Earnings per share fell to 70.8 pence from 78.4 pence a year earlier
LONDON: London Security PLC reported a 5.4% increase in revenue to £116.9 million for the six months ended June 30, 2025, but saw operating profit decline 7.5% to £12.4 million, citing inflationary pressures and engineering staff shortages.
Earnings per share fell to 70.8 pence from 78.4 pence a year earlier. The company said currency headwinds from a weaker Euro also impacted results, with revenue and operating profit potentially £1.6 million and £0.2 million higher respectively under 2024 exchange rates.
Chairman J-J. Murray said the Group launched a recruitment drive in early 2025 to address the shortage of engineers, with new hires now actively servicing customers. “Their performance is expected to accelerate through the year ahead,” he noted.
Despite moderated inflation, input costs remain elevated. The company has passed on price increases to customers “where possible.”
London Security expanded its footprint in the Netherlands and the UK through service contract acquisitions, reaffirming its strategy to grow via targeted investments across Europe.
Cash reserves rose to £42.7 million, up from £29.6 million at year-end 2024, boosted by improved receivables collection following a new IT system rollout.
The Board said the Group remains resilient amid low macroeconomic growth, supported by strong cash generation and a healthy balance sheet. A final dividend of £0.42 per share for 2024 was paid on July 11, 2025.