GlobalData has reported a five per cent increase in revenue to £285.5m for the year ended 31 December 2024, meeting market expectations.
The firm, which offers data and business intelligence solutions across various sectors, saw its earnings before interest, tax, depreciation and amortisation (EBITDA) grow by five per cent to £116.8m, with an EBITDA margin of 41 per cent, as reported by City AM.
Pre-tax profit surged 32 per cent to £54.9m. Contracted forward revenue rose by 12 per cent to £171.4m as the company gained more customers and demand for data increased due to the thriving AI sector.
GlobalData revealed that over 42,000 users are engaged with its AI Hub, which combines proprietary data with AI-driven insights.
However, operating profit fell by 12 per cent to £65.1m due to acquisition expenses, restructuring costs, and higher share-based payments.
The company also announced plans to reduce its dividend to free up more cash for mergers and acquisitions (M&A). It proposed a final dividend of 1.0p, down from 3.2p in 2023.
GlobalData recognised a £412m gain following the sale of its 40 per cent stake in Healthcare business to Inflexion Private Equity Partners.
The company invested £88m across four acquisitions and completed the purchase of AI Palette on 7 March 2025 for $11.5m (£8.9m).
Alongside the results, GlobalData also announced plans to move to the Main Market of the London Stock Exchange.
Mike Danson, Chief Executive Officer of GlobalData, remarked: "2024 was transformational for GlobalData following Inflexion's significant investment in June 2024, which strengthened our balance sheet and accelerated our growth strategy."
He further added, "Strategic M&A remains a core element of our growth strategy, with four earning accretive acquisitions completed during the year, strengthening our One Platform offering."
Elaborating on future prospects, he explained, "With much of the foundational work to re-organise the business and set us up for accelerated growth now completed, we enter 2025 with clear priorities and a strengthened team to deliver."