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Brave Bison Group PLC on Tuesday announced jumps in revenue and adjusted earnings for the full year. The London-based advertising and communications agency reported net revenue of ‘not less than’ £33.5 million for 2025, up 57% from £21.3 million the year before and ahead of consensus expectations. Adjusted earnings before interest, tax, depreciation and amortisation increased 44% on-year to at least £6.5 million from £4.5 million. Adjusted pretax profit rose 41% to £5.5 million from £3.9 million. Both figures also surpassed consensus estimates. Brave Bison said that immediately prior to the announcement, consensus expectations for the year were for net revenue of £31.5 million, adjusted Ebitda of £6.1 million, and adjusted pretax profit of £5.2 million. Net cash decreased 42% to £4.3 million as of December 31 from £7.5 million one year prior. However, this was still ‘significantly ahead of consensus expectations’, which included net debt of £3.6 million, ‘following strong Q4 trading and an improved working capital position which is expected to partially unwind over the first half of 2026.’ Brave Bison said that, due to strong trading in the second half of 2025, it expects to repay all outstanding bank debt before the end of this year. This includes debt facilities drawn to fund acquisitions completed in the second half, and the company intends to use excess free cash flow to fund dividend payments and further expectations. Brave Bison is ‘comfortable’ with consensus expectations for 2026, which include net revenue increasing to £45 million and adjusted Ebitda to £9.4 million. Also, it noted that it expects revenue and profit to be ‘more heavily weighted to the second half of each year than has historically been the case’, due to the timing of courses on its MiniMBA platform. Shares in Brave Bison traded 4.1% higher at 72.60 pence on Tuesday in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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