Bytes Technology Group (BYIT)

Sector:

IT Services

Index:

FTSE 250

526.00p
   
  • Change Today:
      29.00p
  • 52 Week High: 582.50
  • 52 Week Low: 404.00
  • Currency: UK Pounds
  • Shares Issued: 241.10m
  • Volume: 1,141,054
  • Market Cap: £1,268.17m
  • Beta: 0.01

Bytes Technology predicts further profit growth, unveils special divi

By Benjamin Chiou

Date: Tuesday 13 May 2025

LONDON (ShareCast) - (Sharecast News) - Bytes Technology has announced a special dividend and hiked its full-year payout to shareholders after a solid full-year performance, with profits rising by a double-digit percentage.
The software, security AI and cloud services specialist outfit reported revenues of £217.1m for the 12 months to 28 February, up 4.9% on the previous year, with operating profits up 17.1% at £66.4m.

Gross invoiced income rose 15.2% to £2.10bn, topping the £2bn mark for the first time.

"I am proud to report another strong set of results for BTG, marked by a significant rise in operating profit. This performance reflects robust and sustained demand for our comprehensive suite of software, solutions, and services," said chief executive Sam Mudd.

The firm raised its final dividend by 15% to 6.9p, taking its total payout to 15p (+15%), and also unveiled a 10p special dividend.

The company said it performed well despite a "challenging macro environment" during the year, and is "well positioned to respond to the evolving demands we see in our markets" in the coming year, predicting high single-digit operating profit growth.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BYIT Market Data

Currency UK Pounds
Share Price 526.00p
Change Today 29.00p
% Change 5.84 %
52 Week High 582.50
52 Week Low 404.00
Volume 1,141,054
Shares Issued 241.10m
Market Cap £1,268.17m
Beta 0.01

BYIT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.25% below the market average87.25% below the market average87.25% below the market average87.25% below the market average87.25% below the market average
82.72% below the sector average82.72% below the sector average82.72% below the sector average82.72% below the sector average82.72% below the sector average
Price Trend
23.76% above the market average23.76% above the market average23.76% above the market average23.76% above the market average23.76% above the market average
22.35% above the sector average22.35% above the sector average22.35% above the sector average22.35% above the sector average22.35% above the sector average
Income
2.05% above the market average2.05% above the market average2.05% above the market average2.05% above the market average2.05% above the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average
Growth
53.63% above the market average53.63% above the market average53.63% above the market average53.63% above the market average53.63% above the market average
41.77% above the sector average41.77% above the sector average41.77% above the sector average41.77% above the sector average41.77% above the sector average

BYIT Dividends

  Latest Previous
  Final Special
Ex-Div 10-Jul-25 10-Jul-25
Paid 25-Jul-25 25-Jul-25
Amount 6.90p 10.00p

Trades for 28-May-2025

Time Volume / Share Price
16:47 409 @ 526.00p
16:47 2,808 @ 516.58p
16:35 459,431 @ 526.00p
16:35 725 @ 526.00p
16:35 658 @ 526.00p

BYIT Key Personnel

Chair Patrick De Smedt
CFO Andrew Holden
CEO Sam Mudd

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