REG - Future PLC - Trading Update

FutureAnnouncement

Today 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260205:nRSE7789Ra&default-theme=true

RNS Number : 7789R  Future PLC  05 February 2026

5 February 2026

Future plc

Trading Update

 

 

Future plc (LSE: FUTR; "Future" or "the Group"), the global platform for
specialist media, today announces a trading update covering the four-month
period ended 31 January 2026.

 

Overall Group performance in the first four months has been broadly as
expected with the Group on track to achieve market expectations for FY 2026(1)
and performance expected to be H2 weighted as previously outlined.

 

In B2C, the improvement we drove in direct digital advertising revenue in both
the UK and the US in H2 2025 has continued and is set to deliver year-on-year
growth in both markets in H1. Programmatic advertising and eCommerce revenue
remain challenging reflecting lower audience trends. Magazines revenue
continues to remain highly resilient.

 

In Go.Compare, revenue decline is starting to moderate compared to H2 2025,
notably in car insurance. Profitability within Go.Compare is being impacted by
PPC inflation across the wider market. Renewal, our insurance app wallet,
relaunched earlier this month.

 

Meanwhile, B2B revenue is improving in Q2, with varying performance across
end-markets.

 

The Group maintains its strong financial characteristics. H1 leverage is
expected to be higher than the prior year reflecting the dividend payment
combined with ongoing share buybacks and the acquisition of SheerLuxe.
Leverage is expected to reduce in H2 as a consequence of strong cash
generation. The £30m share buyback programme announced on 4 December 2025 is
progressing with approximately £5m repurchased to date.

 

In line with our strategy, the Group is proactively reviewing opportunities to
optimise its portfolio to ensure all assets are driving the platform effect
and that any excess cash is returned to shareholders, delivering sustainable
shareholder value creation.

 

Kevin Li Ying, Chief Executive Officer, said: "We are pleased to confirm we
are on track to deliver a full-year performance in line with expectations. In
the period, we were delighted to acquire SheerLuxe, which is highly
complementary to our portfolio and provides us with multiple avenues to drive
the platform effect.

"Our focus remains on enhancing the value of our platform by leveraging our
brands' market-leading positions, applying a growing set of innovative
products for our customers and clients, and continuing to diversify our
monetisation routes."

 

 

The Group will announce its half-year results on 14 May 2026.

 

(1) Company-compiled consensus for FY 2026, inclusive of the SheerLuxe
acquisition currently consists of 3 analysts:

Revenue: £745m, Adjusted EBITDA £224m, Adjusted EPS of 132p

 

 

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.175 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTFLFLTFEISIIR



            Copyright 2019 Regulatory News Service, all rights reserved