25th Mar 2026 14:57
(Alliance News) - MediaZest PLC on Wednesday said it has continued to build on an "encouraging" performance across its three core sectors and backed its earnings guidance for the financial year.
The Woking, England-based provider of creative audio-visual solutions said that the outlook for the 2026 financial year to September "remains positive" ahead of Wednesday's annual general meeting.
Shares in MediaZest were up 7.0% to 0.099 pence each on Wednesday afternoon in London.
Performance in the Retail, Automotive, and Corporate Offices sectors has been "solid" in the new financial year, Chief Executive Geoff Robinson said, noting long-term demand from core blue-chip customers.
"The outlook for [financial 2026] remains positive, and as reported at our final results, the year has begun exceptionally well. Long-term projects, roll-outs with key customers such as First Rate and our Duty Free client are progressing positively, supporting the group's recurring revenue," CEO Robertson said.
The company continues to target increased profitability, saying that it remains on track to deliver revenue of GBP5.0 million and pretax profit of GBP250,000 for the year to September 2026.
MediaZest reported revenue of GBP4.2 million for financial 2025, with pretax profit of GBP103,000.
The cash position has improved since the end of the financial year to around GBP300,000 on Tuesday from GBP99,000 at the end of September 2025, MediaZest added.
"The group's balance sheet is more robust following the successful debt restructuring in December 2025 and equity fundraising in February 2026. This improvement allows the group to invest further in growth and the board continues to identify and evaluate potential acquisition targets", Robertson added.
Mediazest raised GBP215,000 by placing 358.3 million share at 0.06 pence each in early February.
It also restructured its debt obligations by striking agreements with all creditors which wrote off GBP529,000 worth of interest. It repaid its invoice discounting facility in full in December.
Mediazest said at the time that it was left to repay GBP785,609 of principal in the six years through to the 2031 financial year.
By Martin Miraglia, Alliance News reporter
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