UK’s Ebiquity reports 10% growth in adjusted operating profit

LONDON - Media investment analysis firm Ebiquity PLC (LSE:EBQ) reported a 10% year-on-year increase in adjusted operating profit for the first half of 2025, according to a trading update released Wednesday.

The company said adjusted operating profit reached approximately £2.6 million in the six months ended June 30, up from £2.3 million in the same period last year. The adjusted operating margin improved to 6.8% from 6.2% a year earlier.

Group revenue remained flat at £37.9 million compared to the first half of 2024, though it increased by 1% on a constant currency basis. Excluding North America, the company delivered revenue growth of 5% compared to the prior year, or 6% on a constant currency basis.

Ebiquity reported growth across its UK & Ireland and Continental Europe operations, with particularly strong performance in its Contract Compliance service line. However, the company’s North American business was "significantly impacted" by challenging market conditions and economic uncertainty affecting client spending.

The company promoted Michele Harrison to Managing Director, Americas in June to drive regional growth and capitalize on emerging opportunities in North America.

Net debt as of June 30 stood at £15.0 million, down from £15.6 million at the end of December 2024. Cash balances were £8.9 million, excluding restricted cash, with undrawn facilities of £11.0 million.

Ebiquity expects the current financial year to follow its historical pattern of being second-half weighted, with full-year trading anticipated to be in line with market expectations, according to the press release.

The company plans to publish its interim results for the first half of 2025 on September 29.

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