Merit Group Plc (GB:MRIT) has released an update.
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Merit Group Plc has announced a robust financial performance for FY24, with a reported revenue of £19.9m and an Adjusted EBITDA of £4.0m, surpassing market expectations by 10%. The company also recorded its first pre-tax profit since FY18 at £1.2m, marking a significant turnaround from the previous year’s loss. Additionally, Merit Group has reduced its net debt to £1.9m and highlighted the strong performance of its operating businesses, MD&T and Dods Political Intelligence.
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