Gattaca PLC on Wednesday said it expects its full-year results to be in line with market expectations as it reported top line growth for its first-half, but a fall in profit.
The Whitely, England-based recruiter for companies in the technology and engineering sectors reported a 22% decline in pretax profit to £809,000 in the six months to January 31, from £1.0 million a year prior.
Revenue, in contrast, advanced 3.1% to £193.5 million from £187.6 million, but with the cost of sales rising 3.8% to £174.6 million from £168.2 million.
Net fee income fell 3% to £18.9 million from £19.4 million, but came in slightly higher than the £18.8 million guided at its trading update in February.
The firm maintained its financial 2025 underlying pretax profit guidance of £3 million. This compares with £2.9 million achieved in financial 2024.
Gattaca expects its performance to be in line with market expectations for the full-year but noted that continuing macroeconomic headwinds have impacted both client demand and candidate sentiment, extending recruitment timelines and reducing volume.
Gattaca reintroduced its interim dividend, at 1.0p per share. The firm reported net cash of £16.8 million, falling from £22.3 million the prior year. Gattaca attributed the decline to a reduction in trade creditors as well as payment of its 2024 dividend.
Its shares were down 0.5% at 83.12 pence on Wednesday morning in London.
Chief Executive Matthew Wragg said: ‘We are pleased to report a robust 2025 H1 performance, achieved through proactive management of the market challenges, with a great team who are starting to see the tangible results of our strategic investments. We have retained our customer base, further improved our performance per head, continued to grow our contractor book, are seeing the results of our strategic investments and are confident in achieving our full year PBT expectations.
‘We will drive continued growth in our core markets throughout the second half, aiming for a strong year-end. We are confident in our ability to navigate market conditions through operational efficiency, cost discipline, and a focus on productivity whilst maintaining high engagement.’
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