UK's Mind Gym FY26 revenue falls amid challenging market
UK's Mind Gym FY26 revenue falls amid challenging market
Overview
UK behavioural science consultancy's FY26 revenue fell 23% amid challenging market conditions
Company returned to profitability in H2, with recurring revenue base and gross margin improving
Strategic review remains ongoing, including potential offer for the company
Outlook
Mind Gym expects modest revenue growth in FY27 alongside positive EBITDA and stronger cash position
Company expects market conditions to remain challenging due to ongoing pressure on HR spend
Mind Gym is taking further action to reduce the cost base by £2 mln annually
Result Drivers
RECURRING REVENUE GROWTH - Co said licensing and membership revenue grew to 17% of total, up from 9% in prior year, as part of shift to recurring revenue model
COST REDUCTIONS - Adjusted administrative expenses fell 19% year on year, reflecting benefit of cost reduction measures
Company press release: ID:nRSY6565Ja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 29.90 mln |
|
FY EPS |
| -GBP 0.05 |
|
FY Gross Margin |
| 87.20% |
|
FY Capex |
| GBP 800,000 |
|
FY Gross Profit |
| GBP 26.08 mln |
|
Analyst Coverage
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 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.)