Norman Broadbent Posts Record FY25 Profit and Revenue

Record Earnings and Turnaround Complete

Norman Broadbent PLC (AIM:NBB), an Executive Search firm, announced record financial results for the fiscal year 2025, signaling a successful strategic turnaround. The company reported significant growth across all key financial metrics, exceeding board expectations despite challenging market conditions.

Financial Performance Overview

The firm's net fee income (NFI) grew by 32% to £12.3 million, up from £9.3 million in the previous year. Underlying EBITDA experienced a massive 333% surge to £1.3 million. This performance drove a shift to profitability, with a profit before tax of £0.7 million, a stark contrast to last year's £0.2 million loss. The company's net cash position also strengthened to £1.5 million.

Future Strategy and Market Outlook

CEO Kevin Davidson confirmed the completion of the company's turnaround phase, having met its medium-term EBITDA target. Looking forward, Norman Broadbent plans to focus on scaling the business through targeted investments in headcount and exploring strategic acquisition opportunities to accelerate growth. The firm intends to maintain a disciplined approach to execution.

Summary

Norman Broadbent's record FY25 results demonstrate a robust recovery and strong operational performance. The company's future focus on strategic hiring and acquisitions positions it for continued expansion, though it remains cautious about the broader market environment.

FAQ

Q: What were Norman Broadbent's key financial achievements in FY25?

A: The company achieved a record £12.3 million in Net Fee Income, a 333% increase in underlying EBITDA to £1.3 million, and a profit before tax of £0.7 million.

Q: What is the company's growth strategy moving forward?

A: Norman Broadbent plans to invest in headcount to scale the business and will explore potential acquisitions to accelerate its growth trajectory.

Source: Investing.com