REG - Cavendish PLC - Half Year Trading Update: Profitable First Half

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RNS Number : 5064B  Cavendish PLC  01 October 2025

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Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
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now considered to be in the public domain. 

1 October 2025

Cavendish plc
("Cavendish" and together with its subsidiary undertakings, the "Group")

Half Year Trading Update

Profitable first half

Cavendish plc, a leading UK investment bank, today issues a trading update
in respect of the six-month period ended 30 September 2025.

Our continued profitability demonstrates the broad appeal of our service
offering and the efficiency of our platform.  Group revenue for the period is
expected to be about £28.0m versus £27.5m in the same period last year,
underpinned by continued equity issuance in the public markets and a steady
flow of private M&A mandates.

Cash balances of £19.8m at 30 September 2025 have increased 15%
year-on-year. Our strong balance sheet provides financial resilience for the
Group and allows us to build our business for the benefit of all our
stakeholders.

We have maintained our market leading position supporting the largest number
of AIM quoted companies and have added 8 clients across AIM and the full list,
through a mixture of IPOs and our competitive edge. The build out of our
regional presence in the UK continues (with the opening of our Birmingham
office in the period) and international distribution, particularly as a member
of the Oaklins network, remains a competitive advantage.

Across our business we act for and advise small and mid-sized companies at all
stages of their life cycle. Due to the multi-faceted nature of our business we
are fortunate to be able to offer a wide array of solutions for our clients
giving them tailor made outcomes.

Outlook

We have a solid pipeline of both public and private transactions including
potential IPOs and ongoing public M&A activity.

There continue to be encouraging signs that sentiment to UK equites may slowly
be improving. In the period the FTSE 100 reached all-time highs and since the
reversal of the 'Trump tariffs' the UK has been one of the best performing
global equity markets. Anecdotal evidence of increased asset allocation from
global investors to the UK initially into the largest and most liquid
companies is consistent with the relative strength of the FTSE 100. However,
this has yet to trickle down to small and mid-cap equities, despite very
attractive valuations.

While some fiscal uncertainty ahead of the November Budget is tempering market
sentiment, the board believes that the Group is well positioned to deliver an
encouraging close to the financial year, particularly if inflationary
pressures ease and monetary policy becomes more supportive

 

Contacts

Cavendish (Management)
        Tel: +44 (0) 20 7220 0500

Julian Morse, Co-Chief Executive
Officer
investor.relations@cavendish.com

John Farrugia, Co-Chief Executive Officer

Ben Procter, Chief Financial Officer

 

Spark Advisory Partners (Nominated Adviser)           Tel: +44 (0) 203
368 3550

Matt Davis

 

Cavendish (Broker)
                 Tel: +44 (0) 20 7220 0500

Matt Lewis/Tim Redfern

 

Hudson Sandler (PR adviser)
          Tel: +44 (0) 20 7796 4133

Dan de Belder/Rebekah Chapman

 

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