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Softcat forecasts strong FY25 profit growth, expects softer gains in FY26
(Sharecast News) - IT infrastructure firm Softcat said on Thursday that it now expected to deliver "high-teens growth" in full-year gross profits and "mid-teens growth" in FY operating profits as it continued to "trade well" during the fourth quarter, supported by further conversion of larger solutions projects. Softcat also said that it had remained "highly cash generative", with FY25 cash conversion expected to be towards the top end of its 85%-95% forecasts.
Looking ahead, the FTSE 250-listed group said it was "well positioned" to deliver further growth, stating that when excluding the "significant incremental contribution" from large projects in FY25, it expects to deliver low double-digit gross profit growth and high single-digit operating profit growth in FY26.
Including the contribution from large deals in the comparative period, Softcat said this translates to reported rates of "high single-digit" gross profit growth and "low single-digit" growth in operating profit.
Softcat will report its FY25 preliminary results on 22 October.
Reporting by Iain Gilbert at Sharecast.com
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