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All Things Considered makes revenue gain, but costs hit bottom line

ALN

All Things Considered Group PLC on Friday said trading remains in line with expectations, as it reported a weakening of profitability.

All Things Considered is a London-based music talent management, live booking and merchandising firm.

The company said its pretax loss widened to £2.4 million in the six months that ended June 30, from £1.3 million a year earlier.

Revenue however improved 13% to £22.1 million from £19.6 million, driven by growth in Artist representation.

Artist representation revenue grew 36% to £5.1 million from £3.7 million, while Services remained stable at £15.4 million.

Live Events and Experiences multiplied to £1.4 million from £447,000, and Rights recorded £62,000 in revenue, up from nothing.

The widened loss amid the improved revenue is owed to increased costs, as administrative expenses rose 39% to £8.3 million from £6.0 million.

Depreciation, amortisation and impairment charges further hampered the bottom line, rising 50% to £880,000 from £587,000.

All Things Considered hailed the top line gains as ‘solid’, ‘despite strong comparators in the prior year, when a number of our major acts were in their touring cycles.’

‘Despite the loss recorded in the first half, revenue grew year-on-year, partly driven by acquisitions, and overall performance remains in line with expectations,’ said Chief Financial Officer Deborah Lovegrove.

Shares in the company were quoted flat at 95.00 pence on Friday morning on London’s Aquis Exchange.

Looking ahead, All Things Considered expects a ‘strong’ performance in the second half of the year, ‘aligned with the typical second-half weighting of the business.’

‘The structural growth drivers in our market remain strong, and the board and I are increasingly confident in the outlook for 2025 and beyond. We are pleased to report a strong revenue growth in the first half, with positive trading momentum and strategic progress aligned with our vision of building a full-service, artist first music business,’ said Chief Executive Adam Driscoll.

‘The second half of the year is progressing well and we are energised by the opportunities ahead and encouraged by the progress made to date. With strong momentum, a focused management team with a clear strategy, and a robust financial position, the group is well positioned to deliver sustained, long-term growth and continue creating meaningful value for artists, fans and stakeholders,’ Driscoll continued.

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