REG - Norman Broadbent PLC - Q4 and FY25 Trading Update

Norman BroadbentAnnouncement

15/01/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260115:nRSO9567Oa&default-theme=true

RNS Number : 9567O  Norman Broadbent PLC  15 January 2026

 

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018

 

Norman Broadbent plc

("Norman Broadbent")

 

Q4 AND FY25 TRADING UPDATE

 

Record Financial Performance

 

Norman Broadbent (AIM: NBB), a leading Executive Search and Interim
Management firm, provides the following trading update for the three months
ended 31 December 2025 ("Q4 25") and the year ended 31 December 2025 ("FY25").

 

Financial Summary

 

                                  FY25( 1 )     FY24
                                  £m            £m

                                  (unaudited)   (audited)   Change
 Net Fee Income ("NFI")           12.3          9.3         32%
 Underlying EBITDA( 2 )           1.3           0.3         333%
 Underlying EBITDA margin( )(3 )  11.0%         3.3%        -
 Profit/(Loss) before tax         0.7           (0.2)       -
 Net cash( 4 )                    1.5           0.1         1400%

 

FY25 Highlights

·      NFI of £12.3m and underlying EBITDA( 2 ) of £1.3m reflects a
strong trading performance against a tough market backdrop and delivers on the
medium term EBITDA target set four years ago

·      Year-end net cash( 4 ) of £1.5m is a £1.4m positive swing from
the prior year (FY24: £0.1m) reflecting the cash generative nature of the
business as EBITDA grows

 

Q4 25 Highlights

·      NFI of £3.3m for Q4 25 is up £0.8m on the prior year Q4 and is
the Company's strongest quarter for FY25 (Q1 25: £3.0m; Q2 25: £3.0m; Q3 25:
£2.9m)

·      Executive Search underpinned the fourth quarter performance,
contributing 87% of NFI with Placement income particularly strong

 

Kevin Davidson, CEO of Norman Broadbent, said:

"I am delighted to report the business delivered another strong trading
performance in the fourth quarter to close the year with underlying EBITDA of
£1.3m. This was despite persistent market challenges and is comfortably ahead
of Board expectations.

 

We set the strategic plan to transform Norman Broadbent when I joined the
business four years ago and as part of this plan, we set a medium-term EBITDA
target of £1.25m. With the FY25 results we have both completed the turnaround
phase of our strategy and delivered on this important financial commitment.

 

We have created a much stronger platform to fuel the next stage of growth for
Norman Broadbent. Targeted investment in headcount to achieve a fundamental
change in the scale of our business remains central to our growth plan. In
addition, we continue to explore acquisition opportunities to accelerate the
journey where it makes strategic and financial sense to do so.  We will
remain disciplined in executing on our plans and tenacious in managing the
prevailing market environment which remains challenging. We have a clear
strategy in place to grow the business and we are looking forward with real
confidence to delivering on this plan and building shareholder value."

 

Footnotes

( 1 ) FY25 results remain subject to audit

( 2 )Excludes share based payment charges

( 3 )Underlying EBITDA divided by NFI

( 4 )Excludes lease liabilities

 

 

Contacts:

 

 Norman Broadbent plc                                                   Via Gracechurch Group
 Kevin Davidson, CEO
 Mehr Malik, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)       +44 (0)20 7220 0500
 Julian Blunt, Seamus Fricker - Corporate Finance
 Jasper Berry, Matt Lewis - Sales / Corporate Broking

 Gracechurch Group (Financial Media & Investor Relations)               +44 (0)20 4582 3500
 Murdo Montgomery                                                       normanbroadbent@gracechurchpr.com (mailto:normanbroadbent@gracechurchpr.com)
 Tommy Bryson
 Anysia Virdi

 

About Norman Broadbent:

 

Norman Broadbent (AIM: NBB) is a professional services firm focused on
executive search, senior interim management solutions and bespoke leadership
advisory services working across the UK and internationally.

 

Established as the first UK-headquartered search firm in 1979, the firm has a
40+ year track record of shaping leadership across industries including
Consumer, Financial Services, Industrials, Life Sciences, Investor and TMT.

 

www.normanbroadbent.com
(https://url.avanan.click/v2/___http:/www.normanbroadbent.com___.YXAxZTpzaG9yZWNhcDphOm86OTdhMTRmYzIzZWY1YzM5MDNmNTdhN2E3NGVmZjI1OGI6NjpjYTk0OjY2MDg2Zjg4M2UxOTVmMGJiZDJkMTg4MTNhYjhhODAyNGRhZjkyMDIwNWMyZTE0YTRiOTZlNGIzZDNjMjU5N2Y6cDpU)

 

 

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  TSTFZGMMRDKGVZM



            Copyright 2019 Regulatory News Service, all rights reserved