Future

FUTR · Main Market · Media · mcap £271m · 309.2p

Future owns specialist websites, magazines and the Go.Compare price-comparison service. It earns money from advertising, affiliate commissions on products sold through its sites, and business-to-business data and services.

Target	Promise	Said	Status
2024
FY 2024	Deliver FY 2024 expectations, with full-year adjusted operating margin of about 28%.	4 Apr 2024	✓ Kept
	“We expect to deliver Group organic revenue growth in H2 2024 and a full year adjusted operating margin of approximately 28%.” Also stated 16 May 2024 Result FY24 results were in line with expectations and the adjusted operating margin was 28%. “Profitability was in line with expectations with 28% adjusted operating margin reflecting investment from the previously announced Growth Acceleration Strategy (GAS)”5 Dec 2024 · 2024 Full Year Results
2025
FY 2025	Operate at a 28% adjusted operating profit margin in FY 2025.	5 Dec 2024	✓ Kept
	“The Group continues to expect to deliver a stable adjusted operating margin of 28% alongside continued strong cash generation.” Also stated 16 May 2025 Result FY25 adjusted margin was maintained at 28%. “Adjusted operating profit margin was in line with last year at 28%. Our focus on costs and investments offset the reduction of revenue and the impact of inflation.”4 Dec 2025 · 2025 Full Year Results
FY 2025	Deliver FY 2025 performance in line with market expectations.	5 Feb 2025	✓ Kept
	“we remain on track to achieve market expectations for FY 2025” Also stated 17 Jul 2025 Result September 2025 update and December results were in line with expectations. “I am pleased to report a resilient performance in line with expectations, delivered against a challenging macroeconomic environment.”4 Dec 2025 · 2025 Full Year Results
FY 2025	Low single-digit organic revenue decline in FY 2025.	16 May 2025	✓ Kept
	“given ongoing macroeconomic uncertainty, the Group believes it is prudent to adopt a more cautious view on the second half and expects a low single-digit decline in FY 2025 organic revenue.” Result FY25 revenue fell 6% in line with expectations. “Revenue was down (6)% year-on-year at £739.2m (FY 2024: £788.2m), with (3)% organic decline combined with adverse foreign exchange and previously announced business closures.”4 Dec 2025 · 2025 Full Year Results
1 Dec 2025	Execute a share buyback of up to £55m by 1 December 2025 or the FY2026 AGM.	2 Jan 2025	✓ Kept
	“to purchase shares with a value of up to £55 million subject to remaining within the FY2024 AGM authority” Result Buybacks continued through 2025, with further programmes announced in August and December. “announces the commencement of a share buyback programme (the Programme), to purchase shares with a value of up to £55 million”1 Aug 2025 · Share repurchase programme “under which 7,011,664 Shares were purchased”1 Aug 2025 · Share repurchase programme