System1 expects pre-tax profit of £2.8m for the year ended 31 March 2024, up £2.1m from 2023, surpassing market expectations. The Board plans to resume paying dividends, indicating confidence in the company's financial performance.
Chief executive James Gregory highlights impressive financial results post-2022 Strategic Review, with Revenue reaching £30m, up 28% annually. The company gained over 250 new clients, with Platform Revenue growing by over 40% and Profit before Taxation increasing by 300%.
System1 experienced 'substantial double-digit' revenue growth in all regions in 2024, alongside adding over 250 new clients. Their fourth-quarter results saw revenue surge 30% to £8.7m compared to the previous year.
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