Q3 2026 Trading Update
Norman Broadbent plc announced a record third quarter for Net Fee Income (NFI) in Q3 2026, reaching £3.5 million, surpassing both the prior year's £2.9 million and the previous quarter's £3.1 million. The company also added seven net new fee earners year-to-date, aligning with its growth strategy. This performance, achieved during the summer months in a challenging market, supports a positive outlook for the final quarter of 2026 and into 2027, with strong work in progress and continued investment in fee-earning capacity.
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Norman Broadbent (AIM: NBB), a leading Executive Search and Interim Management firm, with an ambitious growth plan to scale the business through disciplined investment in fee-earning capacity, announces a trading update for the third quarter ended 30 September 2026 (“Q3 26”).
Headlines
NFI of £3.5m for Q3 26 was ahead of both the prior-year and prior-quarter comparators (Q3 25: £2.9m; Q2 26: £3.1m) and reflects a record quarterly NFI performance for the Group
Secured seven net new fee earners year-to-date, consistent with the objective to invest in growth by increasing fee-earning capacity
Current work in progress supports a positive outlook for the final quarter of 2026 and into 2027
Kevin Davidson, CEO of Norman Broadbent, said: “Q3 has been a standout quarter, with a broad-based effort across the team helping us to achieve a new record-level of quarterly NFI for the group. To do this over the summer months, and in a tough market, reflects our commercial focus and the value we gain through investing in our people. We are building on the record financial performance in 2025 and, with continued growth in new project awards in Q3, start the final quarter of this year in a good position with NFI momentum and robust levels of work in progress. Added to this, we also have the benefit of our new hires working towards their fee earning potential which builds our future NFI capability. We look ahead therefore with confidence, both in terms of delivering another strong NFI performance in Q4 to round off a successful 2026 and in building our committed and visible pipeline into 2027.”
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