Zinc Media Group (ZIN): Medium-term £50m revenue, £5m EBITDA targets

This situation live

ZIN Zinc Media Group

£13m · 44.5p · −9% since the first step

9 Dec 2025 · On course, per company · −7% until the next step the Group is on course to deliver its medium-term targets of £50m turnover and £5m EBITDA.

11 Feb 2026 · On track, FY25 record; £21m FY26 secured · −12% until the next step Overall, the Group is in a good position at the start of FY26, with a strong pipeline and benefitting from the full year impact of the cost savings made in the prior year, and remains on track to deli

16 Apr 2026 · FY25 delivered; £30m FY26 secured or advanced · +35% until the next step We enter 2026 with good momentum, with £30m of revenue already secured or highly advanced and a further £28m in pipeline, providing strong visibility for the year ahead.

27 Jul 2026 · FY26 secured revenue lower, H2-weighted, some slippage · −10% until the next step Furthermore, three secured FY26 projects have started later than anticipated pushing £5.5m of previously secured H1 revenue into H2.

23 Sep 2026 · FY26 guidance cut to £38m revenue, £1.4m EBITDA · −12% since £7m of production which was expected to contract for FY26 is now expected to be delayed into 2027.

Upgrade / downgrade cycle

Medium-term £50m revenue, £5m EBITDA targets

FY26 guidance cut to £38m revenue, £1.4m EBITDA

Next: deliver H2-weighted FY26 revenue of £38m

Every step · 5

9 Dec 2025 On course, per company – the Group is on course to deliver its medium-term targets of £50m turnover and £5m EBITDA. ↗
11 Feb 2026 On track, FY25 record; £21m FY26 secured – Overall, the Group is in a good position at the start of FY26, with a strong pipeline and benefitting from the full year impact of the cost savings made in... ↗
16 Apr 2026 FY25 delivered; £30m FY26 secured or advanced – We enter 2026 with good momentum, with £30m of revenue already secured or highly advanced and a further £28m in pipeline, providing strong visibility for... ↗
27 Jul 2026 FY26 secured revenue lower, H2-weighted, some slippage – Furthermore, three secured FY26 projects have started later than anticipated pushing £5.5m of previously secured H1 revenue into H2. ↗
23 Sep 2026 FY26 guidance cut to £38m revenue, £1.4m EBITDA – £7m of production which was expected to contract for FY26 is now expected to be delayed into 2027. ↗

What is happening

Zinc Media Group: Medium-term £50m revenue, £5m EBITDA targets – FY26 guidance cut to £38m revenue, £1.4m EBITDA. ['FY26 guidance cut to £38m revenue, £1.4m EBITDA']

In short: 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.
Announced: 9 Dec 2025 · On course, per company
Latest: 23 Sep 2026 · FY26 guidance cut to £38m revenue, £1.4m EBITDA
Secured only: £25m, against £35m at 30 June 2025
Slippage: £7m of production delayed into 2027; £8m moved from H1 into H2
Further pipeline: £16m for FY26
Cash: Gross cash £2.8m; net debt £1.1m at 30 June 2026
FY26 guidance: Revenue £38m, EBITDA £1.4m
Contracted FY26: £32m at 18 Sep 2026, plus £6m highly advanced
H1 result: Revenue £13.2m; adjusted EBITDA loss £0.9m
FY27 pipeline: £9m contracted or contracting; further £39m opportunity

What comes next

deliver H2-weighted FY26 revenue of £38m.

From the company's own announcements. Not investment advice.

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