UK's FDM Group 2025 revenue falls on client uncertainty

FDM (Holdings)

18/03/2026 07:12

Overview

UK IT talent solutions provider's preliminary 2025 revenue fell 31% but slightly beat analyst expectations

Adjusted operating profit and adjusted pretax profit for 2025 missed analyst consensus

Company cites challenging market conditions and client uncertainty as reasons for declines

Outlook

FDM Group says market conditions remain challenging but sees modest uptick in client activity

Company notes increasing client appetite for AI-enabled skills and is positioned to respond

FDM Group remains focused on returning to sustainable growth when market conditions permit

Result Drivers

CLIENT UNCERTAINTY - Co said persistent economic and geopolitical uncertainty undermined client confidence and lengthened decision cycles, reducing demand for consultants

HEADCOUNT ALIGNMENT - Co reduced consultant and internal staff headcount to match lower demand, incurring exceptional costs

REGIONAL IMPACTS - North America revenue fell sharply, partly due to a major client's restructuring, while EMEA saw higher undeployed consultant costs and an impairment charge

Company press release: ID:nRSR0461Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
GBP 177.70 mln
GBP 176.72 mln (5 Analysts)
FY Adjusted Operating Profit
Miss
GBP 13.60 mln
GBP 14.03 mln (4 Analysts)
FY Adjusted Pretax Profit
Miss
GBP 13.70 mln
GBP 14.06 mln (5 Analysts)
FY EBIT
GBP 7.50 mln
FY Pretax Profit
GBP 7.60 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for FDM Group (Holdings) PLC is GBp180.00, about 46.6% above its March 17 closing price of GBp122.80

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)