Newmark Security PLC (AIM:NWT) CEO Marie-Claire Dwek talked with Proactive's Stephen Gunnion about the company's strong financial results for 2024. Dwek highlighted a 10% increase in group revenue, rising to £22.3 million, with notable performances across its divisions. EBITDA saw a significant boost of 50%, reaching £2.2 million, while operating profit grew to £800,000. Cash generated from operations increased by over £1 million year-on-year, with cash in the bank reaching £1.1 million.
Dwek emphasised the success of the company's Human Capital Management (HCM) division, particularly in the US and European markets. HCM sales rose by 7%, and annual recurring subscriptions grew by 28%. The Safetell division also posted strong results, with headline revenue up 23% to £5.8 million.
Looking ahead, Dwek expressed confidence in Newmark Security’s future growth, driven by a strong customer pipeline and expanding partnerships. She also highlighted the strategic importance of GT Connect, a cloud-based solution hub central to the company's HCM growth strategy.