16th Sep 2026 18:42
Facilities by ADF PLC - Bridgend, Wales-based provider of production and support vehicles for the TV and film industry - Reports results for the first half of 2026. Group revenue decreases 4.6% to GBP16.6 million from GBP17.4 million the year before, "reflecting the weak UK film and HETV production market where overall production spends declined 15.6% in the same period." Pretax loss widens to GBP3.3 million from GBP2.0 million. CAD Services revenue falls to GBP9.4 million from GBP10.8 million; Location One revenue rises to GBP3.3 million from GBP3.1 million; and Autotrak revenue rises to GBP3.9 million from GBP3.5 million. Says first-half performance was "lower than anticipated." Combined with "the current shape of the Q4 pipeline," this means Facilities now expects full-year results "below current market expectations."
"My first six months at ADF have highlighted the strength of our people, customer relationships, and leading market position...ADF's core business is extending its reach beyond its traditional client base - a shift that will take time, given the company’s heritage," says Chief Executive Nicola Pearcey. "The steps we are taking to integrate the businesses, sharpen our impact and drive growth are already bearing fruit, with our combined order book and pipeline for FY27 ahead of the prior year. This gives us confidence in our future positioning. We remain focused on operational discipline and efficiency, alongside a clear plan for growth."
Current stock price: 11.15 pence, down 13% on Wednesday in London
12-month change: down 46%
By Emma Curzon, Alliance News reporter
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