Gresham Technologies PLC - London-based software and services for data integrity and control, banking integration, payments and cash management - Posts revenue of GBP48.7 million for 2022, up 32% from GBP37.0 million in 2021. Pretax profit is GBP3.2 million, up significantly from GBP431,000 a year earlier, as operating profit jumps to GBP3.5 million from just GBP548,000. Adjusted earnings before interest, tax, depreciation and amortisation amounts to GBP10.3 million, up 43% from GBP7.2 million in 2021. Declares a final dividend of 0.75 pence per share, unchanged from a year prior. Gresham says it is confident in 2023 outlook.
Chief Executive Officer Ian Manocha says: "The group's financial performance for the year, ahead of initial expectations, reflects the building blocks put in place over the last three years, with benefits from cross-selling momentum, operational synergies and a greatly expanded market opportunity starting to be realised."
Current stock price: 161.48p each, up 0.6% on Tuesday afternoon in London
12-month change: up 6.2%
By Xindi Wei, Alliance News reporter
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Gresham (GHT)