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INVESTOR RELATIONS

Audited Final Results for the 12 months ended 31 December 2015

Audited Final Results for the 12 months
ended 31 December 2015

01 March 2016

STM Group Plc, the multi-jurisdictional financial services group, is pleased to announce its audited final results for the 12 months ended 31 December 2015.

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The full results are available to
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Key Points:
  2015 2014 Change
Revenue £16.2m £15.9m +2%
Earnings before interest, taxation, depreciation and amortisation ("EBITDA") £3.1m £2.3m +35%
Profit before taxation £2.7m £1.7m +59%
Earnings per share (basic) 3.99p 1.97p +103%
Cash and cash equivalents £8.0m £5.7m +40%
Dividend 0.9p - -

  • Continued growth in profitability due to focus on higher margin products
  • Growth in annuity fee income streams representing approx. 70% of Revenue in 2015
  • Reduction in overall Group debt to just £0.3m which will be paid off in March 2016 from Group cash flow
  • Increasing distributor network with new offices in South Africa, South East Asia and the Middle East
  • 40% increase in cash balances
  • Introduction of progressive dividend policy. Final dividend of 0.9p per share proposed

Commenting on the results and prospects for STM, Colin Porter, CEO, said:

"2015 has undoubtedly been a transformational year for STM in respect of profitability, however equally in building the product and distribution platform for future growth.

"The global market for specialist international pension administration products is very much in its infancy and will continue to be a significant source of revenue and profitability going forward. This presents a very attractive opportunity for both the business and our investors alike for the foreseeable future."

 

For further information, please contact:

STM Group Plc www.stmgroupplc.com
Colin Porter, Chief Executive Officer Tel: 00 350 200 42686
colin.porter@stmgroupplc.com  
Alan Kentish, Product & Business Development Director Tel: 00 350 200 42686
alan.kentish@stmgroupplc.com  
Therese Neish, Chief Financial Officer Tel: 00 350 200 42686
therese.neish@stmgroupplc.com  
   
finnCap www.finncap.com
Matt Goode / Christopher Raggett / Emily Watts - Corporate Finance Tel: +44 (0) 20 7220 0500
Mia Gardner - Corporate Broking  
   
Walbrook www.walbrookpr.com
Tom Cooper / Paul Vann Tel: +44 (0) 20 7933 8780
Mob: +44 (0) 797 122 1972
  tom.cooper@walbrookpr.com

 

Notes to editors:

STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.

Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.

STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.

Further information on STM Group can be found at www.stmgroupplc.com

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"STM Group PLC strives to be the provider of choice for cross-border investors, entrepreneurs and expatriates by offering clear, innovative and impartial financial and commercial solutions which help clients protect and grow their investments."