1Spatial shares tumble as contract delays eat into income 

Shares in location information agency 1Spatial have been down as a lot as 10% on Wednesday morning as a buying and selling replace revealed delays have eaten into income. 

In an replace for the yr ending January 2025, 1Spatial mentioned it had seen a “better than anticipated lower in providers income” over the previous yr, largely on account of delays within the begin of a €9m Belgian-based contract to provide a digital twin of the distribution community of an unnamed consumer. 

The corporate mentioned internet borrowing was at £1.1m in January 2025, down from its internet money of £1.1m the earlier yr. This £2.2m outflow was on account of an “enlargement in working capital motion” and a “monetary bond for the massive Belgian contract”. 

1Spatial mentioned supply on the contract has now begun and regardless of the delay impacted the tempo of development, its general income grew 3% to £33.4m in 2025. 

“We’ve made some good progress throughout the group this yr and I’m particularly happy that we’ve delivered a rise in software program revenues forward of our expectations, in addition to reporting the primary vital gross sales of our greater margin 1Streetworks SaaS answer, with an extra materials contract in superior negotiations,” mentioned CEO Claire Milverton. 

“With recurring income now accounting for 62% of complete income, the investments that we’ve made in our software program platform in addition to new gross sales useful resource and management hires, we look ahead to a optimistic yr forward.” 

1Spatial’s audited monetary outcomes for FY25 are anticipated to be launched on 7 Might. 

The Cambridge-based firm specialises in geospatial information, working with organisations to handle and enhance the standard of location-based data. 

Shares in 1Spatial are buying and selling at 57.5p as of Wednesday morning, down almost 20% because the begin of the yr.

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