REG - NAHL Group PLC - Half Year Trading Update

NAHLAnnouncement

Wed 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:20250730:nRSd0817Ta&default-theme=true

RNS Number : 0817T  NAHL Group PLC  30 July 2025

Prior to publication, the information contained within this announcement was
deemed by the Group to constitute inside information for the purposes of the
UK Market Abuse Regulations.

30 July 2025

 

 

NAHL Group plc

("NAHL" or the "Group")

  

Half Year Trading Update

 

NAHL (AIM: NAH), a leading marketing and services business focused on the UK
consumer legal market, is pleased to provide a trading update for the first
half of its current financial year, the six months to 30 June 2025 (the
"Period").

 

The Group continues to trade in line with market expectations for the full
year.  Revenues for the Period are expected to be broadly in line with the
previous year at £19.2m, while underlying operating profit is expected to
have increased by c. 67% to £3.2m (H1 2024: £1.9m). This increase is
primarily due to a reduction in marketing costs and overheads within the
Personal Injury business as well as a reduction in amortisation of intangibles
assets which were fully amortised in 2024.

 

The Group continued to deliver strong levels of cash generation and free cash
flow increased by 110% in the Period to £1.4m (H1 2024: £0.7m). As a result,
net debt at 30 June 2025 had reduced by 21% to £5.6m (31 December 2024:
£7.1m).

 

NAHL expects to announce its full results for the six months ended 30 June
2025 towards the end of September 2025.

 

Consumer Legal Services

 

In the Group's Consumer Legal Services division, revenue for the Period is
expected to be around 3% lower than the previous year with operating profit
over 80% higher. Since Q4 2024 management have taken positive action to
maintain an enquiry acquisition cost in line with historical norms, and during
the Period average costs were around 32% lower than the peak seen in September
2024. Measures have been taken to diversify the source of leads away from
Google paid search through strategic investment in new channels, branding, and
search engine optimisation and the Board is seeing encouraging progress,
albeit there is further work to do.  Average monthly enquiry volumes in the
Period were slightly impacted as these new channels were tested, however, by
June 2025, the exit rate on enquiry volumes was ahead of the Q4 2024 monthly
average.  The Group's integrated law firm, National Accident Law, settled 1%
fewer cases in the Period than H2 2024, but these cases generated £5.3m of
cash from settlements (H2 2024: £4.5m).

 

Critical Care

 

In Critical Care, the Board expects to report revenue growth of c. 2% for the
Period, with operating profit broadly in line with the previous year.  Demand
for Bush & Co. expert witness services remains high resulting in double
digit revenue growth, albeit case management was subdued with revenue down 9%.
This was driven by fewer Initial Needs Assessment reports being issued in the
Period compared to the previous year, and a reduction in the number of ongoing
case management clients billed each month. Management is progressing several
initiatives to address this trend which are expected to begin having a
positive impact in the second half of this year and into H1 2026.

 

Since the announcement of the cessation of the sale process for Bush & Co.
on 19 June 2025, the Board has been considering alternative options to
accelerate value for shareholders and will update the market when it is
appropriate to do so.

 

All figures stated in this announcement are unaudited.

 

 

 

For further information:

 

 NAHL Group PLC                                               via FTI Consulting

 James Saralis (CEO)                                          Tel: +44 (0) 20 3727 1000

 Chris Higham (CFO)

 Allenby Capital (AIM Nominated Adviser & Broker)             Tel: +44 (0) 20 3328 5656

 Jeremy Porter/Dan Dearden-Williams (Corporate Finance)

 Amrit Nahal/Kelly Gardiner (Sales & Corporate Broking)

 FTI Consulting (Financial PR)                                Tel: +44 (0) 20 3727 1000

 Alex Beagley                                                 NAHL@fticonsulting.com

 Amy Goldup

Notes to Editors

 

NAHL Group plc (AIM: NAH) is a leader in the Consumer Legal Services market.
The Group provides services and products to individuals and businesses in the
through its two divisions:

 

· Consumer Legal Services provides outsourced marketing services to law
firms through National Accident Helpline and claims processing services to
individuals through National Accident Law, Law Together and Your Law.  In
addition, it also provides property searches through Searches UK.

· Critical Care provides a range of specialist services in the catastrophic
and serious injury market to both claimants and defendants through Bush &
Co.

 

More information is available at www.nahlgroupplc.co.uk
(http://www.nahlgroupplc.co.uk/) , www.national-accidenthelpline.co.uk
(http://www.national-accidenthelpline.co.uk) ,

www.national-accident-law.co.uk (http://www.national-accident-law.co.uk)
 and www.bushco.co.uk (http://www.bushco.co.uk/) .

 

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  TSTPPUWUMUPAGBB