**Summary of Empresaria Group PLC Interim Results for H1 2025**
**Key Highlights**
1. **Financial Performance**
**Revenue** £117.8 million (H1 2024: £121.8 million), a 3% decline year-on-year (YoY) on a constant currency basis (CC LFL).
**Net Fee Income (NFI)** £23.4 million (H1 2024: £25.3 million), down 8% YoY but up 0.1% on a CC LFL basis, with a return to growth in Q2 2025.
**Adjusted Operating Profit** £1.7 million (H1 2024: £1.0 million), up 70% YoY (55% CC LFL), driven by cost management.
**Profit Before Tax** £0.1 million (H1 2024: £(4.4) million), reflecting a significant improvement.
2. **Operational Performance**
**Core Operations**
**US** NFI up 38% YoY (CC LFL), driven by strong Healthcare and IT/Professional sectors.
**Offshore Services** NFI up 11% YoY (CC LFL), supported by diversified services and client base.
**UK** NFI down 9% YoY (CC LFL) due to challenging market conditions, though permanent placements showed improvement.
**Non-Core Operations** NFI down 7% YoY (CC LFL), impacted by weaker performance in Germany and APAC.
3. **Strategic Initiatives**
**Accelerated Strategy** Focus on core operations (UK, US, and Offshore Services) with targeted investments in growth initiatives, including training and technology upgrades.
**Non-Core Exits** Progress in exiting non-core operations, with active discussions ongoing to maximize shareholder value.
4. **Financial Position**
**Net Debt** Increased to £16.1 million (31 December 2024: £15.3 million), primarily due to foreign exchange movements.
**Liquidity** Financing facilities totaling £37.9 million, with undrawn facilities of £3.7 million.
5. **Outlook**
Full-year results expected to be in line with the Boards expectations, despite macroeconomic uncertainties.
**CEO Commentary (Rhona Driggs)**
The CEO highlighted progress in H1 2025, particularly the return to NFI growth in Q2, driven by strong performance in the US and Offshore Services. Disciplined cost management and strategic investments in core operations were emphasized. Despite ongoing macroeconomic challenges, the Group remains confident in delivering full-year results in line with expectations.
**Investor Engagement**
An online presentation was announced for investors via the Investor Meet Company platform, with a focus on transparency and communication.
**Conclusion**
Empresaria Group demonstrated resilience in H1 2025, achieving profit improvement and returning to NFI growth in a challenging market. Strategic focus on core operations and cost management positions the Group for continued progress, with full-year results expected to meet Board expectations.