22nd May 2025 11:30
(Alliance News) - Bloomsbury Publishing PLC on Thursday reported a decline in its full-year profit despite a rise in revenue, as increased costs weighed on earnings.
In the year that ended February 28, the London-based independent publisher posted a pretax profit of GBP32.5 million, down 22% from GBP41.5 million the previous financial year.
However, it reported revenue of GBP361.0 million, up 5.3% from GBP342.7 million.
Bloomsbury shares were down 16% to 548.20 pence in London on Thursday morning.
The weaker earnings despite the improved top line can be attributed to an increase in costs.
Cost of sales were up 6.1% at GBP157.1 million from GBP148.1 million, and administrative expenses rose 11% to GBP115.9 million from GBP104.2 million.
Marketing and distribution costs increased to GBP54.6 million, up 9.6% from GBP49.8 million.
Bloomsbury declared a final dividend of 11.54 pence, up 5.0% from 10.99 pence a year earlier. Its total dividend rose 5.0% to 15.43 pence from 14.69 pence.
Bloomsbury Publishing expects financial 2026 trading to come in broadly in line with existing consensus expectations at constant currency. These include revenue of GBP349.2 million and profit before taxation and highlighted items of GBP45.1 million.
Profit before taxation and highlighted items for financial 2025 was GBP42.1 million.
"Bloomsbury's diversification strategy has forged a portfolio of portfolios combining consumer and academic publishing, a resilient model delivering long-term success," said Founder & Chief Executive Officer Nigel Newton.
By Olivia Mason-Myhill, Alliance News reporter
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