Bytes (BYI) FY22 – Results Snapshot

Diluted HEPS 13.4pps (+58% y-y) compared to 8.5pps LY.
Revenue improved by 13.8% y-y to £448m.
GPM increased by 120bps to 24.0%.
OPM improved from 6.8% to 9.4%.
Expenses increased by 3.4% y-y to £65m. Expenses to revenue has dropped by 130bps to 14.6%.
Total dividend of 10.4 pence declared, which includes a 6.2 pence special dividend and a final dividend of 4.2 pence.
Cashflow from operating activities improved by 66.7% y-y to £52m.