31st Oct 2025 10:50
(Correcting expected first-half revenue figure to GBP121.3 million)
(Alliance News) - MHA PLC said on Friday in a trading update it has delivered a "strong" first half with revenue growth in line with market expectations for the full year.
The Milton Keynes-based provider of audit, tax, accountancy and advisory services said it expects revenue of GBP121.3 million for the six months ended September 30, up 13% from GBP107.2 million a year before.
MHA credited 3% of the expected revenue growth to the acquisition of Baker Tilly South-East Europe Holdings Ltd in August 2025, and 1.5% from the income from Baker Tilly Ireland, which was acquired in July 2024.
MHA said that there has been a "rising demand for high-quality advisory services", despite "market uncertainty".
The company said it remains on track to deliver full-year performance in line with market expectations.
MHA noted current market expectations for the full-year of GBP249.5 million in revenue. This compares with GBP224.2 million achieved in financial 2025.
The company also cited market expectations of GBP44 million for underlying adjusted earnings before interest, tax, depreciation and amortisation. MHA reported adjusted Ebitda of GBP41.1 million in financial 2025.
Chief Executive Rakesh Shaunak said: "The group experienced strong growth across all service lines in H1 26, reflecting the strength of our platform and the success of both organic and acquisitive expansion. Our core sectors performed well, most notably financial services, manufacturing, professional services and engineering and technology, each of which recorded significant double-digit revenue growth compared with H1 25.
"The group is well-placed to build on the momentum established in recent years, scaling further and driving innovation while maintaining high client standards. Supported by long-term structural growth drivers that underpin demand for our services and a compelling client proposition, the Board remains confident in the outlook for continued organic and acquisitive growth, in line with its medium-term goal of exceeding GBP500 million in annual revenues."
Shares in MHA rose 0.5% to 154.75 pence on Friday morning in London.
By Roya Shahidi, Alliance News reporter
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