- Altitude Group
- 31 March 2026 09:28:30
Source: Sharecast
The AIM-traded promotional products technology and services provider said revenue for the year ending 31 March was expected to be between $43.5m and $44.5m, up from $37.3m in 2025, representing year-on-year growth of 16.6% to 19.3%.
It said the performance reflected the full-year contribution from UGS contracts secured in the prior year and continued expansion in its Affiliate programme.
Adjusted operating profit was expected to be in line with the $3.7m reported in 2025, while adjusted profit before tax is also forecast at $1.6m, unchanged year-on-year.
The company said it expected to end the period with net debt of $0.6m, compared with net cash of $0.7m a year earlier, reflecting the timing of certain revenues and costs associated with its operational improvement programme.
Altitude said it had delivered “meaningful progress and strategic realignment” during the year, including board-level changes and a restructuring programme aimed at improving profitability and cash generation within its core AIM business.
The group outlined a strategy focused on expanding its member and supplier base, accelerating development of its end-to-end technology platform, and creating a more scalable cost structure.
As part of its technology investment, the company launched AIM iQ, an AI-enabled platform designed to enhance data services and platform capabilities for its users.
It also reported annualised cost savings of $0.7m following operational restructuring.
Following portfolio reviews, the group exited certain underperforming accounts within its ACS and UGS divisions and introduced tighter financial criteria, which it said would result in a more focused and profitable Merchanting division.
While that was expected to moderate revenues in 2027, the board said it would support improved margins and cash generation over the medium term.
Altitude added that it expected to announce its full-year results on 29 July.
At 0906 BST, shares in Altitude Group were up 0.37% at 21.28p.
Reporting by Josh White for Sharecast.com.
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