Elixirr International (ELIX) H2 2024 TU earnings summary

Executive summary

• Finished FY24 strongly, with results expected above market expectations.

• Achieved record revenue for January 2025, indicating continued momentum into the new year.

Financial highlights

• FY24 revenue expected to exceed £111 million, above the guidance range of £108–£111 million.

• Adjusted EBITDA margin anticipated at approximately 28%, within the 27–29% guidance range.

• Adjusted EBITDA projected at around £31 million.

• Cash balances at year-end approximately £7.5 million, with full repayment of debt drawn for the Hypothesis Group acquisition.

Outlook and guidance

• FY24 results continue the track record of exceeding the Rule of 40 (revenue growth plus Adjusted EBITDA margin > 40%).

• Full year FY24 results to be announced on 28 April 2025.