The Pebble Group

PEBB · AIM · Media · mcap £78m · 57.5p

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Financials · LTM to 30 Jun 26

Source: results 08 Sep 26 ↗

Revenue: £127m
Operating profit: £5.9m
Net income: £4.3m
Free cash flow: £8.6m
Net debt: £1.2m
Market cap: £78.1m
EV / EBIT: 13.4×
FCF yield: +11.0%
Price / book: 1.0×

Latest half-year · H1 26 vs H1 25 results 08 Sep 26 ↗

Revenue: £60.7m
Operating profit: £1.4m
Net income: £898k
Cash from operations: £1.1m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Latest interim Latest annual

Unaudited Half Year Results 2026, published 08 Sep 26 · read the announcement ↗

CONSOLIDATED INCOME STATEMENT

	Unaudited 6 months ended 30 June 2026 £'000	Unaudited 6 months ended 30 June 2025 £'000	Audited Year ended 31 December 2025 £'000
Revenue	60,741	58,594	124,659
Cost of goods sold	(33,638)	(32,166)	(67,725)
Gross profit	27,103	26,428	56,934
Operating expenses	(25,716)	(23,618)	(49,579)
Operating profit	1,387	2,810	7,355
Analysed as
Adjusted EBITDA 1	6,617	6,176	15,819
Depreciation	(1,147)	(1,054)	(2,122)
Amortisation	(3,101)	(2,645)	(6,011)
Share-based payment (charge)/credit	(982)	333	(331)
Total operating profit	1,387	2,810	7,355
Finance expense	(205)	(247)	(477)
Profit before taxation	1,182	2,563	6,878
Income tax expense	(284)	(559)	(1,500)
Profit for the period	898	2,004	5,378
Basic earnings per share	0.62p	1.24p	3.45p
Diluted earnings per share	0.61p	1.24p	3.44p

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	Unaudited As at 30 June 2026 £'000	Unaudited As at 30 June 2025 £'000	Audited As at 31 December 2025 £'000
Assets
Non-current assets
Intangible assets	58,518	59,326	58,724
Property, plant and equipment	4,802	5,983	5,503
Deferred tax asset	-	495	-
Total non-current assets	63,320	65,804	64,227
Current assets
Inventories	14,811	16,308	11,141
Trade and other receivables	34,338	34,149	32,784
Current tax asset	734	287	738
Cash and cash equivalents	3,874	6,003	9,637
Total current assets	53,757	56,747	54,300
Total assets	117,077	122,551	118,527
Liabilities
Non-current liabilities
Lease liability	2,700	4,109	3,457
Deferred tax liability	2,298	1,836	2,611
Total non-current liabilities	4,998	5,945	6,068
Current liabilities
Borrowings	5,100	-	-
Lease liability	1,789	1,697	1,727
Trade and other payables	28,385	29,854	28,505
Current tax liability	-	362	-
Total current liabilities	35,274	31,913	30,232
Total liabilities	40,272	37,858	36,300
Net assets	76,805	84,693	82,227
Equity
Share capital	1,404	1,594	1,487
Share premium	78,451	78,451	78,451
Own share reserve	(353)	(52)	(647)
Capital reserve	396	206	313
Merger reserve	(103,581)	(103,581)	(103,581)
Translation reserve	(2,239)	(3,922)	(2,951)
Share-based payment reserve	1,835	768	1,370
Retained earnings	100,892	111,229	107,785
Total equity	76,805	84,693	82,227

CONSOLIDATED CASH FLOW STATEMENT

	Unaudited 6 months ended 30 June 2026 £'000	Unaudited 6 months ended 30 June 2025 £'000	Audited Year ended 31 December 2025 £'000
Profit before taxation	1,182	2,563	6,878
Adjustments for
Depreciation	1,147	1,054	2,122
Amortisation	3,101	2,645	6,011
Share-based payment charge/(credit)	982	(333)	331
Finance expense	205	247	477
Cash flows from operating activities before changes in working capital	6,617	6,176	15,819
Change in inventories	(3,579)	(4,433)	867
Change in trade receivables	(1,268)	(4,631)	(2,152)
Change in trade payables	(362)	1,867	(451)
Cash flows from/(used in) operating activities	1,408	(1,021)	14,083
Income taxes paid	(310)	(571)	(822)
Net cash flows from/(used in) operating activities	1,098	(1,592)	13,261
Cash flows from investing activities
Purchase of property, plant and equipment	(188)	(100)	(390)
Purchase of intangible assets	(2,497)	(2,226)	(4,498)
Net cash flows used in investing activities	(2,685)	(2,326)	(4,888)
Cash flows from financing activities
Lease payments - capital	(985)	(805)	(1,669)
Lease payments - interest	(112)	(159)	(298)
Interest paid	(69)	(34)	(66)
Dividend paid	(2,955)	(2,963)	(2,963)
Proceeds from borrowings	5,100	-	-
Purchase of own shares	(4,860)	(2,220)	(9,042)
Purchase of own shares by EBT	(337)	-	(598)
Net cash flows used in financing activities	(4,218)	(6,181)	(14,636)
Net cash flows	(5,805)	(10,099)	(6,263)
Cash and cash equivalents at beginning of period	9,637	16,459	16,459
Effects of exchange rate changes	42	(357)	(559)
Cash and cash equivalents at end of period	3,874	6,003	9,637

Audited Full Year Results 2025, published 17 Mar 26 · read the announcement ↗

CONSOLIDATED INCOME STATEMENT · For the year ended 31 December 2025

	2025 £'000	2024 £'000
Revenue	124,659	125,268
Cost of goods sold	(67,725)	(69,816)
Gross profit	56,934	55,452
Operating expenses	(49,579)	(46,829)
Operating profit	7,355	8,623
Analysed as
Adjusted EBITDA 1	15,819	16,687
Depreciation	(2,122)	(2,206)
Amortisation	(6,011)	(6,316)
Share-based payment (charge)/credit	(331)	458
Operating profit	7,355	8,623
Finance expense	(477)	(545)
Profit before taxation	6,878	8,078
Income tax expense	(1,500)	(1,712)
Profit for the year	5,378	6,366
Basic earnings per share	3.45p	3.83p
Diluted earnings per share	3.44p	3.82p

CONSOLIDATED STATEMENT OF FINANCIAL POSITION · As at 31 December 2025

	2025 £'000	2024 £'000
Assets
Non-current assets
Intangible assets	58,724	61,758
Property, plant and equipment	5,503	7,123
Deferred tax asset	-	285
Total non-current assets	64,227	69,166
Current assets
Inventories	11,141	12,095
Trade and other receivables	32,784	30,651
Cash and cash equivalents	9,637	16,459
Current tax asset	738	49
Total current assets	54,300	59,254
Total assets	118,527	128,420
Liabilities
Non-current liabilities
Lease liability	3,457	5,185
Deferred tax liability	2,611	1,645
Total non-current liabilities	6,068	6,830
Current liabilities
Lease liability	1,727	1,652
Trade and other payables	28,505	28,562
Total current liabilities	30,232	30,214
Total liabilities	36,300	37,044
Net assets	82,227	91,376
Equity
Share capital	1,487	1,648
Share premium	78,451	78,451
Own share reserve	(647)	(251)
Capital reserve	313	152
Merger reserve	(103,581)	(103,581)
Translation reserve	(2,951)	(701)
Share-based payment reserve	1,370	1,442
Retained earnings	107,785	114,216
Total equity	82,227	91,376

CONSOLIDATED CASH FLOW STATEMENT · For the year ended 31 December 2025

	2025 £'000	2024 £'000
Profit before taxation	6,878	8,078
Adjustments for
Depreciation	2,122	2,206
Amortisation	6,011	6,316
Share-based payment charge/(credit)	331	(458)
Finance expense	477	545
Cash flows from operating activities before changes in working capital	15,819	16,687
Change in inventories	867	(285)
Change in trade and other receivables	(2,152)	(635)
Change in trade and other payables	(451)	(293)
Cash flows from operating activities	14,083	15,474
Income taxes paid	(822)	(2,655)
Net cash flows from operating activities	13,261	12,819
Cash flows from investing activities
Purchase of property, plant and equipment	(390)	(203)
Purchase of intangible assets	(4,498)	(6,559)
Net cash flows used in investing activities	(4,888)	(6,762)
Cash flows from financing activities
Lease payments - capital	(1,669)	(1,702)
Lease payments - interest	(298)	(357)
Interest paid	(66)	(86)
Dividends paid	(2,963)	(2,005)
Share-based payments - cash-settled	-	(7)
Purchase of own shares	(9,042)	(1,416)
Purchase of own shares by EBT	(598)	(109)
Net cash flows used in financing activities	(14,636)	(5,682)
Net cash flows	(6,263)	375
Cash and cash equivalents at beginning of year	16,459	15,898
Effects of exchange rate changes	(559)	186
Cash and cash equivalents at end of year	9,637	16,459

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 08 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	126.8	124.7	125.3
Gross profit	57.6	56.9	55.5
Adjusted EBITDA	16.3	15.8	16.7
Operating profit	5.9	7.4	8.6
Depreciation (owned assets)	(2.2)	(2.1)	–
Amortisation	(6.5)	(6.0)	(6.3)
Share-based payments	(1.6)	(0.3)	0.5
Operating profit to net income
Finance costs	(0.4)	(0.5)	(0.5)
Profit before tax	5.5	6.9	8.1
Tax	(1.2)	(1.5)	(1.7)
Net income (owners)	4.3	5.4	6.4
Per share
EPS basic	2.8p	3.5p	3.8p
EPS diluted	2.8p	3.4p	3.8p
Dividend per share	–	2.0p	1.9p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	60.7	+4%	66.1	58.6
Gross profit	27.1	+3%	30.5	26.4
Adjusted EBITDA	6.6	+7%	9.6	6.2
Operating profit	1.4	−51%	4.5	2.8
Depreciation (owned assets)	(1.1)	+9%	(1.1)	(1.1)
Amortisation	(3.1)	+17%	(3.4)	(2.6)
Share-based payments	(1.0)	n/m	(0.7)	0.3
Operating profit to net income
Finance costs	(0.2)	−17%	(0.2)	(0.2)
Profit before tax	1.2	−54%	4.3	2.6
Tax	(0.3)	−49%	(0.9)	(0.6)
Net income (owners)	0.9	−55%	3.4	2.0
Per share
EPS basic	0.6p	–	2.2p	1.2p
EPS diluted	0.6p	–	2.2p	1.2p

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	16.0	13.3	12.8
Interest paid	(0.1)	(0.1)	(0.1)
Tax paid	(0.6)	(0.8)	(2.7)
Investing activities
Capex (PP&E)	(0.5)	(0.4)	(0.2)
Capex (intangibles)	(4.8)	(4.5)	(6.6)
Financing activities
Lease principal paid	(1.8)	(1.7)	(1.7)
Lease interest paid	(0.3)	(0.3)	(0.4)
Dividends paid	(3.0)	(3.0)	(2.0)
Share buybacks	(11.7)	(9.0)	(1.4)

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	1.1	n/m	14.9	(1.6)
Interest paid	(0.1)	n/m	(0.0)	(0.0)
Tax paid	(0.3)	−46%	(0.3)	(0.6)
Investing activities
Capex (PP&E)	(0.2)	+88%	(0.3)	(0.1)
Capex (intangibles)	(2.5)	+12%	(2.3)	(2.2)
Financing activities
Lease principal paid	(1.0)	+22%	(0.9)	(0.8)
Lease interest paid	(0.1)	−30%	(0.1)	(0.2)
Dividends paid	(3.0)	0%	0.0	(3.0)
Share buybacks	(4.9)	+119%	(6.8)	(2.2)

	Latest Jun 26	FY 25	FY 24
Non-current assets
Goodwill	–	35.8	36.0
Property, plant & equipment	4.8	5.5	7.1
Non-current assets	63.3	64.2	69.2
Current assets
Inventories	14.8	11.1	12.1
Trade receivables	34.3	32.8	30.7
Cash	3.9	9.6	16.5
Current assets	53.8	54.3	59.3
Total assets	117.1	118.5	128.4
Current liabilities
Trade payables	28.4	28.5	28.6
Borrowings, current	5.1	–	–
Lease liabilities, current	1.8	1.7	1.7
Current liabilities	35.3	30.2	30.2
Non-current liabilities
Lease liabilities, non-current	2.7	3.5	5.2
Non-current liabilities	5.0	6.1	6.8
Total liabilities	40.3	36.3	37.0
Equity
Total equity	76.8	82.2	91.4
Net cash and other figures
Shares in issue	–	148.7m	–
Undrawn facilities	–	10.0	–

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Goodwill	–	35.8	–	36.0
Property, plant & equipment	4.8	5.5	6.0	7.1
Non-current assets	63.3	64.2	65.8	69.2
Current assets
Inventories	14.8	11.1	16.3	12.1
Trade receivables	34.3	32.8	34.1	30.7
Cash	3.9	9.6	6.0	16.5
Current assets	53.8	54.3	56.7	59.3
Total assets	117.1	118.5	122.6	128.4
Current liabilities
Trade payables	28.4	28.5	29.9	28.6
Borrowings, current	5.1	–	–	–
Lease liabilities, current	1.8	1.7	1.7	1.7
Current liabilities	35.3	30.2	31.9	30.2
Non-current liabilities
Lease liabilities, non-current	2.7	3.5	4.1	5.2
Non-current liabilities	5.0	6.1	5.9	6.8
Total liabilities	40.3	36.3	37.9	37.0
Equity
Total equity	76.8	82.2	84.7	91.4
Net cash and other figures
Shares in issue	–	148.7m	–	–
Undrawn facilities	–	10.0	–	–

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.