Please find below the consolidated financial figures for the Gamma Communications plc group. These should be read in conjunction with the corresponding annual report in the results and presentation section of the website.

2025 2024 2023 2022 2021 2020 2019 2018
Financial year ending 31 December
Revenue (£m) 645.8 579.4 521.7 484.6 447.7 393.8 328.9 284.9
Percentage change 11% 11% 8% 8% 14% 20% 15%
Operating profit (£m) 90.9 90.3 67.0 65.4 68.3 75.7 45.5 34.4
Percentage change 1% 35% 2% -4% -10% 66% 32%
Adjusted EBITDA* (£m) 141.7 125.5 114.3 105.1 95.4 79.0 63.5 48.3
Percentage change 13% 10% 9% 10% 21% 24% 32%
Dividend per share (pence) 22.2 19.5 17.1 15.0 13.2 11.7 10.5 10.5
Percentage change 14% 14% 14% 14% 13% 11% 13%
Adjusted PBT (£m) 119.4 111.9 97.9 87.8 77.2 61.7 48.1 34.9
Percentage change 7% 14% 12% 14% 25% 28% 38%
Adjusted Earnings Per Share
Adjusted earnings per Ordinary Share – fully diluted (pence)*** 94.5 85.1 75.1 71.8 64.0 51.3 40.8 30.3
Percentage change 11% 13% 5% 12% 25% 26% 35%
Earnings Per Share
Basic per Ordinary Share (pence) 69.5 72.3 55.2 51.1 55.9 67.5 36.6 30.3
Diluted per Ordinary Share (pence) 69.3 72.0 54.9 50.6 55.2 66.6 36.1 30.0
Cash generated by operations (£m) 115.1 116.8 123.5 99.1 89.8 70.3 54.0 40.6
Gross cash 23.7 153.7 136.5 94.6 52.8 53.9 53.9 35.5
Gross debt** -33.0 - -1.7 -2.1 -3.3 -5.9 - -
Net cash (cash and cash equivalents less borrowings**) (£m) -9.3 153.7 134.8 92.5 49.5 48.0 53.9 35.5

*All measures which are described as “adjusted” represent Alternative Performance Measures (“APMs”) and are defined and reconciled in the annual report for each year and are applied consistently. The policy on the use of APMs is included in the annual reports which can be found on results and presentations.

**We do not class contingent consideration or IFRS 16 lease liabilities as debt for the purpose of quoting a gross debt or net cash figure.

***Adjusted EPS (fully diluted) increased from 71.8p to 75.1p (5%), which compares to a 12% increase in 2022. The reduction in growth is primarily due to the increase in statutory UK corporation tax

The above figures are an extract from the annual reports, and these should be considered in conjunction with the published annual accounts, including the accounting policies.

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