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Zinc Media Group PLC on Thursday reported a narrowed loss during the first half of 2025, and touted its ‘excellent position’ to deliver on medium-term growth targets. The London-based television production group said its pretax loss for the six months that ended June 30 was £590,000, narrowed from a restated £1.9 million loss the year before. Revenue jumped 72% to £22.9 million from £13.3 million a year earlier, driven largely by its television business and boosted by nine projects within the first half, each with an order value of more than £1 million and averaging £2.3 million each. Operating expenses increased 26% to £8.8 million from £7.0 million. Adjusted earnings before interest, tax, depreciation and amortisation for the six-month period was £906,000, swung from a £656,00 loss a year prior. ‘We have expanded into new genres and territories, delivered projects of unprecedented scale for our business, and earned international recognition for our work. Looking ahead, £38 million of revenue is already secured for recognition in FY25 with a further £4 million at a highly advanced stage in our pipeline for this year,’ said Chief Executive Officer Mark Browning. At the same time a year prior, Zinc Media had secured around £31 million in revenue for recognition in 2024. Browning continued: ‘Our H1 performance reflects the success and impact of the transformation plan we initiated in 2020 and is being powered by some of our biggest ever contract wins ever and most talked about TV programmes in the world. The strategic progress made in the period also strengthens the deliverability of our medium-term targets of £50 million revenue and £5 million Ebitda.’ Zinc Media added it was in an ‘excellent’ position to deliver 33% revenue growth for the full year. Shares in Zinc Media were down 2.3% at 65.00 pence in London on Thursday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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