UK's Keystone Law interim revenue rises 22.5% yr/yr
UK's Keystone Law interim revenue rises 22.5% yr/yr
Overview
UK law firm's interim revenue rose 22.5% yr/yr for six months ended July 2026
Adjusted pretax profit rose 31.3%, with adjusted basic EPS up to 23.1p
Company declared interim ordinary and special dividends, citing strong balance sheet
Outlook
Keystone Law expects FY 2027 revenue to be comfortably ahead of market expectations (£123 mln)
Company sees FY 2027 profits materially ahead of market expectations (£15.8 mln adj PBT)
Result Drivers
STRONG DEMAND - Co said revenue growth was driven by strong demand across the business, with corporate and corporate restructuring activity particularly strong
RECRUITMENT - Co said continued recruitment of high-calibre lawyers and expansion of fee earner base supported growth
AI TOOLS - Co said rollout and adoption of legal-specific AI tools enhanced its technology platform and supported user experience
Company press release: ID:nRSN5040Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted Pretax Profit |
| GBP 9.60 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for Keystone Law Group PLC is GBp970.00, about 57.5% above its September 11 closing price of GBp616.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago
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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.)