UK's Bloomsbury Publishing rises on FY profit forecast

Bloomsbury Publishing

23/10/2025 09:47

** Shares of Bloomsbury Publishing BLPU.L up 8.9% at 531p

** The publisher, best known for picking up J.K. Rowling's Harry Potter series in 1997, forecasts full-year profit ahead of expectations; says second half started positively

** Co's revenue to be 335.9 mln pounds and profit before taxation (PBT) and highlighted items to be 41.6 mln pounds, as per consensus market expectations for year ending Feb 28, 2026

** Reports H1 group revenue of 159.5 million pounds ($214.1 million) vs 179.8 million pounds a year earlier

   ** PBT and highlighted items were 24 million pounds vs 26.6 million pounds a year ago

   ** "Company now expects FY26 PBT to be ahead of market expectations. On our initial estimate, we expect FY26E PBT to rise by c.5%–6%" - Peel Hunt

   ** Co raises interim dividend by 5% to 4.08p per share

   ** YTD, stock has risen 8.6%, including session's move

($1 = 0.7451 pounds)

 (Reporting by Khusbu Jena)

 ((Khusbu.Jena@thomsonreuters.com;))