Merit Group Reports Robust Turnaround in FY24

Merit Group (GB:MRIT) has released an update.

Merit Group plc has reported a significant turnaround with its FY24 results, showcasing a 7% revenue growth to £19.9 million and a substantial increase in adjusted EBITDA by 50% to £4.0 million. The company achieved a commendable net margin improvement and recorded its first pre-tax profit since 2018, indicating a robust recovery and positive prospects for the future. This performance underscores the successful restructuring efforts and strategic focus on data and intelligence, positioning the company well for anticipated solid performance in FY25.

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