Trading Update and Notice of Interim Results

Trading in line with Board expectations

Ebiquity plc ("Ebiquity" or the "Group"), a world leader in media investment analysis, provides a trading update in respect of the six-month period ended 30 June 2025 ("H1 2025") ahead of publication of its H1 2025 interim results on 29 September 2025.

H1 2025 Performance

H1 2025 Group revenue is expected to be £37.9m, in line with the prior year (H1 2024: £37.9m) and increasing by 1% on a constant currency basis. Excluding North America, the Group delivered revenue growth of 5% compared to the prior year (6% on a constant currency basis).

Total Group adjusted H1 2025 operating profit¹ is expected to be approximately £2.6m, representing strong 10% year-on-year growth (H1 2024: £2.3m) and 11% year-on-year growth on a constant currency basis, with an improved adjusted operating margin of 6.8% (H1 2024: 6.2%).

While the Group's international operations delivered a satisfactory performance with growth across UK & Ireland and Continental Europe, and strong growth in the Contract Compliance service line, North America was significantly impacted during the period by challenging market conditions with ongoing economic uncertainty affecting client spending.

The significant North American market continues to offer attractive growth opportunities for the Group and investment in the region continues, to ensure that Ebiquity is positioned favourably ahead of an improvement in market conditions. To capitalise on emerging opportunities in North America and to provide experienced leadership to drive regional growth, the Group was pleased to have promoted Michele Harrison to Managing Director, Americas in June 2025.

With contractual visibility and a pipeline of potential opportunities in the second half, the Board currently expects the current financial year to follow the Group's historical record of being second half-weighted and that trading for the full year continues to be in line with market expectations.

Financial Position

Net debt as at 30 June 2025 was £15.0m (31 December 2024: £15.6m), with cash balances of £8.9m (excluding restricted cash). The Group maintains comfortable covenant headroom and sufficient liquidity within existing bank facilities, with undrawn facilities of £11.0m.

Ruben Schreurs, Chief Executive Officer, commented:

"H1 2025 has demonstrated the underlying resilience of our international business, with strong growth across our key regions outside North America. We continue to monitor the challenging US macroeconomic environment closely and our global operations position us well for continued progress. I am confident that the actions that we are taking will deliver improved returns going forward."

¹ Adjusted operating profit is defined as operating profit excluding share-based payments, amortisation of purchased intangibles and non-recurring items.