14th Aug 2025 14:39
(Alliance News) - MHA PLC on Thursday said it sought sustained organic growth as it posted a big profit leap in its first annual results since its London debut in April.
The Milton Keynes-based provider of audit, tax, accountancy and advisory services said pretax profit jumped 58% to GBP85.9 million in the financial year that ended March 31 from GBP58.2 million a year ago.
Revenue rose 46% to GBP224.2 million from GBP154.0 million, though administrative costs increased by 50% to GBP138.2 million from GBP91.8 million.
MHA said demand for advisory services continued to rise despite wider market volatility, with structural trends such as increasing regulatory complexity supporting the company's model.
MHA said expects to declare its first dividend with the announcement of interim results for the six months to September 30.
Chief Executive Officer Rakesh Shaunak said: "Trading remains in line with market expectations for FY26. While market conditions remain demanding, the trends driving our profession are firmly in our favour. With a clear strategy, a strong balance sheet and an exceptional team, I am confident that we are well placed to deliver on the commitments we set out at IPO and to build a business of even greater scale and quality in the years ahead."
MHA said: "Looking ahead, we are focused on sustaining strong organic growth, integrating recent acquisitions and exploring further earnings accretive mergers & acquisitions. These factors, together with our strong leadership team and supportive market backdrop, give the board confidence in delivering a successful FY26 and creating long-term value, in line with our medium-term ambition of building a GBP500 million revenue business."
MHA shares were up 3.3% to 140.00 pence each on Thursday afternoon in London. They are up 40% from its listing price on April 15 of 100p.
By Tom Budszus, Alliance News slot editor
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