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Investing.com -- GlobalData PLC (LON:DATA), the data and technology company, on Tuesday reported a 12% increase in revenue to £156.5 million for the first half of 2025, with underlying growth of 1% as the company navigates its Growth Transformation Plan and macro-economic headwinds.
Operating profit declined 25% to £28.5 million compared to £37.8 million in the same period last year, impacted by acquisition and integration expenses.
Adjusted EBITDA fell 10% to £52.1 million, with margins contracting to 33% from 41% in the first half of 2024. The company’s shares rose 1.9% following the announcement.
"The first half of 2025 has been one of transition as we have embedded new ways of working to equip our sales teams to pivot to solutions-based selling," said Mike Danson, CEO of GlobalData.
"We are starting to see good signs of progress with momentum building in improved Contracted Forward Revenue and a pipeline of stronger expanding relationships."
The company reported strong cash flow with operating cash conversion at 127% of Adjusted EBITDA. Contracted Forward Revenue grew 10% to £157.4 million, with underlying growth of 3%, providing visibility for the remainder of the fiscal year.
GlobalData strengthened its product offerings with £34.5 million invested in two acquisitions: Ai Palette in March 2025 and Stylus in July 2025.
The company also announced plans to move to the Main Market listing in the fourth quarter of 2025 and will launch a tender offer of up to £60 million on August 5.
The interim dividend was reduced to 0.3p from 1.5p in the previous year, reflecting the previously announced dividend rebasing. Despite early challenges, management expects to return to normalized margins in the second half of the year.