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The Platform Group (TPG) delivered strong growth in FY25 and a good improvement in its leverage ratio to management’s target corridor. The results show a higher level of seasonality of the business versus FY24, and while leverage improved, operating cash generation relative to revenue was weaker due to less favourable working capital. The soon-to-be-completed acquisition of AEP will lead to a significant increase in TPG’s scale.
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Thu, 23rd Apr 2026 15:09
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