REG - Facilities by ADF - Trading Update

Facilities by ADFAnnouncement

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RNS Number : 1693J  Facilities by ADF plc  27 November 2025

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inside information as stipulated under the retained EU law version of the
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. 

 

27 November 2025

 

Facilities by ADF plc

 

("Facilities by ADF", "ADF", the "Company" or the "Group")

 

Trading Update

Facilities by ADF, the leading provider of premium serviced production
facilities to the UK film and high-end television ("HETV") industry, provides
an update on trading in respect of the financial year ending 31 December 2025
("FY25").

 

The Group expects to report FY25 results broadly in line with market
expectations*.

 

During the second half of the year the Group has worked on a number of key
productions and expanded its activities outside of the HETV and Film Industry.
All three business units were involved with the latest seasons of the Witcher
for Netflix, Disney's Rivals and Apple's Slow Horses. Beyond HETV and Film,
Location One has experienced significant growth in their Commercials division,
recently supporting a prestige shoot for Prada, and Autotrak is supplying
ground protection for a number of major Christmas events.

 

As a consequence of the increase in activity levels, revenue and gross margin
increased in the second half. Actions have also been put in place to reduce
the cost base, including equipment decommissioning and disposals, property
mergers and, in limited instances, reductions in headcount. The Group expects
to report exceptional and one-off costs of approximately £1.7m for the year,
principally in relation to management changes, equipment disposals and the
unwinding of contingent consideration.

 

Unaudited Group cash balances at 31 October 2025 were approximately £1.7m,
with net debt of approximately £13.8m as at that same date (30 June 2025:
£13.2m). Debt balances principally relate to hire purchase contracts against
the hire fleet and all of the Group's debt is covenant free.

 

The Company's recruitment process to appoint a permanent CEO and CFO are each
at an advanced stage, and further announcements will be made in this regard
when appropriate.

 

Outlook

 

The Board currently anticipates that the market in FY26 will operate at
similar levels of activity to FY25. The actions implemented to-date to improve
efficiency, and continued progress in the integration of all Group companies
to, inter alia, place Group companies on common systems, should result in
further cost savings in FY26. As a consequence, the Board expects that FY26
results will be slightly ahead of FY25.

 

*Market expectations of revenues of £42.6 million and adjusted EBITDA of
£10.0 million for the year ending 31 December 2025 at the date of this
announcement.

 

For further enquiries:

 

 Facilities by ADF plc                                  via Alma

 Russell Down, Executive Chairman

 Cavendish Capital Markets (Nomad and Broker)           Tel: +44 (0)20 7220 0500

 Ben Jeynes / George Lawson - Corporate Finance

 Michael Johnson / Sunila de Silva  - Sales / ECM

 Alma Strategic Communications                          Tel: +44 (0)20 3405 0205

 Josh Royston                                           facilitiesbyadf@almastrategic.com (mailto:facilitiesbyadf@almastrategic.com)

 Hannah Campbell

 Sarah Peters

 

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