Q3 2025 Trading Update

Norman Broadbent (AIM: NBB), a leading Executive Search and Interim Management firm, announces a trading update for the third quarter ended 30 September 2025 ("Q3").

Highlights

• Q3 NFI of £2.9m, up 26% on Q3 2024 (£2.3m)
• Year to date NFI of £8.9m, up 31% on 2024 (£6.8m)

Kevin Davidson, CEO of Norman Broadbent, said:

"I am delighted to report that, despite persistent market challenges, the very positive trading performance demonstrated over the past year has continued through the third quarter, with NFI of £2.9m maintaining a healthy run-rate. Furthermore, new project awards have held up over the summer trading months and the value of future contracted revenue at the beginning of Q4 was in line with the position at the start of Q3. This provides great momentum for us as we push to deliver a strong close to the year.

We continue to look to the future with considerable optimism. With the business turnaround complete and our improved financial position, we have created a much stronger platform to fuel the next stage of growth for the company. Central to our growth plan is disciplined investment in headcount to achieve a fundamental change in the scale of our business over the medium-term through self-funded organic growth. In addition, we will continue to explore inorganic growth options to accelerate the journey where it makes strategic and financial sense to do so."