Corporate and Management Consulting – Overview

Paul Pugh

Mason Advisory Chief Executive

Management Consulting comprises Mason Advisory Limited while the Corporate segment includes the net operating costs of the Datatec head office entities.

A simple approach to complex problems: Mason Advisory is an IT consultancy that does things differently. Helping clients solve complex business challenges through intelligent use of IT, Mason Advisory assists their clients in setting their strategy and then delivering on those decisions.

The Corporate segment includes Group head office companies, including the ultimate Logicalis holding company, Logicalis Group Limited and its associated costs, the consolidated results of Kumulus (Brazil), and Group consolidation adjustments.

Mason Advisory overview

Mason Advisory is an award-winning digital and technology consultancy that offers something a bit different from the traditional consultancy model: its clients have access to experienced teams where every member can quickly add value to an assignment. Its team has an established track record of delivering lasting change for clients across financial services, enterprises, public sector and emergency services.

Mason Advisory’s ambition is to be one of the UK’s leading independent management consultancies, enabling organisations to deliver business value through digital and technology transformation. It is committed to giving back to the community, operating responsibly and attracting developing and retaining top talent to support its continued growth and impact.

Current year performance

EcoVadis assessment undertaken for the first time in Mason Advisory, achieving score of 56

Mason Advisory achieved "Great Place to Work" for the fifth year running

Mason Advisory’s FY25 carbon footprint measured and offset

Launch of learning and development offering in Mason Advisory

Launch of Mason Advisory’s "Early Careers Academy" to a broad range of applicants: a fully immersive fast-track programme with no experience or degree required to apply, with neuro-inclusive recruitment practices

Mason Advisory charitable donations made in the form of funds (US$1 750), equipment and clothing to five local charities

Mason Advisory received the "Silver Investors in Diversity" award, and in "Top 100 Inclusive UK Employers"

ZAR10.0 million contributed by the Datatec Foundation to education programmes in South Africa

Datatec Ltd maintained MSCI ESG rating of AA: Leader

Improved BBBEE rating in Datatec – Level 3

Financial performance

Management Consulting

Mason Advisory Limited generated revenue of US$37.1 million (three-month consolidated results for FY24: US$9.6 million) and EBITDA of US$2.8 million in FY25 (three-month consolidated results for FY24: US$1.2 million). As at 28 February 2025, Mason Advisory Limited had net cash of US$3.9 million (FY24: US$2.8 million).

Corporate

The Corporate segment includes the net operating costs of the Datatec head office entities. Excluding Kumulus, the net operating costs were US$26.4 million (FY24: US$22.6 million), including share-based payment charges of US$5.6 million (FY24: US$6.3 million) and US$1.0 million restructuring costs. Corporate costs include the remuneration of the Board and head office staff, share-based payments, as well as consulting fees and audit fees. In FY25, net foreign exchange losses were US$0.3 million (FY24: US$0.6 million net foreign exchange gains).

As at 28 February 2025, Datatec head office entities held cash of US$41.2 million (FY24: US$40.0 million) of which US$1.4 million (FY24: US$10.5 million) is held in South Africa and subject to the South African Reserve Bank regulations.

In April 2024, Logicalis Group Limited purchased 7.04% of Kumulus from the minority shareholders. As the Group owns 68.4% of Promon Logicalis Latin America Limited, this resulted in a current effective shareholding in Kumulus of 67.4%. The Group has consolidated the results of Kumulus from the acquisition date in the current period as part of the Corporate and Management Consulting segment. Revenue of US$2.2 million, net operating costs of US$2.2 million and an EBITDA loss of US$0.8 million has been consolidated from this acquisition in the current year.