FRP Advisory Group Full Year 2024 Earnings: In Line With Expectations

FRP Advisory Group (LON:FRP) Full Year 2024 Results

Key Financial Results

• Revenue: UK£128.2m (up 23% from FY 2023).
• Net income: UK£22.0m (up 73% from FY 2023).
• Profit margin: 17% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: UK£0.094 (up from UK£0.056 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FRP Advisory Group Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Provision of Specialist Business Advisory Services contributing UK£128.2m. Notably, cost of sales worth UK£69.6m amounted to 54% of total revenue thereby underscoring the impact on earnings.Explore how FRP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets industry in the United Kingdom.

Performance of the British Capital Markets industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for FRP Advisory Group that you should be aware of.

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