Bytes Technology Group PLC (LSE:BYIT)

Full Year 2025 Bytes Technology Group PLC Earnings Call Transcript

May 13, 2025 / 08:30 AM GMT

Release Date Price: £5.32 (-3.45%)

Transcript

Key Points

Positve

Bytes Technology Group PLC (FRA:9NY) reported a 15.2% increase in gross invoiced income, surpassing the 2 billion mark for the first time.
The company achieved a 17.1% increase in operating profit, demonstrating strong financial performance.
Bytes Technology Group PLC maintained over 100% cash conversion, enabling significant shareholder returns while sustaining a strong balance sheet.
The company experienced a 19% growth in services, contributing significantly to gross profit.
Bytes Technology Group PLC has a strong partnership with Microsoft, being the number one partner in the UK for overall revenue influence, which supports their growth strategy.

Negative

The company faced a challenging macroeconomic environment, with uncertainty impacting corporate business during the year.
There was a decline in the GP to GII conversion rate from 8% to 7.8%, attributed to changes in the mix rather than margin decline.
The company experienced a decline in employee net promoter score (EMPS) from 71 to 57%, reflecting internal and external changes.
Bytes Technology Group PLC's growth in new customer acquisition was relatively low, with only 85 net new customers added in the last 12 months.
The company anticipates absorbing approximately 1.6 million in costs related to national insurance contribution changes, which could impact future profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BYIT.L - Bytes Technology Group PLC
Full Year 2025 Bytes Technology Group PLC Earnings Call
May 13, 2025 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

Thank you for joining us at the LSC this morning. I look forward to presenting to you online our full year presentation for the year ended 28th of February 2025. I'm SAM Mutt, the CEO of Bys Technology Group, and I'm delighted to be here alongside Andrew, our CFO. We'd like to invite those of you here with us in person to join us for tea and coffee afterwards if you'd like to.

I'll begin quickly with an introduction to the business and overview of FY25. Andrew will then provide a financial overview before I come back to provide a strategic review.

BTG is one of the largest IT resellers in the UK and we have a focus on software. We're driven by a clear mission to help

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