REG - BTG Consulting PLC - Year End Trading Update

BTG ConsultingAnnouncement

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RNS Number : 1534F  BTG Consulting PLC  21 May 2026

21 May 2026

BTG Consulting plc

 

Year end trading update & notice of full year results

 

Full year results expected to be above the top end of market expectations

 

BTG Consulting plc (the 'group'), the financial and real estate advisory firm,
announces an update on trading for its financial year ended 30 April 2026.

 

Financial highlights

 

The group expects its results* for the year to be above the top end of market
expectations**:

 

·    Revenue of c.£169m (2025: £153.7m) - increase of c.10% (c.8%
organic)

·    Adjusted EBITDA of c.£33.3m (2025: £31.7m) - increase of c.5%

·    Adjusted PBT of c.£25.0m (2025: £23.5m) - increase of c.6%

·    Net debt of £1.0m (2025: net cash of £0.9m) - after acquisition
payments

 

This performance reflects the continued growth across the group's service
lines, and the breadth of its advisory services.

 

Operating highlights

 

The restructuring team delivered another strong year, with continued organic
growth and strong activity levels across both new and ongoing engagements. The
group has strengthened its market position, retaining its ranking as number
one by volume of UK corporate appointments and second nationally for
administrations.

 

We increased our number of administration appointments in the year, including
notable engagements such as the administration and subsequent sale of
Sheffield Wednesday FC, alongside activity undertaken in relation to the
Market Financial Solutions (MFS) group.

 

The real estate advisory businesses delivered a strong performance, building
on prior year investment and benefiting from demand across valuations,
building consultancy and planning. The group's property auctions platform
continued to perform well, providing a reliable flow of instructions and
reinforcing the resilience of earnings across the cycle.

 

The financial advisory team benefitted from completions of corporate finance
transactions in the second half, albeit the transactional advisory market
remains influenced by the macroeconomic environment, as anticipated. The group
has continued to complete a solid level of instructions throughout the year,
driven by the breadth of the group's advisory services.

 

Financial position and capital allocation

 

The group remains in a robust financial position. At 30 April 2026, the group
had net debt of £1.0m (2025: net cash of £0.9m) after investing c.£8.1m in
acquisitions and earn outs, utilising c.£1.2m for share buybacks to offset
dilution and paying c.£6.9m in dividends during the year.

 

This disciplined capital allocation reflects the group's continued investment
in its service offering alongside a progressive shareholder return policy.

 

As reported during the year, the group completed two acquisitions to enhance
our real estate advisory offering: Kirkby Diamond, extending geographic
coverage, and Network Auctions expanding the auctions platform in the south
east.  Both businesses have integrated well and strengthen the group's
platform for growth.

 

Outlook

 

We start the new financial year with an increased pipeline of restructuring
engagements and continued activity across our advisory businesses. A backdrop
of increased macroeconomic uncertainty is expected to continue to drive demand
for our restructuring and advisory services.

 

The group's diversified mix of advisory services, combined with ongoing
investment in its people and platform, positions it well to deliver further
growth, supporting continued progress against its medium-term growth
objectives and extending its track record of profitable growth.

 

Notice of results

 

The group will report its final results for the year ended 30 April 2026 on
Monday 6 July 2026. There will be an in-person presentation and conference
call for analysts at 9.00am, hosted by Ric Traynor, Executive Chairman; Mark
Fry, CEO; and Nick Taylor, CFO.

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

 

*        All numbers in this statement are subject to audit

**     Market expectations (as compiled by the group): revenue of
£165.0m-£167.3m (consensus £166.1m), adjusted EBITDA of £31.2m-£32.5m
(consensus £32.0m), adjusted PBT of £23.7m-£24.4m (consensus £24.1m), net
debt of £1.0m-£3.0m (consensus £1.7m)

 

Mark Fry, CEO of BTG Consulting plc, commented:

 

"The group has delivered a strong performance for the year, with results
expected to be above the top end of market expectations and another record for
the business. This reflects growth across our core service lines, underpinned
by the breadth of our advisory services and the resilience of our model across
market conditions.

 

"We expect a backdrop of increased macroeconomic uncertainty to continue to
drive demand across our restructuring and advisory services, and we enter the
new financial year with an increased pipeline of instructions. We remain
focused on delivering further growth through continued investment in our
people and service offering."

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. Upon publication of this
announcement, this inside information is now considered to be in the public
domain. The person responsible for arranging the release of this announcement
on behalf of BTG Consulting plc is Nick Taylor, its Chief Financial Officer.

 

Enquiries please contact:

 

BTG Consulting 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)

Emma Gabriel / Harry Pardoe

 

Shore Capital
                                             020
7408 4090

(Joint Broker)

Mark Percy / Oliver Jackson / James Thomas

 

MHP Communications
                                  07595 461 231

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

 

Information on BTG Consulting plc can be accessed via the group's website at
www.btguk.com

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