Time Out Group

TMO · AIM · Media · mcap £37m · 7.1p

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Financials · LTM to 31 Dec 25

Source: results 31 Mar 26 ↗

Going-concern uncertainty

Revenue: £74.1m
Operating profit: −£47.4m
Net income: −£64.5m
Free cash flow: −£11.8m
Net debt: £50.7m
Market cap: £37.2m
EV / EBIT: –
FCF yield: −31.7%
Price / book: –

Latest half-year · H1 Dec 25 vs H1 Dec 24 results 31 Mar 26 ↗

Revenue: £39.8m
Operating profit: −£321k
Net income: −£7.5m
Cash from operations: £1.7m

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

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: H1 Dec 25 (six months to 31 Dec 25), published 31 Mar 26 · read the results ↗

Source ↗

	Unaudited 6 months ended 31 Dec 2025 £'000	Unaudited 6 months ended 31 Dec 2024 £'000	Audited Year ended 30 Jun 2025 £'000
Revenue	39,752	38,868	73,225
Cost of sales	(6,493)	(6,561)	(12,776)
Gross profit	33,259	32,307	60,449
Administrative expenses	(33,580)	(34,933)	(75,085)
Impairment	-	-	(35,066)
Operating loss	(321)	(2,626)	(49,702)
Finance income	-	17	33
Finance costs	(6,681)	(4,239)	(9,177)
Loss before income tax	(7,002)	(6,848)	(58,846)
Income tax charge	(456)	(26)	(4,993)
Loss for the period/ year	(7,458)	(6,874)	(63,839)
Loss for the period/ year attributable to
Owners of the parent	(7,458)	(6,783)	(63,789)
Non-controlling interest	-	(1)	(50)
Loss for the period/ year	(7,458)	(6,874)	(63,839)
Loss per share
Basic and diluted loss per share (pence)	(1.9)	(1.9)	(18.2)

Source ↗

	Unaudited 6 months ended 31 Dec 2025 £'000	Unaudited 6 months ended 31 Dec 2024 £'000	Audited Year ended 30 Jun 2025 £'000
Assets
Non-current assets
Intangible assets - Goodwill	20,334	29,019	20,120
Intangible assets - Other	6,785	6,192	6,684
Property, plant and equipment	16,733	31,737	14,694
Right-of-use assets	16,345	30,891	16,802
Trade and other receivables	5,177	4,614	5,421
Deferred tax asset	-	3,998	-
Total non-current assets	65,374	106,541	63,721
Current assets
Inventories	824	926	704
Trade and other receivables	15,694	18,736	15,503
Cash and bank balances	5,424	4,837	2,622
Total current assets	21,942	24,499	18,829
Total assets	87,316	130,950	82,550
Liabilities
Current liabilities
Trade and other payables	(22,161)	(25,961)	(21,934)
Borrowings	(43,877)	(791)	(8,730)
Lease liabilities	(6,420)	(6,109)	(6,136)
Total current liabilities	(72,458)	(32,861)	(36,800)
Non-current liabilities
Deferred tax liabilities	-	(120)	-
Borrowings	(12,210)	(39,084)	(38,201)
Lease liabilities	(35,394)	(33,544)	(35,879)
Total non-current liabilities	(47,604)	(72,748)	(74,080)
Total liabilities	(120,062)	(105,609)	(110,880)
Net assets	(32,746)	25,341	(28,330)
Equity
Called up share capital	393	357	357
Share premium	197,415	194,607	194,607
Translation reserves	4,019	758	4,403
Capital redemption reserve	1,105	1,105	1,105
Accumulated losses	(235,632)	(171,440)	(228,747)
Total parent shareholders' equity	(32,700)	25,387	(28,275)
Non-controlling interest	(44)	(48)	(55)
Total equity	(32,744)	25,339	(28,330)

Source ↗

	Unaudited 6 months ended 31 Dec 2025 £'000	Unaudited 6 months ended 31 Dec 2024 £'000	Audited Year ended 30 Jun 2025 £'000
Cash flow from operating activities
Cash generated from/ (used in) operations	2,223	368	(2,158)
Interest paid	(184)	(1,721)	(2,856)
Tax paid	(351)	(85)	(981)
Net cash generated from / (used in) from operating activities	1,688	(1,438)	(5,995)
Cash flows from investing activities
Purchase of property, plant and equipment	(2,759)	(4,203)	(1,436)
Purchase of intangible assets	(825)	(941)	(3,282)
Interest received	-	17	33
Net cash used in investing activities	(3,584)	(5,127)	(4,685)
Cash flows from financing activities
Proceeds from share issue	2,886	8,056	8,476
Cost of share issue	(46)	-	(420)
Proceeds from borrowings	4,900	-	5,699
Costs related to borrowings	(147)	-	(315)
Repayment of borrowings	(360)	(103)	(563)
Repayment of lease liabilities	(2,494)	(2,154)	(5,431)
Net cash generated from financing activities	4,739	5,799	7,536
Increase/ (decrease) in cash and cash equivalents	2,843	(766)	(3,144)
Cash and cash equivalents at the start of the period/ year	2,622	5,903	5,903
Effect of foreign exchange rate change	(41)	(300)	(137)
Cash and cash equivalents at the end of the period/ year	5,424	4,837	2,622

Source ↗

	2025 £'000	Restated* 2024 £'000
Revenue	73,225	103,112
Cost of sales	(12,776)	(38,383)
Gross profit	60,449	64,729
Administrative expenses	(75,085)	(65,106)
Impairment	(35,066)	-
Operating loss	(49,702)	(377)
Finance income	33	493
Finance costs	(9,177)	(9,485)
Loss before income tax	(58,846)	(9,369)
Income tax (charge)/ credit	(4,993)	3,917
Loss for the year	(63,839)	(5,452)
Loss for the year attributable to
Owners of the parent	(63,789)	(5,408)
Non-controlling interest	(50)	(44)
Loss for the year	(63,839)	(5,452)
Loss per share
Basic and diluted loss per share (pence)	(18.2)	(1.6)

Source ↗

	2025 £'000	Restated* 2024 £'000
Assets
Non-current assets
Intangible assets - Goodwill	20,120	29,300
Intangible assets - Other	6,684	5,753
Property, plant and equipment	14,694	30,771
Right-of-use assets	16,802	31,736
Trade and other receivables	5,421	4,702
Deferred tax asset	-	4,058
Total non-current assets	63,721	106,320
Current assets
Inventories	704	823
Trade and other receivables	15,503	19,243
Cash and bank balances	2,622	5,903
Total current assets	18,829	25,969
Total assets	82,550	132,289
Liabilities
Current liabilities
Trade and other payables	(21,934)	(24,898)
Borrowings	(8,730)	(7,675)
Lease liabilities	(6,136)	(5,469)
Total current liabilities	(36,800)	(38,042)
Non-current liabilities
Deferred tax liability	-	(140)
Borrowings	(38,201)	(31,207)
Lease liabilities	(35,879)	(34,912)
Total non-current liabilities	(74,080)	(66,259)
Total liabilities	(110,880)	(104,301)
Net assets	(28,330)	27,988
Equity
Called-up share capital	357	340
Share Premium	194,607	186,568
Translation reserve	4,403	6,084
Capital redemption reserve	1,105	1,105
Accumulated losses	(228,747)	(166,062)
Total parent shareholders' equity	(28,275)	28,035
Non-controlling interest	(55)	(47)
Total Equity	(28,330)	27,988

Source ↗

	2025 £'000	2024 £'000
Cash flow from operating activities
Cash (used in)/ generated from operations	(2,158)	12,557
Interest paid	(2,856)	(1,755)
Tax paid	(981)	(1,120)
Net cash (used in)/ generated from operating activities	(5,995)	9,682
Cash flows from investing activities
Purchase of property, plant and equipment	(1,436)	(9,832)
Purchase of intangible assets	(3,282)	(815)
Interest received	33	53
Net cash used in investing activities	(4,685)	(10,594)
Cash flows from financing activities
Proceeds from share issue	8,476	1,007
Cost of share issue	(420)	-
Proceeds from borrowings	5,699	5,148
Costs related to borrowings	(315)	(100)
Repayment of borrowings	(563)	-
Repayment of lease liabilities	(5,431)	(4,255)
Net cash generated from financing activities	7,536	1,800
(Decrease)/ increase in cash and cash equivalents	(3,144)	888
Cash and cash equivalents at the start of the year	5,903	5,094
Effect of foreign exchange rate change	(137)	(79)
Cash and cash equivalents at the end of the year	2,622	5,903

	LTM Dec 25	FY Jun 25	FY Jun 24
Revenue to operating profit
Revenue	74.1	73.2	103.1
Gross profit	61.4	60.4	64.7
Adjusted EBITDA	8.2	7.1	12.4
Operating profit	(47.4)	(49.7)	(0.4)
Amortisation	2.3	2.1	1.8
Share-based payments	1.0	1.1	1.8
Operating profit to net income
Finance costs	(11.6)	(9.2)	(9.5)
Profit before tax	(59.0)	(58.8)	(9.4)
Tax	(5.4)	(5.0)	3.9
Net income (owners)	(64.5)	(63.8)	(5.4)
Per share
EPS basic	(18.2p)	(18.2p)	(1.6p)
EPS diluted	(18.2p)	(18.2p)	(1.6p)

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue to operating profit
Revenue	39.8	+2%	34.4	38.9
Gross profit	33.3	+3%	28.1	32.3
Adjusted EBITDA	6.0	+23%	2.2	4.8
Operating profit	(0.3)	n/m	(47.1)	(2.6)
Amortisation	0.7	+44%	1.6	0.5
Share-based payments	0.6	−15%	0.5	0.7
Operating profit to net income
Finance costs	(6.7)	+58%	(4.9)	(4.2)
Profit before tax	(7.0)	n/m	(52.0)	(6.8)
Tax	(0.5)	n/m	(5.0)	(0.0)
Net income (owners)	(7.5)	n/m	(57.0)	(6.8)
Per share
EPS basic	(1.9p)	–	(16.3p)	(1.9p)
EPS diluted	(1.9p)	–	(16.3p)	(1.9p)

	LTM Dec 25	FY Jun 25	FY Jun 24
Operating activities
Cash from operations	(2.9)	(6.0)	9.7
Interest paid	(1.3)	(2.9)	(1.8)
Tax paid	(1.2)	(1.0)	(1.1)
Investing activities
Capex (PP&E)	0.0	(1.4)	(9.8)
Capex (intangibles)	(3.2)	(3.3)	(0.8)
Financing activities
Lease principal paid	(5.8)	(5.4)	(4.3)
Shares issued	3.3	8.5	1.0

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Operating activities
Cash from operations	1.7	n/m	(4.6)	(1.4)
Interest paid	(0.2)	−89%	(1.1)	(1.7)
Tax paid	(0.4)	n/m	(0.9)	(0.1)
Investing activities
Capex (PP&E)	(2.8)	−34%	2.8	(4.2)
Capex (intangibles)	(0.8)	−12%	(2.3)	(0.9)
Financing activities
Lease principal paid	(2.5)	+16%	(3.3)	(2.2)
Shares issued	2.9	−64%	0.4	8.1

	31 Dec 25	30 Jun 25	30 Jun 24
Non-current assets
Goodwill	20.3	20.1	29.3
Other intangibles	6.8	6.7	5.8
Property, plant & equipment	16.7	14.7	30.8
Non-current assets	–	63.7	106.3
Current assets
Inventories	0.8	0.7	0.8
Trade receivables	15.7	15.5	19.2
Cash	5.4	2.6	5.9
Current assets	–	18.8	26.0
Total assets	87.3	82.5	132.3
Current liabilities
Trade payables	22.2	21.9	24.9
Borrowings, current	43.9	8.7	7.7
Lease liabilities, current	6.4	6.1	5.5
Current liabilities	–	36.8	38.0
Non-current liabilities
Borrowings, non-current	12.2	38.2	31.2
Lease liabilities, non-current	35.4	35.9	34.9
Non-current liabilities	–	74.1	66.3
Total liabilities	120.1	110.9	104.3
Equity
Non-controlling interests	(0.0)	(0.1)	(0.0)
Total equity	(32.7)	(28.3)	28.0
Net cash and other figures
Net cash / (debt) ex leases	(50.7)	(44.3)	(33.0)

	31 Dec 25	30 Jun 25	31 Dec 24	30 Jun 24
Non-current assets
Goodwill	20.3	20.1	29.0	29.3
Other intangibles	6.8	6.7	6.2	5.8
Property, plant & equipment	16.7	14.7	31.7	30.8
Non-current assets	–	63.7	–	106.3
Current assets
Inventories	0.8	0.7	0.9	0.8
Trade receivables	15.7	15.5	18.7	19.2
Cash	5.4	2.6	4.8	5.9
Current assets	–	18.8	–	26.0
Total assets	87.3	82.5	130.9	132.3
Current liabilities
Trade payables	22.2	21.9	26.0	24.9
Borrowings, current	43.9	8.7	0.8	7.7
Lease liabilities, current	6.4	6.1	6.1	5.5
Current liabilities	–	36.8	–	38.0
Non-current liabilities
Borrowings, non-current	12.2	38.2	39.1	31.2
Lease liabilities, non-current	35.4	35.9	33.5	34.9
Non-current liabilities	–	74.1	–	66.3
Total liabilities	120.1	110.9	105.6	104.3
Equity
Non-controlling interests	(0.0)	(0.1)	(0.0)	(0.0)
Total equity	(32.7)	(28.3)	25.3	28.0
Net cash and other figures
Net cash / (debt) ex leases	(50.7)	(44.3)	(35.0)	(33.0)

Read automatically from each results announcement. Check the source before relying on a figure.

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Company filings. Not investment advice.