RWS Holdings AIM:RWS
- Founded
- 1958 · Chalfont St Peter, England
- Incorporated
- United Kingdom
- Chief executive
- Benjamin Faes
- Employees
- 10,003
- Reports in
- GBP
- Companies House
- 03002645
Language services and technology group providing technical and intellectual property translation, localisation, and AI data services including training data and linguistic AI products (Language Weaver, Trados). Serves most of the world's top patent filers and technology companies; navigating the disruption and opportunity of machine translation.
Read straight from the annual reports
139p at close on 2 Oct 2026 · 11 reported years, 2015–2025
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GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
11 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Language Services localisation across automotive, consumer, tech, travel and telecoms verticals
£326.7m revenue (47% of Group), flat reported, +3% OCC, driven by TrainAI data solutions and APAC growth
page 18IP Services patent filing, search and renewals
£96.5m revenue (14% of Group), flat OCC; strategic growth in patent renewals offset Eurofile grant-rate declines
page 20Gross margin compression from mix shift to TrainAI and lower-margin services plus FX headwind
Gross margin fell to 43.4% (FY24: 46.9%); gross profit down £37.2m to £299.3m
page 39Second-half overhead cost reduction / transformation programme
Material overhead cost reductions delivered in H2 FY25; restructuring costs of £18.8m in severance to reduce cost base, expected to conclude FY26
page 38£88.0m charge: Goodwill and intangible impairment (Regulated Industries and Language Services CGUs)
page 117In the medium-term RWS expects Group OCC revenue growth to accelerate: Generate mid-teens digit growth, Transform low-to-mid single digit decline pivoting to tech-first offering, Protect mid-single digit growth; gross margin to expand c.150bps and adjusted operating margin c.100bps; FCF conversion normalising to c.65%.
page 23Subsequent to year end, the Group refinanced its revolving credit facility, increasing available commitment from US$220m to US$285m and extending maturity to October 2029; principal banking relationship transitioned to HSBC. No other significant post balance sheet events
page 145Final dividend of 4.6p proposed (FY24: 10.0p) plus 2.45p interim, total 7.05p for FY25 (FY24: 12.45p), a 43% decrease; Board is deliberately rebasing the dividend to align shareholder returns with sustainable profit performance and fund the AI/M&A strategy, and intends to resume a progressive dividend policy from the rebased level. Final dividend payable 20 February 2026 to shareholders on register 16 January 2026
page 9Financial statements prepared on a going concern basis; Directors assessed an 18-month period to 31 March 2027 including a 20% gross margin downside scenario, concluding sufficient covenant/liquidity headroom (EBITDA would need to fall >56% to breach net leverage covenant, >54% to breach interest cover). Net debt at year end £47.9m including leases; RCF refinanced post year-end from US$220m to US$285m maturing October 2029. Auditor is Ernst & Young LLP (appointed 2021, recommended for re-appointment at 2026 AGM); total audit fees £2.0m (£1.3m Group audit, £0.7m subsidiary audits)
page 109- Failure to attract, engage, retain, incentivise and develop key talentp.42
- Failure to simplify the business and operations (complexity from historic M&A integration)p.42
- Technology and AI risk (failure to adopt AI-enabled processes at market speed)p.43
- TrainAI business model risk (scaling AI data services and associated compliance obligations)p.43
Read from C001124-AR-2025-ch.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10)
FY2026Next report expected 18 Dec 2026