WALKER CRIPS GROUP PLC reports results for the six months ended 30 september 2025

2025-12-31 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On December 31, 2025, Walker Crips Group PLC announced its financial results for the six months ended September 30, 2025. The report highlighted a challenging period for the company, marked by a decline in revenues and significant losses.

Total revenues for the first half of the fiscal year decreased by 7.3% to £14.6 million, down from £15.8 million in the same period of 2024. This decline was attributed to reduced managed interest retention and lower Structured Products fees, exacerbated by a challenging economic environment characterized by persistent inflation and elevated interest rates. Gross profits also fell by 7.4% to £12.1 million, compared to £13.1 million in the prior year.

The company reported an operating loss of £6.9 million, a significant increase from the operating loss of £1.7 million recorded in the same period last year. This loss was impacted by an exceptional charge of £4.4 million related to the impairment of goodwill, which is an accounting adjustment with no cash impact. After adjusting for this exceptional item, the adjusted operating loss stood at £2.5 million, compared to £1.7 million in the previous year.

Loss before tax for the period was £6.3 million, compared to £1.5 million in the prior year. Adjusting for exceptional items, the adjusted loss before tax was £2.6 million, again reflecting a deterioration from the previous year’s figure. The loss attributable to equity holders of the parent company was £6.3 million, resulting in a basic and diluted earnings per share (EPS) of (14.85)p, compared to (2.56)p in the same period last year.

In terms of liquidity, the company held cash and cash equivalents of £9.0 million at the end of the reporting period, down from £12.8 million in 2024. This figure includes £2.5 million drawn from a loan facility provided by Phillip Brokerage, which also offered a £5.0 million working capital loan facility in July 2025.

Walker Crips Group did not propose an interim dividend for this period, consistent with its performance in the previous year. The company’s assets under management (AUM) increased by 9.3% to £3.0 billion, while total assets under management and administration (AUMA) rose by 5.3% to £4.9 billion.

Looking ahead, the company remains focused on improving its operational foundation and is implementing several initiatives aimed at driving sustainable growth. These include cost management strategies, the introduction of new structured products, and a continued emphasis on enhancing its investment management capabilities. The management expressed optimism about future performance despite the current challenges, emphasizing their commitment to turning around the business.

In conclusion, Walker Crips Group PLC faced a difficult first half of the fiscal year, with significant declines in revenue and increased losses. However, the company is taking proactive steps to address these challenges and improve its financial performance moving forward.

Original Announcement

Title: Results for the six months ended 30 September 2025
Date: 2025-12-31
Source: London Stock Exchange