In This Article:
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Revenue: GBP378.4 million, down 3% year on year on a reported basis.
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Organic Revenue Performance: Down 1% in the first half.
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Adjusted Operating Profit: GBP100.7 million with a margin of 27%, flat year on year.
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Adjusted EPS Growth: 4% increase.
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Cash Generation: 111% of adjusted operating profit.
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Net Debt: GBP241 million, with leverage at 1.1%.
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Shareholder Returns: Over GBP43 million returned in the period, with a new GBP55 million share buyback program announced.
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B2C Performance: Flat year on year; magazines grew 1% organically.
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Go.Compare Revenue: GBP95 million, declined 1%.
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Gross Margin: 73%, up 1% point.
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Sales, Marketing, and Editorial Costs: Increased by 2%.
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Admin Costs and Other Overheads: Decreased by 10%.
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Cash Conversion: 111% of adjusted operating profit, generating GBP119 million of cash inflows.
Release Date: May 16, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Future PLC (FRA:FNWA) has announced a new share buyback program, returning over GBP43 million to shareholders in the first half alone.
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The company has successfully slowed the rate of decline in its magazine segment, achieving 1% organic growth in H1.
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Future PLC's investment in AI-enhanced recirculation has increased brand engagement and ad volume without additional costs.
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The company has launched T3 Germany using AI, expanding its reach with minimal editorial input and no incremental costs.
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Future PLC has maintained a stable adjusted operating profit margin of 27%, demonstrating disciplined cost management.
Negative Points
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Future PLC experienced a 3% year-on-year decline in revenue, with organic performance down 1%.
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The US digital advertising market faced uncertainty, impacting revenue in March and contributing to a 5% decline in Q2.
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The company's B2B segment continues to be challenged by the difficult enterprise tech market.
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Future PLC's audience sessions were down 4% in the first half, partly due to temporary issues with Google Discover traffic.
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The company has seen a slight loss in market share in the car insurance segment, dropping from second to third place.
Q & A Highlights
Q: Are there any specific initiatives around monetization of audiences on social media, and how is the rollout of Quisly progressing? A: Kevin Li Ying, CEO: Social media acts as an enabler for our audience, driving branded content campaigns, monetization, and brand awareness. Quisly is fresh, and we have a roadmap for integration and growth. We will provide updates in due course. Our mission remains value creation for shareholders through innovation and efficient monetization.