LONDON: Begbies Traynor Group plc (AIM: BEG), a leading financial and real estate advisory firm, announced its final results for the year ended April 30, 2025, marking a decade of profitable growth and surpassing market expectations across key financial metrics.
Financial Performance
- Revenue rose 12% year-over-year to £153.7 million (2024: £136.7m), with 10% organic and 2% acquisitive growth.
- Adjusted EBITDA increased 11% to £31.7 million (2024: £28.5m).
- Adjusted profit before tax climbed to £23.5 million (2024: £22.0m), while statutory profit before tax nearly doubled to £11.5 million (2024: £5.8m).
- Free cash flow surged 56% to £19.4 million, supporting a net cash position of £0.9 million, compared to net debt of £1.4 million last year.
- Adjusted diluted EPS rose to 10.5p (2024: 9.9p); proposed total dividend increased 8% to 4.3p, marking the eighth consecutive year of dividend growth.
Operational Highlights
The group reported strong performances across both its core divisions:
- Business Recovery and Advisory: Growth was driven by larger, higher-value cases and a significant expansion in advisory services, including restructuring, special situations M&A, and funding projects. The advisory business has tripled in size since 2020.
- Property Advisory: Continued revenue growth was supported by a leading position in property auctions and strategic senior hires across valuations, asset sales, and consultancy.
Outlook
Executive Chairman Ric Traynor expressed confidence in the group’s trajectory: “Our results are ahead of original market consensus expectations in terms of revenue, EBITDA and net cash, driven by strong organic growth across our advisory services. We expect revenue to be at the upper end of market expectations in FY2026, with profit growth in line with forecasts.”
The group cited a robust balance sheet, expanded professional teams, and supportive market conditions as key enablers of continued investment in both organic and acquisitive growth. A further trading update is expected at the annual general meeting in September 2025.