UK's Facilities by ADF H1 loss widens on weak film, TV market, warns on FY26 results

Facilities by ADF

16/09/2026 07:16

Overview
UK production facilities provider's H1 revenue fell 4.6% amid weaker film and TV market
Pretax loss widened; Adjusted EBITDA dropped due to lower revenue and operational deleverage
Company expects FY26 results below current market expectations, no interim dividend declared

Outlook
Company expects FY26 results to be below current market expectations
Facilities by ADF expects H2 FY26 to be stronger, in line with prior years
Order book and pipeline for FY27 is 4.5% ahead of prior year at same point

Result Drivers
WEAK MARKET - Co said revenue decline reflected a 15.6% drop in UK film and HETV production spend
HIGHER COSTS - Margin dilution driven by increased people costs and higher fuel prices, per management
COST ACTIONS - Co said it launched further integration and cost-saving measures to improve efficiency

Company press release: ID:nRSP9077Ua

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 16.60 mln
 
H1 Adjusted EBITDA
 
GBP 1.70 mln
 
H1 Adjusted EBITDA Margin
 
10.20%
 
H1 Pretax Loss
 
GBP 3.30 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)