AGM Trading Update

3 July 2025

Peel Hunt Limited

("Peel Hunt" or the "Company")

AGM Trading Update

Peel Hunt Limited ("Peel Hunt" or the "Company") today provides the following trading update in relation to the three-month period ended 30 June 2025 ("Q1 FY26"). This statement is issued in advance of the Company's Annual General Meeting which is being held at 2pm today.

We have had a strong start to our new financial year as market conditions have begun to improve. We have seen higher revenue generation in our Institutional and notably our Execution Services businesses, together with a significant contribution from M&A transactions. Consequently, Group revenue for Q1 FY26 is comfortably ahead of the equivalent prior year period, which itself was a good quarter.

We continue to have a strong pipeline of M&A transactions, with a number of situations both announced and in process. It remains to be seen whether a more general pick up in equity issuance and IPO activity will follow. Whilst the macroeconomic background is hard to predict, investor confidence appears to be increasingly resilient, and we are mandated on a number of transactions that are expected to complete in the second half of our financial year should market conditions be supportive.

We have also continued to add excellent clients to our franchise and, together with many exciting growth companies, we now act for 55 FTSE 350 companies, 50 in the FTSE 250 and 5 in the FTSE 100. 

We continue to strengthen our international distribution capabilities, adding an office in Abu Dhabi to our international network in the coming months alongside New York and Copenhagen. This is critical to our clients, as it provides access to global investors who are an increasingly important constituent of listed UK company share registers.

For further information, please contact:

Peel Hunt: via Sodali & CoSteven Fine, CEO

Sodali & Co (Financial PR): +44 (0)20 7100 6451Justin GriffithsGilly LockRuss Lynch[email protected]

Grant Thornton UK LLP (Nominated Adviser): +44 (0)20 7383 5100Philip SecrettColin AaronsonElliot Peters

Keefe, Bruyette & Woods (Corporate Broker): +44 (0) 20 7710 7600Alistair McKayAlberto Moreno BlascoFred Walsh

Notes to editors

About Peel Hunt

Peel Hunt is a leading UK investment bank that specialises in supporting mid-cap and growth companies. It provides integrated investment banking advice and services to UK corporates, including equity capital markets, private capital markets, M&A, debt advisory, investor relations and corporate broking. The Company's joined up approach combines these services with expert research and distribution and an execution services hub that provides liquidity to the UK capital markets, delivering value to global institutions and trading counterparties alike. The Company is admitted to trading on AIM (LON: PEEL) and has offices in London, New York and Copenhagen.

Forward-looking statements

This announcement contains forward-looking statements. Forward-looking statements sometimes use words such as 'may', 'will', 'could', 'seek', 'continue', 'aim', 'anticipate', 'target', 'project', 'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', 'achieve' or other words of similar meaning. Past performance is no guide to future performance and any forward-looking statements and forecasts are based on current expectations and assumptions but relate to events and depend upon circumstances in the future and you should not place reliance on them. These statements and forecasts are subject to various risks and uncertainties and there are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by forward-looking statements and forecasts.

The forward-looking statements contained in this document speak only as of the date of this announcement and (except as required by applicable regulations or by law) Peel Hunt does not undertake to publicly update or review any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in this announcement constitutes or should be construed as constituting a profit forecast.

No offer of securities

The information, statements and opinions contained in this announcement do not constitute or form part of, and should not be construed as, any public offer under any applicable legislation, or an offer, or solicitation of an offer, to buy or sell any securities or financial instruments in any jurisdiction, or any advice or recommendation with respect to any securities or financial instruments.