11th Sep 2025 13:30
(Alliance News) - Zinc Media Group PLC on Thursday reported a narrowed loss during the first half of 2025, and touted its "excellent position" to deliver on medium-term growth targets.
The London-based television production group said its pretax loss for the six months that ended June 30 was GBP590,000, narrowed from a restated GBP1.9 million loss the year before.
Revenue jumped 72% to GBP22.9 million from GBP13.3 million a year earlier, driven largely by its television business and boosted by nine projects within the first half, each with an order value of more than GBP1 million and averaging GBP2.3 million each.
Operating expenses increased 26% to GBP8.8 million from GBP7.0 million.
Adjusted earnings before interest, tax, depreciation and amortisation for the six-month period was GBP906,000, swung from a GBP656,00 loss a year prior.
"We have expanded into new genres and territories, delivered projects of unprecedented scale for our business, and earned international recognition for our work. Looking ahead, GBP38 million of revenue is already secured for recognition in FY25 with a further GBP4 million at a highly advanced stage in our pipeline for this year," said Chief Executive Officer Mark Browning.
At the same time a year prior, Zinc Media had secured around GBP31 million in revenue for recognition in 2024.
Browning continued: "Our H1 performance reflects the success and impact of the transformation plan we initiated in 2020 and is being powered by some of our biggest ever contract wins ever and most talked about TV programmes in the world. The strategic progress made in the period also strengthens the deliverability of our medium-term targets of GBP50 million revenue and GBP5 million Ebitda."
Zinc Media added it was in an "excellent" position to deliver 33% revenue growth for the full year.
Shares in Zinc Media were down 2.3% at 65.00 pence in London on Thursday afternoon.
By Emily Parsons, Alliance News reporter
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