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Yü Group PLC has recently disclosed a transfer of treasury shares, indicating ongoing engagement with employee share option plans. On January 28, 2025, the company transferred 5,482 ordinary shares from treasury to address these options, bringing the total number of ordinary shares in issue, excluding treasury shares, to 16,789,819. Yü Group currently holds 229,496 shares in treasury, which shareholders should consider for transparency and regulatory reporting under FCA guidelines.
In a year-end trading update dated January 21, 2025, Yü Group reported a robust financial performance for the fiscal year ending December 31, 2024, with revenues projected to reach approximately £650 million, reflecting a significant growth of about 40% from £460 million in the previous year. The company anticipates a strong EBITDA margin, driven by solid contract profitability and effective management of bad debt. Additionally, Yü Group's net cash position has notably improved to £80.2 million, up from £32.1 million in FY23, showcasing the success of the firm's growth strategy, including a 65% increase in meter points supplied, totaling 88,000 for 2024.
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