Softcat’s gross and operating profit will both grow in the “teens” in its recently ended fiscal 2025, the UK’s largest reseller has confirmed.
The LSE-listed giant confirmed the buoyant guidance for its year to 31 July 2025 in a trading update this morning after “trading well” in Q4.
The Marlow-based outfit has in recent months gradually raised expectations for its full-year results, which are set to be published on 22 October.
Following market-busting interim results in March, it hoisted its full-year operating profit growth expectation to “low double digits”, up from “high single digits” previously. Then in May, it upped this to “mid teens”.
Softcat confirmed that guidance this morning, saying it expects to deliver “mid teens” growth in adjusted full-year operating profit and “high teens” growth in gross profit.
For context, Softcat posted operating profit of £154.1m (up 9.3%) in its fiscal 2024. Gross profit grew 11.7% to £417.8m, while its top line – gross invoiced income – swelled 11.3% to £2.85bn.
“Following the update provided on 28 May, the Group continued to trade well during the fourth quarter, supported by further conversion of larger solutions projects,” this morning’s trading update read.
It’s been an eventful year for Softcat after it made the first acquisition in its 32-year history in April amid what CEO Graham Charlton called a new “no-lose” M&A strategy, before taking a “meaningful step” in its US expansion strategy in June. It is also in the process of upgrading some of its largest offices.
Suggesting that it may be exercising more caution over its fiscal 2026, Softcat said it expects to deliver “high single-digit” gross profit growth and “low single-digit” growth for the year ahead, on a reported basis.
