FD Technologies Plc (FDP.L), a software solutions provider, reported Tuesday that fiscal 2025 pre-tax loss from continuing operations widened from last year, despite higher revenues. Including discontinued operations, the company reported a profit after tax, compared to loss in the prior year.
In the year, the company separated its three businesses, divesting MRP and First Derivative, with KX, a high-growth subscription software business, as its sole continuing operation.
Looking ahead, FD Technologies expects Annual recurring revenue or ARR growth of at least 20 percent for fiscal 2026, and continue to target positive Cash EBITDA in FY27.
The company's Board in early May unanimously recommended TA's cash offer for the business, under Kairos Bidco, which values FD Technologies at 24.50 pounds per share or 570 million pounds.
Seamus Keating, Group CEO of FD Technologies, said, "We made significant strategic and operational progress in FY25. With accelerating ARR growth and better-than-expected operating leverage, KX delivered a strong performance based on good ongoing execution. Meanwhile, our strategic repositioning of the Group during the period has unlocked significant shareholder value."
In the year 2025, loss before tax from continuing operations of KX was 29.1 million pounds, compared to loss of 20.3 million pounds a year ago.
Loss per share from continuing operations was 94.2 pence, compared to loss of 74.9 pence last year.
The total profit before tax from discontinued operations was 195.5 million pounds, compared to prior year's loss of 17.7 million pounds.
Profit after tax from total operations was 164.0 million pounds, compared to loss of 40.8 million pounds in the prior year. Earnings per share were 584.5 pence, compared to loss of 145.2 pence last year.
On an adjusted basis, loss before tax was 18.3 million pounds, compared to loss of 15.5 million pounds a year ago. Adjusted loss per share was 48.9 pence, compared to loss of 39.5 pence in the previous year.
KX reported an adjusted EBITDA of 6.5 million pounds, up 27 percent from 5.1 million pounds last year.
Revenue, from the continuing business of KX, increased 2 percent to 80.7 million pounds from 79.1 million pounds last year.
ARR increased 13 percent from last year to 81.8 million pounds.
In London, FD Technologies shares were trading at 2,420.50 pence, down 0.19%.
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