Bytes Technology Group (BYIT) Trading Update summary

Financial performance highlights

• Achieved double-digit growth in gross invoiced income, gross profit, and operating profit for FY25.

• Gross invoiced income exceeded £2 billion for the first time, marking a significant milestone.

• Operating profit grew in the mid-to-high teens, with gross profit up around 12% year-on-year.

• Cash conversion surpassed 100%, ending the year with a cash balance over £110 million.

Strategic and operational developments

• Successfully integrated the updated Microsoft incentive plan into strategic growth initiatives.

• Maintained strong demand for software, AI, and IT services across both corporate and public sector clients.

• Continued investment in employee development and vendor partnerships supports future growth.

Market positioning and outlook

• Well-positioned to capitalize on growth opportunities in AI, cloud services, and cybersecurity.

• Strong customer service focus drives expansion of customer base and increased share of wallet.

• Anticipates continued strong growth, with further details to be shared in May's full year results.