OSB Group Full Year 2024 Earnings: Misses Expectations

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OSB Group (LON:OSB) Full Year 2024 Results

Key Financial Results

  • Revenue: UK£680.0m (up 12% from FY 2023).
  • Net income: UK£299.1m (up 9.3% from FY 2023).
  • Profit margin: 44% (in line with FY 2023).
  • EPS: UK£0.78 (up from UK£0.66 in FY 2023).
revenue-and-expenses-breakdown
LSE:OSB Revenue and Expenses Breakdown April 4th 2025

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

OSB Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 4.4%.

The primary driver behind last 12 months revenue was the Onesavings Bank Plc (OSB) segment contributing a total revenue of UK£388.4m (57% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£252.4m (66% of total expenses). Explore how OSB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

The company's shares are down 2.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for OSB Group that you need to be mindful of.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About LSE:OSB

OSB Group

Through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.

Undervalued established dividend payer.

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