30 January 2025
Inspired PLC
("Inspired", the "Company" or the "Group")
Notice of Results and
Confirmation of FY24 Performance
Inspired (AIM: INSE),
the UKs leading energy and sustainability advisor,
announces that, further to its full year trading update on 2
December 2024 (the "December
Update"), it expects to announce its audited
full year results to 31 December 2024 ("FY24") on 31 March
2025.
The Group confirms in respect of FY24 that it
expects to report results in line with revised guidance set out in
the December Update and market expectations:
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Revenue of c.£94.0m (FY23: £98.8m)
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Group Adjusted EBITDA* of £23.0m (FY23:
£25.2m)
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Group Adjusted PBT** in line with market
expectations
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Cash Conversion*** in FY24 was c.90% (FY23:
70%)
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Following completion of the c.£26.7m
fundraising in January, the Company is on track to achieve a
consolidated net debt/EBITDA ratio towards 1:1 (on a LTM basis) by
the end of FY25 or earlier
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The FY25 financial year has started well and in
line with management's expectations. The three significant
Optimisation Projects referred to in the December Update have
commenced and are on track for delivery in H1 2025 as
anticipated.
Mark Dickinson, CEO of Inspired said: "The Group is now better placed than ever to deliver as a
full-service provider of sustainability solutions for our
customers. As we enter FY25, our strong
start and solid financial position set the stage for continued
growth. With our strong business pipeline, the three significant
Optimisation projects progressing well and with a strengthened
balance sheet, we have the ability to reduce leverage and
capitalise on the significant organic growth opportunities, in our
growing addressable market.
"Our confidence is underpinned by a record pipeline and the
growing momentum we are seeing across our four divisions supported
by a need for companies to reduce energy costs, consumption and
carbon emissions in an increasingly complex regulatory environment.
We are focused on building on the momentum we are seeing and
delivering on our strategic objectives in FY25 and
beyond."
* Adjusted EBITDA is earnings before
interest, taxation, depreciation and amortisation, excluding
exceptional non-recurring items and share-based
payments.
**Adjusted profit before tax is
earnings before tax, amortisation of intangible assets (excluding
internally generated amortisation related to computer software and
customer databases), exceptional items, share-based payments, the
change in fair value of contingent consideration and foreign
exchange gains/(losses).
***Cash Conversion is cash generated
from operations, as adjusted to exclude exceptional non-recurring
items, as a percentage of Adjusted EBITDA.
Enquiries
For further information, please
contact:
Inspired
PLC
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www.inspiredplc.co.uk
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Mark Dickinson, Chief Executive
Officer
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+44 (0) 1772 689
250
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Paul Connor, Chief Financial Officer
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David Cockshott, Chief Commercial
Officer
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Shore Capital
(Nomad and Joint Broker)
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+44 (0) 20 7408 4090
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Patrick Castle
James Thomas
Sophie Collins
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Panmure
Liberum (Joint Broker)
Edward Mansfield
Satbir Kler
Joshua Borlant
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+44 (0) 20 3100 2000
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Alma Strategic
Communications
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+44 (0) 20 3405 0205
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Justine James
Hannah Campbell
Will Ellis Hancock
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+44 (0) 7525 324431
Inspired@almastrategic.com
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