Investors

Why JTC?

Expert Entrepreneurial Management

130 +

We are a professional services business operating on a global scale in a highly regulated environment. The quality and experience of our management team is second to none. Our team has 130+ years of combined experience.

Designed for Growth

10 %+

We aim to generate approximately one third of our growth organically and two thirds through acquisitions. Net organic revenue growth is targeted at 10%+ p.a.

Highly Visible Recurring Revenue & Strong Cash Conversion

85 -90%

Average client lifespan stands at 14.8 years and cash conversion is expected to be 85% – 90% p.a.

Demand Created by Long-Term Market Trends

26.0 % CAGR*

Regulation, growing propensity to outsource, technology, sector consolidation, globalisation and sustainability all act as sector tailwinds. *Revenue CAGR over the last 10 years.

Acquisitions completed

Our approach to M&A has been refined and proven for well over a decade. We follow a disciplined approach based on efficient capital allocation to ensure long term value creation for all stakeholders.

Offices across the globe

We have a well-invested scalable global platform. Ongoing investment in the best people, technology and operational infrastructure creates a stable platform that can easily and quickly scale, both organically and through M&A.

Well Diversified Global Client Base

14,000 +

We are well balanced between our two Divisions and three core service lines, with the Commercial Office as a central catalyst for innovation and organic growth.

Regulatory Engagements

We have strong risk and compliance management. Governance sits at the heart of our business and we are proud of our exemplary track record. We've recorded 76 regulatory engagements across all JTC jurisdictions in 2024.

Our Long Term Track Record

Through our 37-year history of strong performance, we’ve combined organic and inorganic strategies to deliver consistent revenue and profitability growth. We take a long term view.

See our financial results

24.8 %

Revenue CAGR Last 10 Years

14.4 %

Net Organic Growth

Three-year LTM average

13.2 %

Inorganic Growth

Three-year LTM average

19.7 %

Share Price CAGR Last 6 Years

As at October 2024

2024 Financial Highlights

For the period 1 January – 31 December 2024

Revenue

£ 305.4 m

+18.6%

2023: £257.4

Net Organic Revenue Growth

11.3 %

-8.6pp

2023: 19.9%

Profit Before Tax

£ 47.4 m

+17.1%

2023: £40.5m

Underlying EDITDA

£ 101.7 m

+18.4%

2023: £85.9m

New Business Wins

£ 35.7 m

+15.9%

2023: £30.8m

Underlying Earnings Per Share*

41.80 p

+12.1%

2023: 37.30p

*Average shares (thousands) for 2024: 163,308

Lifetime Value Won

£ 492.0 m

+16.8%

2023: £421.1m

Underlying EBITDA Margin

33.3 %

2023: 33.4%

Dividend Per Share

12.54 p

+12.3%

2023: 11.7p

Accelerating Together

We run JTC using multi-year business plans that we call eras. They are named for clear identity to support communication, strategic alignment and goal setting across the Group. Each era represents a step-change in growth, innovation and market presence. This forward-thinking strategy ensures that we remain resilient, adaptable and aligned with our long term goals.

More about our strategy

Odyssey

2018 – 2020

Galaxy

2021 – 2023

Cosmos

2024 – c.2027

2018 – 2020

Odyssey

When we listed in 2018, we commenced the Odyssey era and doubled the business, in terms of revenue and underlying EBITDA, within three years, becoming a FTSE 250 business along the way.

Shared Ownership for 100% of our people

2021 – 2023

Galaxy

In 2021 we began the Galaxy era, where we again aimed to double the size of the Group. As the business scaled, we created the Group Commercial Office, which sits between and supports both Divisions, driving innovation and bringing new services to market in a way that is complementary to our disciplined growth.

Increasing M&A Capabilities

Established US Platform

Commercial Office/Innovation

Shared Ownership for 100% of Our People

2024 – c.2027

Cosmos

Having completed the Galaxy era by the end of 2023, some two years early, in January 2024 we embarked on the Cosmos era, where we aim to double the business for the third time since IPO. Despite the increased size of the Group we believe that this can be achieved within a three to four year timeframe. Given our strong organic growth performance, we will be seeking to maximise the organic contribution during the Cosmos era, while at the same time ensuring that we capture the inorganic opportunities that best fit our platform and long-term goals, as they arise.

Increasing M&A Capabilities

Established US Platform

Commercial Office/Innovation

Shared Ownership for 100% of Our People

Global Brand

“

As owners of the business, we all remain extremely ambitious for the Group’s long term success and are confident that we are well on track with our Cosmos era goals.

Nigel Le QuesneJTC CEO

JTC Shared Ownership

People Are Central to JTC

Shared ownership is central to JTC’s culture and success. Since 1998, our Employee Benefit Trust has aligned employee and shareholder interests and generated over £450m of total value for employee owners. This model empowers our people, supports our client-first approach and drives exceptional results.

Our programme is the subject of a Harvard Business School MBA case study.

Shared Ownership About us