30th Jun 2025 11:45
(Alliance News) - MediaZest PLC on Monday reported a swing to profit in the first half of its financial year as revenue surged on the back of major new contract wins and growing recurring income, with the audio-visual company expressing confidence in its long-term growth prospects.
Shares in MediaZest rose 40% to 0.088 pence in London on Monday morning.
For the six months ended March 31, the Woking, England-based provider of creative audio-visual solutions posted a pretax profit of GBP56,000, swinging from a loss of GBP141,000 a year earlier.
Revenue jumped 63% year-on-year to GBP1.9 million from GBP1.2 million, driven by long-term rollouts with clients including Hyundai Motor Co Ltd, Kia Corp, lululemon athletica Inc and Pets at Home Group PLC.
Cost of sales rose 65% to GBP779,000 from GBP472,000, while administrative expenses climbed 27% to GBP1.0 million from GBP803,000 as the firm scaled its delivery teams to meet increased demand.
Chief Executive Officer Geoff Robertson said: "We are delighted with the progress seen in the firs half of financial 2025 and expect continued momentum through the remainder of the financial year and into 2026 and 2027."
The group highlighted recent wins including a major global contract to supply audiovisual services to Duty Free shops across 40 airports worldwide.
MediaZest also completed high-profile installations for lululemon in Berlin and London and continued European expansion via its Dutch subsidiary, which contributed Kia showroom projects in the Netherlands.
Recurring revenue streams now exceed GBP1 million on an annualised basis, providing greater visibility and stability, the company said.
Chair Keith Edelman, appointed post-period, said the company is "well-positioned for continued growth," supported by strong demand in its core markets: retail, automotive and corporate offices.
Looking ahead, MediaZest reiterated its guidance for full-year profitability and said it continues to explore acquisition opportunities as part of its "buy and build" strategy.
The company also confirmed that no asset impairments were necessary in the period and that the board remains "very optimistic" about its future potential.
By Eva Castanedo, Alliance News reporter
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