REG - Begbies Traynor Grp - Half-year trading update

Begbies TraynorAnnouncement

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RNS Number : 2652I  Begbies Traynor Group PLC  20 November 2025

20 November 2025

Begbies Traynor Group plc

Half-year trading update

Notice of half year results

Good first half performance driven by organic growth

Confident of delivering full year expectations

Begbies Traynor Group plc (the 'company' or the 'group'), the financial and
real estate advisory firm, announces an update on trading for the six months
ended 31 October 2025.

Financial highlights

·      Good financial performance with organic growth driving increased
revenue and profits

o  Revenue increased by c.7% and adjusted profit before tax increased by c.5%

o  Operating margins reduced due to increased employer national insurance
costs of £0.7m in the period

o  Net debt at 31 October 2025 of £5.7m after acquisition earn out payments
of £3.8m, share buy-backs of £1.2m and dividends of £2.2m (30 April 2025:
net cash of £0.9m, 31 October 2024: net debt of £3.8m)

·      Confident of delivering market expectations* for the full year to
30 April 2026, which will extend our financial track record of profitably
growing the business

Operational highlights

·      Restructuring and financial advisory - revenue growth of c.8%,
profits in line with prior year

o  Restructuring: double digit organic growth with maintained margins, driven
by positive levels of new instructions across our larger team, reflecting
continued favourable market conditions

o  Financial advisory: reduced revenue (compared to a strong comparative
period) with a resultant impact on margins, due to the challenging
macroeconomic environment which has delayed a number of deal completions,
alongside investment in organic hires, both of which we anticipate will
benefit H2

·      Property advisory - revenue growth of c.7% and profit growth of
c.25%

o  Valuations and asset advisory: robust activity levels with improved
margins benefiting from process improvements and efficiencies

o  Asset sales: resilient performance supported by property auction volumes
despite macroeconomic uncertainty

o  Consultancy: strong performance reflecting benefits of prior year organic
investments and demand from key markets (sustainability, education and
transport planning)

Half year results

The group will report its half year results for the six months ended 31
October 2025 on Tuesday 9 December 2025. There will be an in-person
presentation and conference call for analysts at 9.30am, hosted by Ric
Traynor, Executive Chairman; Mark Fry, CEO; and Nick Taylor, CFO.

Please contact begbies@mhpgroup.com if you would like to receive details.

* current range of analyst forecasts for adjusted PBT of £23.7m-£24.9m (as
compiled by the group)

Ric Traynor, Executive Chairman of Begbies Traynor Group plc, commented:

"We are pleased to report a good first half performance with organic growth
driving increased revenue and profits. Our new leadership structure, which we
implemented in September, with Mark Fry stepping up to become CEO, is
operating as expected, managing our enlarged business on a day-to-day basis
and developing and executing our growth strategy. We have an attractive
pipeline of acquisition and organic investment opportunities giving us further
confidence of continuing our track record of growth in the current financial
year and beyond."

Mark Fry, CEO of Begbies Traynor Group plc, commented:

"Restructuring and property advisory both performed well in the first half,
with financial advisory finding market conditions more challenging ahead of
the UK Budget. To fulfil our growth ambitions, we are continuing to invest in
organic development, alongside our acquisition initiatives, through the
recruitment of senior fee earners, the full benefit of which is expected in
the second half and thereafter. Overall, we are confident of delivering market
expectations* for the full year, which will further extend our financial track
record of profitably growing the business."

 

Enquiries please contact:

 

Begbies Traynor Group plc
                             0161 837 1700

Ric Traynor - Executive Chairman

Mark Fry - CEO

Nick Taylor - CFO

 

Canaccord Genuity Limited
                               020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James / Harry Pardoe

 

Shore Capital
                                             020
7408 4090

(Joint Broker)

Mark Percy / James Thomas / Oliver Jackson

 

MHP
 
          07595 461 231

Reg Hoare / Katie Hunt  / Charles Hirst
                         begbies@mhpgroup.com
(mailto:begbies@mhpgroup.com)

 

Information on Begbies Traynor Group can be accessed via the group's website
at

ir.begbies-traynorgroup.com

 

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