CVS Group Plc (CVSG.L), a veterinary service provider, on Tuesday reported a decline in pre-tax profit and adjusted earnings for fiscal year 2025, despite a 5.4% improvement in revenue. However, profit for the year improved.
The decline was mainly due to increased finance expenses resulting from higher costs and the volume of borrowing by practices and acquisitions.
On the London Stock Exchange, the shares were trading 9.12% higher at 1364 pence.
Looking ahead, the firm continues to expect performing in line with market expectations for full year 2026. Moreover, the board remains confident in returning to delivering like-for-like organic growth of between 4% to 8% in the medium term.
Profit before tax declined 7.4 % to 32.6 million pounds from 35.2 million pounds a year ago.
Profit attributable to owners of the company increased to 52.8 million pounds from 6.2 million in the prior year.
Adjusted earnings per share decreased 3.8% to 80.1 pence from 83.2 pence in the prior year.
Earnings per share from continuing operations decreased to 26.2 pence from 34.2 pence.
Adjusted EBITDA increased 9.4% to 134.6 million pounds from 123 million pounds a year ago.
Revenue increased to 673.2 million pounds from 638.7 million pounds in the last year, mainly driven by acquisitions made in the current and the previous financial year.
CVS Group's Like-for-Like sales declined 2.27 points to 0.2% from 2.9% in the prior year.
The Board declared a final dividend of 8.5 pence compared to 8.0 pence a year ago. Post approval at the shareholders' meeting on November 18, the dividend will be paid on December 5.
In addition, the Group updated the delay in the publication of the Competition and Markets Authority's provisional decision to mid-October 2025, compared to the earlier announced September 2025.
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