UK's Norman Broadbent posts FY25 profit as net fee income rises

Norman Broadbent

25/03/2026 07:12

Overview

UK executive search firm's FY25 revenue rose 39% and net fee income grew 32% yr/yr

Underlying EBITDA for FY25 rose 333% to £1.3 mln, with profit before tax swinging to £0.6 mln

Company completed turnaround strategy and acquired Society Limited after year-end to support growth

Outlook

Company aims to increase fee-earning capacity by at least 20% in FY26

Norman Broadbent expects growth to be non-linear amid ongoing market uncertainty

Company plans further international expansion and development of leadership consulting services

Result Drivers

PRODUCTIVITY & COST DISCIPLINE - Co said FY25 profit improvement reflected productivity enhancements and cost discipline, highlighting operating leverage as business scales

INVESTMENT IN HEADCOUNT & SYSTEMS - Increased investment in headcount and systems supported growth and capability expansion during FY25

INCREASED MANDATE QUALITY & INTERNATIONAL EXPANSION - Growth supported by focus on higher-quality assignments, sector diversification, and increased international activity

Company press release: ID:nRSY9833Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
GBP 15.14 mln
FY Net Income
GBP 600,000
FY Operating Expenses
-GBP 11.62 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the employment services peer group is "buy."

Wall Street's median 12-month price target for Norman Broadbent PLC is GBp345.00, about 46.8% above its March 24 closing price of GBp235.00

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.)