Steadily profitable in continuingly tough markets
Cavendish PLC reported a profit before tax of £1.1 million for the half-year ending September 2025. Revenue increased by 3% on a comparable basis despite challenging market conditions for UK smaller companies. The adjusted pre-tax profit was £2.0 million, slightly exceeding the figure from the same period last year. The company's diversified revenue streams and strong cost control, which resulted in reduced costs over the period, contributed to the positive results. The stock is currently trading at 6.7 times EV/NOPLAT for 2026E and 3.8 times for 2027E.
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Hardman & Co Research on Cavendish plc (CAV): Steadily profitable in continuingly tough markets Cavendish reported PBT of £1.1m for the half-year to September 2025. Revenue was up 3% on a comparable basis – against a still tricky background for UK smaller companies – and adjusted pre-tax profit was £2.0m, marginally ahead of the same period last year. The result was an indication of the strength of the diversified revenue stream – with both private and public divisions healthily profitable – and a strong control on costs, which fell over the period. Currently, the stock is trading on 6.7x EV/NOPLAT 2026E and just 3.8x 2027E. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/cav-steadily-profitable-in-continuingly-tough-markets/ If you are interested in meeting the company, you can register your interest by clicking on the above link. To contact us: Hardman & Co 9 Bonhill Street London EC2A 4DJ www.hardmanandco.com Follow us on X @HardmanandCo Contact: Jason Streets js@hardmanandco.com Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an Appointed Representative of Palace Ventures Limited, which is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.
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