AGM Statement
Begbies Traynor Group's AGM statement reported a successful prior financial year driven by organic growth across its advisory services. The company highlighted a significant increase in free cash flow, enabling a proposed 8% rise in the total dividend, marking the eighth consecutive year of dividend growth. The group has tripled in size over ten years, with a six-fold increase in adjusted profit before tax and is making good progress toward its medium-term revenue target of £200m. The first quarter results to July 31, 2025, were in line with expectations, and the group anticipates delivering market expectations for the full year, with revenue projected between £163m and £164m and adjusted profit before tax between £23.7m and £24.9m.
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Begbies Traynor Group plc ("the group"), the financial and real estate advisory firm, is today holding its Annual General Meeting. Ric Traynor, Executive Chairman, will make the following statement:
"The last financial year was a further successful one for the group, in which we continued to execute our proven growth strategy which has delivered ten consecutive years of profitable growth. The results for the year, which were ahead of original market consensus expectations in terms of revenue, EBITDA and net cash, were driven by strong levels of organic growth delivered across our broad range of advisory services in both divisions.
The business remained highly cash generative, with a marked increase in free cash flow in the year, which enabled us to propose an 8% increase in the total dividend, representing our eighth consecutive year of dividend growth.
Our strategy of investing in organic development and earnings enhancing M&A has resulted in a diversified and resilient business. In ten years we have tripled the size of the business with a six-fold increase in adjusted profit before tax. Building on this track record, we continue to make good progress towards our medium-term revenue target of £200m.
We have made a good start to the new financial year with encouraging activity levels and positive momentum across the group. We have continued to invest in organic development, through the recruitment of additional senior fee earners over the last eighteen months, the full benefit of which is expected to deliver growth in the second half of the financial year and thereafter. Results for the first quarter to 31 July 2025 were in line with our expectations, and overall, we are confident of delivering market expectations* for the full year.
Our robust balance sheet and cash generation underpin our capacity to continue to invest in organic growth initiatives whilst progressing our pipeline of acquisitions. In summary, our broad range of advisory services, diversified client base and multiple growth opportunities, gives us confidence of continuing our track record of growth in the new financial year and beyond.
We will next update on current trading at the time of our half year results, which we expect to publish in December 2025."
* market expectations (as compiled by the group): revenue of £163m - £164m, adjusted PBT of £23.7m-£24.9m.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.