REG - Zinc Media Group PLC - Acquisition of William Martin Qatar LLC

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RNS Number : 3606F  Zinc Media Group PLC  22 May 2026

22 May 2026

Zinc Media Group plc

("Zinc Media" or the "Company")

Zinc Media Group Agrees Acquisition of William Martin Qatar LLC

 

Zinc Media Group plc (AIM: ZIN), the award-winning content, IP, brand and
event production group, is pleased to announce that it has agreed to acquire
William Martin Qatar, LLC  trading as WM Productions, Qatar ("WMP Qatar") a
leading event production business for an initial net consideration of £0.4m
to be satisfied by the issue of new ordinary shares ("Ordinary Shares") (the
"Acquisition").

 

Background to WMP Qatar

 

WMP Qatar, founded in 2010, is an award-winning creative agency specialising
in events, film and design production across the Middle East. WMP Qatar has a
loyal customer base with high levels of repeat business, underpinned by the
company's specialist knowledge, reputation and track record of project
delivery. Its clients include major blue-chip organisations operating in
lucrative and strategically resilient sectors including science and
technology, education, healthcare and government.

 

In the year ended 31 December 2025, WMP Qatar generated £3.3m in revenue, a
profit before tax of £0.3m and had net assets of £0.5m. The business has
demonstrated consistent profitability, with net profits averaging £0.4m per
annum over the past five years. For the year ended 31 December 2026, WMP Qatar
is forecast to deliver £3.4m in revenue and a profit before tax of £0.3m.

 

Transaction Rationale

 

The Acquisition is highly complementary to Zinc Media's existing operations in
Qatar where the Company's brand, film and television production business trade
as The Edge, Qatar. The Board believes that the Acquisition will deliver
significant revenue synergies, where Zinc Media can in source their events
film production, and cost synergies through progressive integration with the
two businesses due to co-locate as early as possible.

 

The acquisition of WMP Qatar supports Zinc Media's wider strategy of
accelerating growth and broadening its capabilities across the Middle East,
including in Saudi Arabia and the UAE, where the Company produced its largest
event to date in FY25. WMP Qatar further strengthens Zinc Media's ability to
deliver world-class content for broadcasters, streaming platforms, brands and
digital channels globally.

 

Transaction Details

 

The maximum consideration for the Acquisition is up to £1.12 million, on a
cash free debt free basis, payable to William Martin Ltd ("WML") comprising:

 

·      Initial consideration of £0.4m satisfied in full by the issue of
new Ordinary Shares;

 

·      Contingent consideration of:

 

·      £0.3m if WMP Qatar achieves EBIT of not less than £0.3m in
either FY26 or FY27 payable in new Ordinary Shares and/or cash at the Board's
discretion;

·      Up to £0.3m, if WMP Qatar achieves EBIT of between £0.315m
and £0.35m in each of FY26 and FY27, payable in new Ordinary Shares and/or
cash at the Board's discretion; and

·      Up to £0.15m due on a straight-line basis if WMP Qatar achieves
EBIT between £0.9m and £1.2m in either FY26 or FY27 payable in cash.

 

Completion of the Acquisition, which is subject to filing of customary tax
reports, is expected to occur within four weeks.

 

 

Commenting on the Acquisition, Mark Browning, CEO of Zinc Media Group, said:

"This acquisition is a natural fit for our existing business in Qatar, and
will complement growth across Saudi Arabia and the UAE, where we produced our
largest event to date in FY25.  We are thrilled to welcome WMP Qatar into the
Zinc Media Group. Their expertise in producing high-quality live events, film
and design production supports our existing strategy while accelerating our
growth.

 

Geographical expansion in the Middle East is a core pillar of Zinc Media's
growth strategy. This Acquisition will support the strong growth we are
already delivering in the region having delivered 70% revenue growth in the
prior year, and, despite geopolitical challenges, have a record Middle East
order book supported by our recently announced major television series
commission."

 

 

For further information, please contact:

 

Zinc Media Group
plc
+44 (0) 20 7878 2311

Mark Browning, CEO / Laura McGaughey, CFO

www.zincmedia.com (http://www.zincmedia.com/)

Singer Capital Markets (Nominated Advisor and Broker)
            +44 (0) 20 7496 3000

James Moat / Jalini Kalaravy

Yellow Jersey PR (Investor Relations)
                                    +44(0)
7747 788221

Charles Goodwin / Annabelle Wills

 

About Zinc Media Group

 

Zinc Media Group is an international content company producing premium
factual, entertainment and branded storytelling for global broadcasters and
platforms. Through its portfolio of specialist production labels, Zinc creates
documentaries, television series and digital content that inform, engage and
reach audiences worldwide.

 

The Group operates a diverse range of labels including Tern TV, Raw Cut, Brook
Lapping, Red Sauce, Supercollider, The Edge, Tomos TV, Rex, Electric Violet,
Atomic Television, Bumblebee and Zinc Distribution - its global sales and
distribution arm.

 

With operations across the UK and the Middle East, Zinc creates and delivers
awa-winning content to audiences worldwide. For further information, please
visit www.zincmedia.com (http://www.zincmedia.com/)

 

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