IT infrastructure specialist Softcat has reported another year of record results, achieving its 20th consecutive year of double-digit gross profit growth.
The Buckinghamshire-based FTSE 250 constituent also completed its first-ever acquisition this financial year as it continues to scale its operations and expand its technology offering.
For the 12 months to 31 July 2025, gross invoiced income rose 26.8% to £3.6 billion, while gross profit increased 18.3% to £494.3 million.
Underlying operating profit grew 16.9% to £180.1m, with statutory operating profit up 12.2% to £172.9m.
The company also maintained strong cash conversion at 95.6%, ending the year with £182.3 million in net cash.
Softcat’s results were boosted by large-scale technology projects and continued investment in IT, digital systems and infrastructure.
The business completed its first acquisition, buying data and AI consultancy Oakland to strengthen its capabilities in automation, analytics and AI.
“I’m very pleased to report another record performance for Softcat, which marks a milestone achievement of 20 consecutive years of double-digit gross profit growth,” said Softcat CEO, Graham Charlton.
“The strength of our business model and our consistent strategic execution underpin our continuing ability to scale and invest for future growth.
“Our outstanding performance in FY2025 and the sustainability of our growth model are a tribute to our special culture and the ongoing evolution of our offering.
“We have never been in a better position to address the increasingly complex needs of customers, who are adapting to rapid developments across all facets of their technology.
“During the year, we completed our first acquisition, bolstering our data, automation and AI capabilities in an exciting growth segment. And we have once again proven our ability to deliver larger and more complex solutions projects, an area we have been investing in for a number of years.”
Over the last twelve months, the business has seen its shares rise 6.3% to 1,635p, including a rise of 67p today. Its market cap is currently £3.27bn.
Looking ahead, the company said it remains well positioned to continue growing by capturing additional market share in the UK’s expanding IT sector.
For FY2026, Softcat expects low double-digit gross profit growth and high single-digit underlying operating profit growth, with earnings expected to be weighted toward the first half of the financial year due to the phasing of major projects.