Northamber’s losses widened in a fiscal 2025 period it branded a “year of deliberate transition”.
The UK’s “oldest” distributor saw revenues rise 13% to £63.3m in its year to 30 June 2025.
Its top line was at once bolstered by recent acquisitions and dented by the “deliberate” exit of lower-margin vendor lines.
Pre-tax losses at the AIM-listed outfit – which ranked 26th in Oxygen Must-Know Distributors and Marketplaces 2025 – widened from £1.5m to £4m.
The results reflect “a number of one-off restructuring, integration and legacy clean-up costs”, Northamber Chairman Alex Phillips said, adding that underlying trading performance improved during the year.
“The actions taken were deliberate and conservative, aimed at de-risking the business, accelerating integration and ensuring the Group enters the new financial year with a more resilient and scalable platform,” he added.
Northamber said it spent the year focused on “reshaping” itself into a more scalable business with broader geographic reach and a “more disciplined economic model”.
Higher-margin audio visual, unified communications, cyber security and network infrastructure solutions now account for “well over” 80% of its revenues.
Non-UK revenue represented around 20% of its 2025 top line, despite recent Benelux acquisitions Epatra and Sahara only being completed part way through the year.
Since year end, Northamber has enlisted former Wick Hill CEO Ian Kilpatrick as a non-exec and acquired £29m-revenue unified comms distributor NUC Distribution.
“The transaction adds a business with meaningful contribution at a gross profit level, while leaving behind a significant proportion of legacy cost, thereby improving the Group’s risk profile and overhead absorption as scale increases,” Phillips said of the latest deal.
“While we remain cautious in the near term, we are confident that the actions taken over the past 18 months have materially improved the Group’s resilience and long-term value potential,” Phillips concluded.
