23rd Oct 2025 13:11
(Alliance News) - Bloomsbury Publishing PLC on Thursday reported first-half declines in revenue and profit, but expressed confidence in its outlook for the full-year.
The London-based publisher reported pretax profit of GBP18.3 million for the six months that ended August 31, down 17% from GBP22.1 million a year prior.
Revenue fell 11% to GBP159.5 million from GBP179.8 million
In its Academic & Professional division, revenue grew 20% to GBP46.1 million from GBP38.5 million. This includes revenue from a non-exclusive AI licensing agreement Bloomsbury signed within the first half.
However, Consumer revenue declined 20% to GBP113.4 million from GBP141.3 million.
Bloomsbury said the Consumer division had "performed in line with expectations", noting that it had a "strong" prior year comparative due to "exceptional" sales from Sarah J. Maas' House of Flame and Shadow in January 2024.
Bloomsbury said it has a "strong" list of publications for the second half of the year.
The company declared an interim dividend of 4.09 pence per share, up 4.9% from 3.89p a year prior.
Shares in the company were up 4.3% at 509.00p on Thursday afternoon in London.
Looking to the full-year ending February 28, Bloomsbury said it expects to deliver profit before taxation and highlighted items ahead of market expectations of GBP41.6 million. Last year, the company reported profit before taxation and highlighted items of GBP42.1 million.
By Roya Shahidi, Alliance News reporter
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