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Everyman Media’s first-half boosted by higher ticket sales and prices

ALN

Everyman Media Group PLC on Monday said it is currently trading in line with expectations for the full financial year despite a ‘challenging economic environment.’

The London-based firm is the fourth largest cinema business in the UK by number of venues and has 48 sites across the country.

In the 26 weeks to July 3, Everyman Media said revenue was £56.5 million, up 21% from £46.9 million a year prior.

Earnings before interest, tax, depreciation and amortisation climbed 33% to £8.2 million from £6.2 million.

Shares in the company rose 6.5% to 43.66 pence each in London on Monday morning.

Chief Executive Officer Alex Scrimgeour, said: ‘Our performance in H1 reflects the successful execution of our strategy, with growth across all key metrics.’

‘We look forward to building on this momentum in the second half of the year,’ Scrimgeour added.

The firm said admissions increased 15% to 2.2 million from 1.9 million a year ago, with paid-for average ticket price of £12.46 up 6.0% from £11.76.

Food and beverage spend per head rose 5.9% to £11.09 from £10.47.

Net debt of £24.2 million, was down 6.2% from £25.8 million a year ago, with net debt repayments from operational cash flow expected in the second half of 2025.

Everyman Media will report results for the 26 weeks ended July 3 on September 24.

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