Zinc Media Group
ZIN · AIM · Media · mcap £13m · 44.5p 3 open situations →
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Medium-term £50m revenue, £5m EBITDA targets
FY26 guidance cut to £38m revenue, £1.4m EBITDA
Medium-term targets of £50m revenue and £5m EBITDA were set in December 2025. In July 2026 £5m slipped into FY27. The 23 Sep 2026 interims cut FY26 guidance to £38m revenue and £1.4m EBITDA as £7m slips to 2027. H1 revenue was £13.2m with an EBITDA loss of £0.9m. The company still has high confidence in its £10m organic growth target by 2028.
- Secured only
- £25m, against £35m at 30 June 2025 27 Jul 2026 ↗
- Slippage
- £7m of production delayed into 2027; £8m moved from H1 into H2 23 Sep 2026 ↗
- Further pipeline
- £16m for FY26 27 Jul 2026 ↗
- Cash
- Gross cash £2.8m; net debt £1.1m at 30 June 2026 23 Sep 2026 ↗
- FY26 guidance
- Revenue £38m, EBITDA £1.4m 23 Sep 2026 ↗
- Contracted FY26
- £32m at 18 Sep 2026, plus £6m highly advanced 23 Sep 2026 ↗
Next: deliver H2-weighted FY26 revenue of £38m
- 23 Sep 2026 FY26 guidance cut to £38m revenue, £1.4m EBITDA
- 27 Jul 2026 FY26 secured revenue lower, H2-weighted, some slippage
- 16 Apr 2026 FY25 delivered; £30m FY26 secured or advanced
- 11 Feb 2026 On track, FY25 record; £21m FY26 secured
Stake building towards control
Aberdeen Group plc towards control
32.2926% (from 0%)
Led to Herald debt facilities and conversion – Partial conversion agreed; admission pending
Next: a 30% holder must bid (Rule 9)
- 7 Aug 2026 32.2926%
Balance-sheet stress / refinancing
Herald debt facilities and conversion
Partial conversion agreed; admission pending
Follows from Aberdeen Group plc towards control – 32.2926% (from 0%)
- 17 Apr 2026 Partial conversion agreed; admission pending
Company filings. Not investment advice.