Final Results

One Media iP Group PLC

01 April 2026

 

1 April 2026

One Media iP Group Plc

("One Media", "the Company" or the "Group")

Audited results for the year ended 31 October 2025

Improved profitability following focus on cost optimisation and divestment of non-core assets

One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer, publisher and distributor, announces its audited results for the year ended 31 October 2025. Following the sale of TCAT Limited ("TCAT"), announced by the Company on 27 November 2024, the results provided are on a continuing basis.

Financial Highlights

·      Increase in EBITDA to £2.1 million (2024: £2.0 million), demonstrating continued robust cost management.

·      Total revenue decreased by 3% and net revenue (after distribution charges, royalties, and other costs) decreased by 1% to £4.8 million (2024: £4.9 million) and £3.2 million (2024: £3.3 million) respectively. Changes in foreign exchange rates had a negative impact of £0.1 million on reported net revenue for the period.

·      Increase in operating profit to £1.2 million (2024: £1.1 million).

·      Improvement in profit before tax to £0.9 million (2024: £0.8 million).

·      Focus on cost management with continued operational efficiency improvements: administration expenses down to £1.15 million (2024: £1.24 million).

·      80% uplift in Basic EPS from continuing operations to 0.47p (2024: 0.26p).

·      Year end cash balance of £0.8 million (2024: £0.4 million).

·      Debt decreased by £0.4 million to £0.7 million (2024: £1.1 million) with continuation of payments in line with refinancing terms, further reducing Coutts facility.

Portfolio & Operational Highlights

·      Sale of TCAT to Round Group finalised in November 2024, with the Company retaining a 5% equity stake in Round.

·      Acquisition of exclusive mid-term licence to distribute one of the world's most significant Classic Rock podcast collections, comprising hundreds of episodes, interview features and themed specials celebrating the biggest names in rock history, including The Beatles, The Rolling Stones, Led Zeppelin, Pink Floyd, Fleetwood Mac, Bruce Springsteen, Tom Petty, The Eagles, The Who, Santana, Jimi Hendrix, Genesis, Aerosmith, U2, Steely Dan, Steve Miller and more.

·      Continuing success in revenue generating proactive rights management with multiple Point Classics placements including:

o  Light Cavalry Overture in 'We Were Liars' (Amazon Prime, June 2025)

o  Dance of the Sugar-Plum Fairy in 'Étoile' (Amazon Prime, April 2025)

o  Rosamunde: Andante in 'The Old Man' (Disney+/Hulu, October 2024).

·      Renewed media attention on unreleased 1992 Take That track underscores value of Group's rights portfolio. National coverage reignited public interest in Falling for You Girl, an unreleased track from the original Take That line-up, with producer royalties held by the Company identified through its rights acquisition.

·      During the period, our YouTube performance continued to strengthen, with both viewership and subscriber numbers showing meaningful growth. Data from our distribution partners and direct reporting indicates that total YouTube views from January to December 2025 increased by 298% compared with 2024. Subscriber numbers also rose steadily over the year, increasing by 11.71%, from 770,000 to 860,200, reflecting continued audience engagement and the effectiveness of our digital exploitation strategy.

Board changes

·      Non-Executive Director Brian Berg retired from the Board after six years of service.

Market and outlook

·      Global music industry growth continues to support the Company's model, driven by digital distribution, the expansion of streaming and rising demand for music usage.

·      Goldman Sachs' Music in the Air 2025 projected a 7.6% CAGR through to 2030, with industry revenues forecast to reach US$163.7bn, up from US$98.3bn in 2023.

·      IFPI reported global recorded music revenue rose 4.8% to US$29.6bn in 2024, marking a tenth year of growth, with paid streaming subscriptions up 9.5%.

·      Management and the Board continue to monitor AI developments as part of normal operations.

Michael Infante, CEO of One Media, said: "Over the past twelve months, following the strategic sale of TCAT, we have had a relentless focus on cost optimisation, which has enabled us to deliver improved profitability from our continuing operations. The underlying source of this is the high quality of the portfolio of music rights that we have aggregated over the past two decades. Our catalogues continue to deliver reliable, recurring revenues as we work to maximise and monetise the global appeal for the music we hold. In the year ahead, our focus remains on catalogue management, margin discipline and being alive to strategic market opportunities that can further enhance shareholder value."

This announcement contains inside information for the purposes of UK Market Abuse Regulation. The person who arranged the release of this information is Michael Infante, Chief Executive Officer of the Company.

For further information, please contact:

One Media IP Group Plc
Michael Infante	Chief Executive Tel: [phone]
Claire Blunt	Chairman Tel: [phone]
Cairn Financial Advisers LLP	Nominated Adviser
Liam Murray / Jo Turner / Ludovico Lazzaretti	Tel: [phone]
Cavendish Capital Markets Limited	Broker
Giles Balleny (Corporate Finance) Michael Johnson / Dale Bellis (Sales)	Tel: [phone]
Claire Turvey, Fourth Pillar	Financial PR Tel: [phone]

About One Media iP Group Plc

One Media is a digital music rights acquirer, publisher and distributor with a diversified catalogue of over 400,000 music tracks. The Group specialises in purchasing and monetising intellectual property rights with proven, repeat income streams.  One Media adds value to its content by maximising its availability in over 600 digital stores globally, including Apple Music, YouTube, Amazon and Spotify.

One Media's music is also widely used for synchronisation in film and TV whilst its video content is primarily viewed on YouTube where One Media operates over 20 YouTube channels as a certified partner. Men & Motors, the Company's branded car channel, is now available via YouTube www.youtube.com/channel/UCNLiybn_9jgQaV0NZlSRwCg

One Media is listed on the AIM Market of the London Stock Exchange under the ticker 'OMIP'.

For further information, please visit www.omip.co.uk  

Chairman's Statement

With this set of full year results, we are seeing the benefit of both the management's continued focus on cost efficiencies and the strategic divestment of TCAT in November 2024. Both initiatives are delivering improved profitability for the Group and, ultimately, enhanced shareholder returns.

During the year, the priority has been ensuring disciplined capital allocation, to position the Company for long term value creation that is underpinned by financial resilience.

As outlined at the half year, our strategy centres on three core pillars:

1.     Maximising returns from existing IP through active global exploitation and licensing;

2.     Selective investment into new assets and partnerships, such as our retained equity interest in Round Group following the TCAT disposal; and

3.     Exploring corporate growth opportunities, both organically and through acquisition, which enhance our digital-first model and long-term scalability.

The Group's full year results reflect the fact that we have commenced that strategic journey, with our eyes firmly fixed on maximising the Group's future potential.

In the year to 31 October 2025, while Group revenue was slightly down on last year and net revenues remained broadly flat, administration expenses were down 8%; profit before taxation increased by 9%; and earnings per share from continuing operations improved by 80% to 0.47p.

Alongside this, following the disposal of TCAT, losses from discontinued operations reduced significantly from £2.7 million in FY2024 to £0.6 million in FY2025.

The team's experience in rights management and their positive exploitation of our portfolio, continues to bear fruit, delivering the recurring revenue model that ultimately validates the success of the Company's acquisition strategy, which centres on delivering reliable, annuity like income from evergreen music.

In Q4 2025, following the TCAT divestment and the renewed focus on the Company's medium to long term strategic direction, the Board undertook a wider strategy and operational review.

As a result of this review and after careful consideration, the Board has decided not to pay a dividend at this time and continues to favour a prudent dividend policy that prioritises strategic reinvestment of funds into the business. We want to ensure that future distributions align with the Group's evolving strategic priorities and that we allow for flexibility as the Board and management continue to assess the available strategic options that are designed to unlock greater scale and further enhance shareholder returns.

As previously highlighted, management fully recognises that scale is a key challenge for One Media as a micro-cap company. As such, and for now, it remains our view is that it is beneficial to retain the ability and agility to respond to any corporate opportunities that may align with our strategic goals.

The market backdrop we are operating in supports this approach. The outlook for music IP remains strong and, against a broader global backdrop of some uncertainty and flux, we are generating stable net revenues and capital value growth underpinned by an irreplaceable portfolio of evergreen music catalogues. Visibility and reliability of income, which is unaffected by market movements, is appealing in such markets.

Within the sector, AI and its potential impact, is still a major topic of music industry conversation. The rapid developments in this technology is something we closely monitor, and our views remain measured and pragmatic. The tools that AI is delivering for the industry, which make music monetisation more efficient and much more effective, are supportive of our commercial goals and are an integral part of our day-to-day portfolio management. Beyond this, we continue to evaluate AI's broader evolution as part of our normal operations.

Finally, on behalf of the Board, management and shareholders, I would formally like to thank Brian Berg for his dedication to the Company during his six years as a Non-Executive Director. Brian retired from the Board at the end of March 2025 and, since then has continued to support the Company in an advisory capacity as required.

With our renewed streamlined structure and a strong IP foundation through our high quality portfolio, the Company is well positioned for the year ahead.

In 2026, whilst the Group is in a resilient position and cash generative, we will continue to balance operational achievements and our disciplined approach to capital allocation, while remaining open to strategic opportunities that will enable access to scalable growth. With that, I would like to thank all the members of the Company's team for their ongoing dedication to maximising the Company's potential, and our shareholders for their enduring support as we continue to work to unlock value on their behalf.

Claire Blunt

Non-Executive Chairman

Chief Executive's Statement

During FY2025, following the strategic sale of TCAT, our attention has largely been on refocusing the Group towards our core business of music rights management, and on reinforcing the financial resilience of the Company through active cost optimisation. The results of these efforts are demonstrated in this set of results, which have delivered improved profitability and position us well as we continue to execute our strategy of monetising our high quality portfolio of evergreen music rights. We have adopted a consolidative approach in the year under review to align ourselves with the moving landscape of the music industry and AI opportunities.

Financial performance

The strategic divestment of TCAT at the start of the financial year, in November 2024, has resulted in an immediate and material improvement in overall financial performance.

£4.8 million (2024: £4.9 million) in Group revenue was generated from our carefully curated portfolio of music intellectual property royalties. While changes in foreign exchange rates had a negative impact of £0.1 million, net revenue was stable at £3.2 million (2024: £3.3 million). This underscores the resilience of the Group's core catalogue monetisation strategy which, when paired with our careful cost management during the year, has resulted in an increase in operating profit to £1.2 million (2024: £1.1 million) and in profit before tax, which improved by 9% to £0.9 million (2024: £0.8 million).

Total costs were reduced by an overall 7%. This includes a decrease in distribution charges from £1.12 million in FY2024 to £1.03 million in FY2025; royalty costs, which decreased to £0.37 million (2024: £0.40 million); and administration expenses, which were brought down to £1.15 million (2024: £1.24 million).

A one-off tax credit of £0.2 million was recognised during the year, relating to tax benefits from TCAT, compared to a tax expense of £0.2 million in the previous year.

This management strategy resulted in an 80% uplift in Basic EPS from continuing operations to 0.47p (2024: 0.26p).

Portfolio management & operational update

The divestment of TCAT, which was finalised in November 2024, has allowed us to refocus on our core portfolio of music rights, while gaining exposure to creator-driven growth through our retained 5% equity stake in the digital marketing and technology specialist, Round Group, which has a proprietary suite of   analytics tools and digital content services.

During the year, the Group acquired an exclusive mid-term licence to distribute one of the world's most significant Classic Rock podcast collections. The catalogue, which comprises hundreds of long-form episodes, interview features and themed specials, celebrates the biggest names in rock history, including The Beatles, The Rolling Stones, Led Zeppelin, Pink Floyd, Fleetwood Mac, Bruce Springsteen, Tom Petty, The Eagles, The Who, Santana, Jimi Hendrix, Genesis, Aerosmith, U2, Steely Dan, Steve Miller and more.

The new agreement gives One Media the exclusive rights to distribute and monetise the podcasts globally across streaming and digital platforms, covering artist-focused specials; historic retrospectives ("Time Capsule", "Year in Rock"); storytelling formats ("Classic Tales", "Stories Behind the Songs"); award and event programmes ("Classic Rock Awards"); and themed collections such as Power Ballads, Southern Rock, Stadium Rockers, Rock's Acoustic Side and The Great Anthems of Rock.

The acquisition has further enhanced One Media's portfolio by pairing its existing music catalogue with exclusive spoken-word content around the same heritage artists, widening commercial opportunities for playlisting.

The renewed focus on our high quality portfolio of evergreen music copyrights, including music recordings, compositions and producer royalties from leading legacy artists, means our digital catalogues have continued to benefit from our active management across global streaming and video platforms, which underpins our sustainable royalty income model.

Additional highlights driving the success of our portfolio during the period include successful music placements, marketing efforts and active exploitation of digital platforms.

Multiple Point Classics placements aired on major streaming platforms including Light Cavalry Overture in 'We Were Liars' (Amazon Prime, June 2025); Dance of the Sugar-Plum Fairy in 'Étoile' (Amazon Prime, April 2025); Rosamunde: Andante in 'The Old Man' (Disney+/Hulu, October 2024).

As announced via RNS on 18 January 2021, the Company acquired the producer royalties for a selection of Take That recordings. The Company currently collects royalties on the released tracks within that catalogue and has actively pursued the potential release of an unreleased track featuring all five original members of the band.

On 25 May 2025, national media coverage in The Sun reignited public interest in the Take That archive, drawing particular attention to Falling for You Girl, an unreleased 1992 track identified through our rights acquisition. The Company continues to engage with Sony Music and the broader fan community to support efforts towards an official release, which the Company believes would generate significant media attention and commercial opportunity.

Take That remains one of the UK's most successful pop acts, with 28 Top 40 singles and 17 Top Five hits in the UK, including 12 Number One singles such as Back for Good and Greatest Day. The band has also achieved eight Number One albums on the UK Albums Chart. Internationally, they have secured 56 Number One singles and 39 Number One albums and have been recognised with eight BRIT Awards and an Ivor Novello Award.

The relaunch of The Great British Channel YouTube channel, supporting our expansion on what is now the biggest streaming service in the world, led to significant subscriber growth which surpassed 100,000. This strategic activity has contributed to a Group-wide total of 770,000 subscribers and over 4.5 million hours of watch time in the 12-month period to January 2025, reflecting a 23.6% increase year-on-year, contributing to marketability and revenue growth.

AI, creativity and catalogue enhancement strategy

Artificial Intelligence continues to generate significant discussion across the creative industries. While AI presents both opportunities and challenges, our position remains clear: AI is a powerful tool, but creativity, judgement and curation remain fundamentally human-led.

We are using AI as a day to day commercial tool to optimise our portfolio management and to maximise the way in which we manage our rights and, ultimately, derive royalties from them. AI improves efficiency and enables us to exploit opportunities to much greater effect. Our AI initiatives are designed to enhance our existing operations and are centred on human direction, taste and editorial control.

Under the leadership of our Creative and General Managers, our team is now actively engaged in transforming audio assets into visual experiences. This approach:

·      Focuses on creating authentic video and visual imagery

·      Preserves original recordings without alteration

·      Extends the commercial life and reach of catalogue assets

·      See the OMIP AI demo show reel: http://omip.co.uk/news/unlocking-the-full-potential-of-our-audio-and-video-library-with-ai/

We are already applying this methodology extensively within the Motorcity catalogue, where hundreds of newly created videos are being deployed using archive photography, historical references, and era-authentic visual design.

Preservation of the original assets is non-negotiable, and a key principle of our strategy is that all recordings remain untouched. Enhancements occur around the music, ensuring artistic integrity while improving modern discoverability.

The focus on video content creation is driven by the fact that streaming platforms increasingly favour visual engagement. Given that consumer playlists are now highly curated and often resistant to new entries, visual content represents a critical lever for revitalising both heritage and catalogue recordings. Video assets drive discovery and audience engagement; increase dwell time and shareability; provide stronger algorithmic signals; and support playlist penetration.

All of this contributes to enhanced royalties and revenues for the Group. Used under human creative supervision and with a priority placed on the preservation of the music we are custodians of AI has a defined and valuable role within the Company's growth strategy. Sustained value creation continues to depend on human-led creativity, curation and strategic judgement - principles that will always remain central to our approach.

Strategy and outlook

Long term valuation creation is at the centre of our strategy. We have a financially resilient company; a core focus following our repositioning; and an expert team that is experienced in maximising the potential of the incredible compositions in our portfolio.

The global recorded music market generated $29.6 billion in revenues in 2024, its tenth consecutive year of growth, with streaming now accounting for 69% of total revenues and surpassing $20 billion for the first time (IFPI Global Music Report 2025). While growth is moderating from prior peak rates, the rights-based nature of music revenue gives it a distinctly attractive profile for investors: royalties are recurring, inflation-linked through subscription price increases, and relatively uncorrelated with broader economic cycles.

Goldman Sachs maintains that the total global music market should nearly double from $104.9 billion today to $196.8 billion by 2035. Streaming subscriptions are forecast to grow from 752 million to 827 million in 2025 alone, and penetration in emerging markets sits at just 8% of the internet population, compared to 38% in developed markets, reflecting the magnitude of the opportunity.

For investors seeking durable, cash-generative exposure to a market with clear secular growth, music rights ownership presents a compelling long-term proposition.

With the major banks, research houses and industry trackers supporting a positive outlook for music; increasing waves of capital being allocated to music rights investment; and a clear institutionalisation of the asset class, One Media is well positioned because of the quality of the disciplined acquisition strategy we have stood firm to, and the resulting portfolio we preside over.

In the year ahead, our continued focus will be on applying our experience and expertise to this portfolio, driving revenue growth and unlocking further potential through the growing avenues available to us. Alongside this, from a corporate perspective, driven by the confidence we have in our portfolio, we continue to actively consider the options that are, or become, available to use to unlock greater scale and superior shareholder returns.

Michael Infante

Chief Executive and Founder

Consolidated Statement of Comprehensive Income

For the year ended 31 October 2025

			Year ended  31 October 2025		Year ended  31 October 2024
Continuing operations			£		£
Revenue			4,750,252		4,882,349
Distribution charges			(1,025,516)		(1,117,041)
Royalty costs			(367,458)		(396,382)
Other costs			(128,566)		(116,193)
Net revenue			3,228,712		3,252,733
Amortisation of catalogues			(840,373)		(833,526)
Administration expenses			(1,147,628)		(1,243,262)
Foreign exchange losses			(84,692)		(42,931)
Operating profit			1,156,019		1,133,014
Finance costs			(313,078)		(356,776)
Finance income			5,986		-
Profit on ordinary activities before taxation			848,927		776,238
Tax credit/(expense)			192,849		(198,410)
Profit for period attributable to equity shareholders and total comprehensive income for the year for continuing operations			1,041,776		577,828
Asset impairment from discontinued operations			-		(197,739)
Loss for the year from discontinued operations			(578,899)		(2,675,281)
Profit/(loss) for period attributable to equity shareholders and total comprehensive income for the year			462,877		(2,295,192)
Continuing operations -       Basic earnings per share			0.47p		0.26p
-       Diluted earnings per share			0.46p		0.22p

Discontinued operations -       Basic earnings per share			(0.26)p		(1.35)p
-       Diluted earnings per share			(0.26)p		(1.16)p

The Consolidated Statement of Comprehensive Income has been prepared on the basis that all operations are continuing activities.

Consolidated Statement of Changes in Equity

For the year ended 31 October 2025

	Share Capital	Share redemption reserve	Share premium	Share based payment reserve	Retained earnings	Total	Non-controlling interests	Total
	£	£	£	£	£	£	£	£
At 1 November 2023	1,112,231	239,546	9,484,577	428,207	3,924,178	15,188,739	(62,827)	15,125,912
Loss for the year	-	-	-	-	(2,266,326)	(2,266,326)	(28,866)	(2,295,192)
Dividends paid	-	-	-	-	(122,345)	(122,345)	-	(122,345)
At 1 November 2024	1,112,231	239,546	9,484,577	428,207	1,535,507	12,800,068	(91,693)	12,708,375
Share based payment adjustment	-	-	-	(53,680)	53,680	-	-	-
Profit for the year	-	-	-	-	371,184	371,184	91,693	462,877
Dividends paid	-	-	-	-	-	-	-	-
At 31 October 2025	1,112,231	239,546	9,484,577	374,527	1,960,371	13,171,252	-	13,171,252

     Consolidated Statement of Financial Position

At 31 October 2025

	Note		At 31 October 2025		At 31 October 2024
			£		£
Assets
Non-current assets
Intangible assets	9		11,606,242		12,338,934
Investments	10		627,982		-
Property, plant and equipment	11		40,437		43,960
			12,274,661		12,382,894
Current assets
Trade and other receivables	13		1,844,020		1,516,768
Assets held for sale	24		-		801,470
Cash and cash equivalents	14		791,207		415,865
Total current assets			2,635,227		2,734,103
Total assets			14,909,888		15,116,997
Liabilities
Current liabilities
Trade and other payables	15		979,517		1,187,164
Liabilities held for sale			-		84,468
Borrowings	22		380,000		380,000
Deferred tax	16		10,109		13,500
Total current liabilities			1,369,626		1,665,132
Non-current liabilities
Borrowings	22		369,010		743,490
Total non-current liabilities			369,010		743,490
Total liabilities			1,738,636		2,408,622
Equity
Called up share capital	17		1,112,231		1,112,231
Share redemption reserve			239,546		239,546
Share premium account			9,484,577		9,484,577
Share based payment reserve			374,527		428,207
Retained earnings			1,960,371		1,535,507
Capital and reserves attributable to equity holders of the Company			13,171,252		12,800,068
Non-controlling interests			-		(91,693)
Total equity			13,171,252		12,708,375
Total equity and liabilities			14,909,888		15,116,997

Consolidated and Company Cash Flow Statement

For the year ended 31 October 2025

	Year ended  31 October 2025 Group		Year ended  31 October 2024 Group		Year ended  31 October 2025 Company		Year ended  31 October 2024 Company
	£		£		£		£
Cash flows from operating activities
Operating profit/(loss) before tax	848,927		776,238		160,287		(565,512)
Amortisation	840,372		833,527		-		197,739
Depreciation	54,318		57,386		-		-
Share based payments	-		-		-		(25,726)
Finance costs	75,775		120,456		-		-
Finance Income	(5,986)		-		-		-
(Increase)/decrease in receivables	(327,251)		161,017		462,569		(98,416)
(Decrease)/increase in payables	(129,696)		(751,482)		85,959		33,788
Corporation tax paid	(178,793)		(176,248)		-		-
Loss from discontinued operations	(489,879)		(539,845)		-		-
Net operating cash flows used by discontinued operations	305,812		129,149		-		-
Net cash inflow/(outflow) from operating activities	993,599		610,198		708,815		(458,127)
Cash flows from investing activities
Investment in intellectual property rights - continuing	(107,680)		(245,989)		-		-
Investment in property, plant and equipment - continuing	(54,842)		(43,744)		-		-
Investment in intellectual property - discontinued	-		(527,188)		-		-
Investment in property, plant and equipment - discontinued	-		(2,932)		-		-
Net cash used in investing activities	(162,522)		(819,853)		-		-
Cash flows from financing activities
Finance cost paid	(81,255)		(121,100)		-		-
Loan notes repayment	(374,480)		(374,480)		(374,480)		(374,480)
Dividend paid	-		(122,345)		-		(122,345)
Net cash outflow from financing activities	(455,735)		(617,925)		(374,480)		(496,825)
Net change in cash and cash equivalents	375,342		(827,580)		334,335		(954,952)
Cash at the beginning of the year	415,865		1,243,445		95,893		1,050,845
Cash at the end of the year	791,207		415,865		430,228		95,893

Notes to the Preliminary Results

1.     Basis of preparation

The Company is a public limited company incorporated and domiciled in England under the Companies Act 2006. The Board has adopted and complied with International Financial Reporting Standards (IFRS) as adopted by the European Union. The Company's shares were admitted for trading on the AIM market of the London Stock Exchange on 18 April 2013.

2.     Discontinued operations

On 27 November 2024, TCAT Ltd, a subsidiary undertaking in the Group, was sold.

The loss relating to this subsidiary in the year was as follows:

Income statement		2025 £	2024 £
Revenue		-	267,534
Other costs		-	(80,168)
Amortisation		-	(182,519)
Administration expenses		-	(543,032)
Foreign exchange gains		-	(1,660)
Operating loss		-	(539,845)
Tax expense		-	-
Asset disposal / impairment		(578,899)	(2,135,436)
		-
Loss from discontinued operations		(578,899)	(2,675,281)

Cash flows generated by TCAT Ltd for the reporting periods under review was as follows:

				2025 £	2024 £
Operating activities				-	(410,696)
Investing activities				-	(530,119)
Financing activities				-	929,967
Cash flows from discontinued operations				-		(10,848)

3.     Geographical information

Revenue is the amount attributable to the Group's principal activity undertaken in the United Kingdom. The geographic split of Group revenue is as follows:

Revenue			Year ended  31 October 2025		Year ended  31 October 2024
			£		£
United Kingdom			367,305		404,815
North America & rest of world			3,806,123		3,829,792
Europe			576,824		647,742
			4,750,252		4,882,349

Included in revenues for the year ended 31 October 2025 it is estimated that £404,000 (2024: £493,000) is from its largest ultimate customer and £308,000 (2024: £311,000) from its second largest ultimate customer. Together these represent 15% (2024: 16%) of the total Group revenue for the year. In addition, the Company relies on a distribution aggregator (The Orchard) who channels approximately 50% (2024: 51%) of the Group's turnover.

4.   Taxation

			Year ended  31 October 2025		Year ended  31 October 2024
			£		£
Analysis of the charge for the year
Prior period adjustment			(404,710)		-
UK corporation tax charge			215,252		230,349
Deferred tax			(3,391)		(31,939)
			(192,849)		198,410

The standard rate of tax for the year, based on the UK standard rate of corporation tax is 25% (2024: 25%). The actual tax charge for the periods is different than the standard rate for the reasons set out in the following reconciliation:

Reconciliation of current tax charge			Year ended  31 October 2025		Year ended  31 October 2024
			£		£
Profit on ordinary activities before tax			848,927		776,238
Tax on profit on ordinary activities at 25% (2024: 25%)			212,232		194,060
Effects of:
Non-deductible expenses			2,266		4,232
Adjustments to tax charge in respect of previous periods			(39,329)		-
Prior year adjustment			(404,710)		-
Fixed asset timing differences			35,937		(14,435)
Depreciation in excess of capital allowances			755		14,553
Total tax charge			(192,849)		198,410

5.   Employee information

			Year ended  31 October 2025 £		Year ended  31 October 2024 £
Directors' emoluments - excluding applicable share option and pension charges			449,517		421,891
Fees paid to directors			95,047		111,959
Wages and salaries			189,996		202,507
Social security			68,132		63,298
Pension			22,884		31,824
			825,576		831,479

The average monthly number of Group employees (excluding non-executive directors) during the year was as follows:

			Year ended  31 October 2025		Year ended  31 October 2024 (as restated)
Technical, creative technicians and management			11		12

6.   Earnings per share

The weighted average number of shares in issue for the basic earnings per share calculations is 222,446,249 (2024: 222,446,249) and for the diluted earnings per share assuming the exercise of all warrants and share options is 224,496,249 (2024: 258,279,582).

The calculation of basic earnings per share for continuing operations is based on the profit for the period of £1,041,776 (2024: £577,828). Based on the weighted average number of shares in issue during the year of 222,446,249 (2024: 222,446,249) the basic earnings per share is 0.47p (2024: 0.26p). The diluted earnings per share is based on 224,496,249 shares (2024: 258,279,582) and is 0.46p (2024: 0.22p).

The calculation of basic earnings per share for discontinued operations is based on the loss for the period of £578,899 (2024: £2,993,020). Based on the weighted average number of shares in issue during the year of 222,446,249 (2024: 222,446,249) the basic earnings per share is (0.26)p (2024: (1.35)p). The diluted earnings per share is based on 224,496,249 shares (2024: 258,279,582) and is (0.26)p (2024: (1.16)p).

7.   Intangible assets - Group

						Licenses and other intangibles		TCAT		Total Intangible assets
						£		£		£
Cost
At 1 November 2023						17,277,062		3,035,388		20,312,450
Additions						245,989		527,188		773,177
Adjustments						(78,729)		-		(78,729)
Disposal						-		(2,709,064)		(2,709,064)
Reclassified to asset held for sale						-		(853,512)		(853,512)
At 31 October 2024						17,444,322		-		17,444,322
Additions						107,680		-		107,680
Adjustments						-		-		-
Disposals						-		-		-
Reclassified to asset held for sale						-		-		-
At 31 October 2025						17,552,002		-		17,552,002
Amortisation
At 1 November 2023						4,271,861		316,937		4,588,798
Charge for the year						833,527		182,519		1,016,046
Adjustments						-		244,885		244,885
Disposals						-		(744,341)		(744,341)
At 31 October 2024						5,105,388		-		5,105,388
Charge for the year						840,372		-		840,372
Disposals						-		-		-
Reclassified to asset held for sale						-		-		-
At 31 October 2025						5,945,760		-		5,945,760
Net book value
At 31 October 2025						11,606,242		-		11,606,242
At 31 October 2024						12,338,934		-		12,338,934

8.   Property, plant and equipment - Group

	Office equipment		Fixtures and fittings		Right of Use assets		Total
	£		£		£		£
Cost
At 1 November 2023	89,887		19,045		53,717		162,649
Additions	732		-		47,816		48,548
Reclassified to asset held for sale	(2,932)		-		-		(2,932)
Disposals	-		-		(44,684)		(44,684)
At 31 October 2024	87,687		19,045		56,849		163,581
Additions	587		-		50,208		50,795
Disposals	-		-		(56,849)		(56,849)
At 31 October 2025	88,274		19,045		50,208		157,527
Depreciation
At 1 November 2023	79,315		12,372		15,312		106,999
Charge for the year	5,799		2,583		49,983		58,365
Reclassified to asset held for sale	(1,059)		-		-		(1,059)
Disposals	-		-		(44,684)		(44,684)
At 31 October 2024	84,055		14,955		20,611		119,621
Charge for the year	2,943		2,584		48,791		54,318
Reclassified to asset held for sale	-		-		-		-
Disposals	-		-		(56,849)		(56,849)
At 31 October 2025	86,998		17,539		12,553		117,090
Net book value
At 31 October 2025	1,276		1,506		37,655		40,437
At 31 October 2024	3,632		4,090		36,238		43,960

Directors' responsibilities

The Annual Report, including the financial information contained therein, is the responsibility of, and was approved by the directors on 31 March 2026.

Availability of Report and Accounts

Copies of the Company's Report and Accounts will be posted to shareholders shortly. Copies of the Company's Report and Accounts will also be available at the registered office of the Company and can be viewed on the Company's website, www.omip.co.uk.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities.

 

END