Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
SpaceandPeople PLC on Tuesday backed its annual outlook, and said it sees further revenue and earnings growth in 2026, sending its shares higher.
Shares in Glasgow-based promotional and short-term retail space provider rose 12% to 230.00 pence on Tuesday afternoon in London.
Back in July, SpaceandPeople said it expects full-year revenue for 2025 of £8.3 million and pretax profit of £500,000. These figures are up on-year from £6.7 million and £225,000 respectively.
The company also guided further growth for 2026, with it expecting a 6.0% advance to £8.8 million for revenue.
SpaceandPeople added that borrowing costs will decrease owing to the recent repayment of the remaining term loan. As such, it sees pretax profit for 2026 improving to £750,000, equating to a pretax profit margin improvement to over 8.5% from 6.0% in 2025, the company said.
Copyright 2025 Alliance News Ltd. All Rights Reserved.