21st Nov 2025 10:36
(Alliance News) - FRP Advisory Group PLC on Friday said half-year revenue and earnings are anticipated to rise, noting a "solid performance" in its trading update.
The London-based business advisor said it expects revenue, for the six months ended October 31, to rise 12% to GBP87 million from GBP77.6 million a year ago.
Underlying adjusted earnings before interest, taxes, depreciation, and amortisation are expected to rise 3% to GBP23 million from GBP22.3 million.
"This represents a solid performance against a very strong comparative period," FRP said, noting rising demand for its advisory services.
As of October 31, the company's unaudited net cash balance stood at GBP16.5 million, up 24% from GBP13.3 million.
Looking ahead, FRP said it is "confident" it will achieve full-year expectations. The company said consensus market expectations for financial 2026 include a revenue of GBP164.2 million and underlying adjusted Ebitda of GBP44.8 million.
For the financial year ended April 30, 2025, FRP reported GBP152.2 million in revenue and underlying adjusted Ebitda of GBP41.3 million.
"While all businesses are adapting to fund higher operating costs, pressures are particularly acute in consumer facing businesses," FRP said.
"The group anticipates that demand for its services will continue to rise in H2 2026 and beyond - particularly if affected businesses in sectors such as retail and hospitality have a weaker-than-required 'golden quarter', which includes the festive trading period," the company added.
Chief Executive Geoff Rowley said: "Our increases in revenue and profitability reflect the success of the investments made in our people, services and geographic footprint, which have continued to broaden our capabilities and strengthen our ability to support clients at every stage of their business cycle.
"This positioning means we're confident of delivering continued profitable growth, regardless of how the fiscal, policy and trading environment develops in the weeks and months ahead."
Shares in FRP rose 1.0% to 141.95 pence a share on Friday morning in London.
By Roya Shahidi, Alliance News reporter
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