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RNS Number : 3789R  Future PLC  17 July 2025

17 July 2025

Future plc

Trading Update

 

Trading in line with expectations

 

Future plc (LSE: FUTR; "Future" or "the Group"), the global platform for
specialist media, today announces a trading update covering the third quarter
ended 30 June 2025.

 

Organic performance in the period has been as expected and we remain on track
to achieve market expectations for FY 2025(1).

 

In B2C, US advertising returned to growth with +5% year-on-year growth in Q3
and UK advertising performance continued to improve with (8)% year-on-year
decline in the quarter. We continue to optimise our sessions through
innovative products driving engagement with increased page views per session,
despite overall sessions being weaker in Q3. eCommerce affiliates revenues, as
expected, declined in Q3. Magazines revenues remained resilient and showed an
improvement on previous years' rate of decline.

 

After a standout Q3 2024, performance of Go.Compare has moderated, reflecting
the expected slow-down in the car insurance switching market.

 

B2B's performance in Q3 was as expected during the quarter showing an
improvement on H1 performance. The market in B2B remained mixed, with softness
continuing in enterprise technology offsetting good progress in other
verticals.

 

Alongside good progress executing on our strategy, the Group continues to
maintain its strong financial characteristics of attractive profit margin and
strong cash generation. The Board continuously reviews the Group's capital
allocation and on 16 May 2025 announced a further £55m share buyback
programme which will commence when the current programme, a £55m share
buyback announced on 5 December 2024, concludes which is expected to be
imminent.

 

On 4 July 2025, the Group announced its refinancing through the issuance of a
five-year £300m unsecured bond at competitive pricing, providing long-term
financing for the business that aligns with our capital allocation policy.

 

Kevin Li Ying, Chief Executive Officer, said: "We are pleased with our overall
performance in

the third quarter, which keeps us on track to deliver on expectations for the
full year. We remain mindful of the environment including ongoing search
changes and macroeconomic backdrop. As we set out at HY results, our focus is
on building the business for tomorrow whilst delivering on today and we look
forward to updating on our progress at full year results."

 

Future will host an investor webinar on 26 September 2025, focused on insight
into new product initiatives that support our strategy.

 

Future will announce its full-year results on 4 December 2025, covering the
Group's strategy and financial framework.

 

(1) Company-compiled consensus for FY 2025: Revenue of £744.9m (with a range
of £738.0m to £771.9m) and Adjusted Operating Profit of £206.2m (with a
range of £197.0m to £208.0m)

 

 

Enquiries

 

Future plc

Kevin Li Ying, Chief Executive Officer                +44
(0)1225 442244

Sharjeel Suleman, Chief Financial Officer

Marion Le Bot, Head of Investor Relations          +44(0)7775 641509

 

 

Media

Headland
           +44 (0) 20 3805 4822

Stephen Malthouse, Rob Walker

future@headlandconsultancy.com

 

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

 

About Future

We are the platform for creating and distributing trusted, specialist content,
to build engaged and valuable global communities. We operate c.200 brands in
diversified content verticals, with multiple market leading positions and
three core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine sale). Our
content is published and distributed through a range of formats including
websites, email newsletters, videos, magazines and live events. The successful
execution of our strategy is focused on three pillars: grow engaged audience,
diversify and grow revenue per user and optimise the portfolio.

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