Science Group PLC on Monday reported increased profit and revenue for its first half, and said it is ‘well positioned’ for the year as a whole.
The Cambridge, England-based science and technology consultancy said its pretax profit more than quadrupled to £32.2 million in the first half of 2025, from £7.6 million the year before. Basic earnings per share surged to 55.3 pence from 12.9p.
Science Group said its profit included a £24.0 million pretax gain on its investment in Ricardo PLC, which ‘materially augmented’ its ‘already strong balance sheet’. It previously announced the sale of its entire stake in Ricardo for £58.0 million on June 19, and said the net return on its investment was around £23.7 million.
The company’s cash balance totalled £82.0 million as of June 30, up from £38.8 million one year prior.
Revenue increased 6.5% to £57.2 million from £53.7 million. Science Group said revenue for the Professional Services Division was ‘constrained’, decreasing 9.1% to £33.2 million from £36.5 million.
However, revenue for Critical Maritime Systems & Support (CMS2) increased 52% to £16.6 million from £10.9 million, and the business ‘has good forward visibility for the remainder of the year’. Frontier, meanwhile, ‘performed ahead of expectations’ with revenue jumping 20% to £7.1 million from £5.9 million.
‘The Science Group model, combining Professional Services and Systems businesses, once again demonstrated its resilience in a period of volatility,’ the company said. ‘As a result, Science Group is well positioned for the full year.’
Noting that the Ricardo investment proceeds ‘significantly enhanced’ its profit and cash inflow, it added: ‘With the exceptionally strong financial position of Science Group, the board will continue to evaluate corporate opportunities should the potential risk-adjusted returns justify the capital deployment.’
Shares in Science Group rose 2.6% to 564.00 pence each in London on Monday.
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