Today’s FY25 results from itim illustrate a solid performance against a challenging retail backdrop, albeit with profitability down against a strong comparator in FY24. Results were in line with Zeus forecasts for the year, with revenue of £17.5m down marginally on the prior year as a result of lower service project revenue, leading to a reduction in EBITDA to £1.7m (FY24: £2.5m). Encouragingly, recurring revenue remained highly resilient, with booked recurring revenue of £13.5m, up from £13.4m ....
