1Spatial, a global leader in Location Master Data Management, has released its audited financial results for the year ended January 31, 2025. The companys revenue increased by 3% to £33.4 million, with a gross profit of £18.5 million. Software sales, including term licenses and SaaS, increased by 35% to £11.5 million. The companys recurring revenue accounted for 62% of total revenue, and its SaaS solutions revenue increased significantly. 1Spatials adjusted EBITDA increased to £5.6 million, while its operating profit decreased to £0.9 million due to inflationary costs and non-cash amortization. The company generated £4.9 million in cash from operating activities and had net borrowings of £1.0 million. The companys financial position is supported by a committed revolving credit facility and bank loans. The Board has adopted the going concern basis in preparing these financial statements and expects further progress in FY 2026.
| Financial Metrics | FY 2025 (£m) | FY 2024 (£m) | Change |
|---|---|---|---|
| Group Revenue | 33.4 | 32.3 | 3% |
| Recurring Revenue | 20.7 | 18.1 | 14% |
| Term Licences Revenue | 10.5 | 8.3 | 27% |
| SaaS Solutions Revenue | 1.0 | 0.2 | 400% |
| Group Total ARR | 19.7 | 17.2 | 14% |
| Term Licences ARR | 9.5 | 7.7 | 23% |
| SaaS ARR | 1.8 | 0.0 | 100% |
| Group Gross Profit | 18.5 | 17.9 | 3% |
| Adjusted EBITDA | 5.6 | 5.5 | 3% |
| Adjusted EBITDA Margin (%) | 17.0% | 17.0% | - |
| Operating Profit | 0.9 | 1.4 | (38%) |
| Profit Before Tax | 0.2 | 1.1 | (79%) |
| Earnings Per Share - Basic (p) | 0.2 | 1.1 | (82%) |
| Earnings Per Share - Diluted (p) | 0.1 | 1.0 | (90%) |
| Net (Borrowings) / Cash | (1.0) | 1.1 | (191%) |