Third Quarter Trading Update

BTG Consulting plc, the financial and real estate advisory group, today issues a trading update for its third quarter ended 31 January 2026.

Financial performance across the Group has been consistent with the board's expectations during the quarter. As a result, our expectations for the full year* remain unchanged, which would extend our track record of profitable growth.

The restructuring team continued to benefit from positive levels of new instructions, supported in part by the challenging macroeconomic backdrop. As we enter our typically busier final quarter, we remain confident of delivering a strong end to the year. As expected, our financial advisory team benefitted from an increase in completed transactions in the quarter (compared to H1) and have an encouraging pipeline going into the final quarter.

The performance of our real estate advisory division was in line with expectations. The integration of the recent acquisitions of Kirkby Diamond and Network Auctions are progressing according to our plans, and they are performing as anticipated.

We expect to announce a trading update for the full year ended 30 April 2026, in May 2026.

Mark Fry, Chief Executive Officer of BTG Consulting plc, said:

"Financial performance has been consistent with our expectations and our outlook for the full year remains unchanged, which will extend our track record of profitable growth.

"During the period, we completed our rebrand and name change, bringing our market-leading financial and real estate advisory businesses together under common branding. This change reflects the evolution of the Group in recent years into a broad-based advisory business.

"We continue to invest in and develop our teams to take advantage of opportunities for growth."

* Current range of analyst forecasts for adjusted PBT of £23.7m-£25.4m with a consensus of £24.3m (as compiled by the Company)