Factory plc, a UK-based experiential leisure business, released its interim results for the six months ended September 30, 2024. The company reported strong financial performance with a 33.2% increase in group revenue to £24.9 million, up from £18.7 million in the same period last year. This growth was driven by both its brands, Escape Hunt and Boom Battle Bar, which achieved positive like-for-like sales growth. The company also saw improvements in gross margin, which remained at 62.8%, and pre-IFRS 16 Group Adjusted EBITDA, which increased by 30.5% to £1.5 million. XP Factory plc also highlighted its post-period achievements, including a new £10 million revolving credit facility with Barclays and the announcement of medium-term growth targets, aiming to increase sales by 50% and double pre-IFRS 16 Adjusted EBITDA by March 2028. The company remains optimistic about its growth prospects and is focused on delivering sustainable long-term value creation.
| Financial Metrics | H1 FY2025 (£m) | H1 2023 (£m) | Change |
|---|---|---|---|
| Revenue | 24.9 | 18.7 | +33.2% |
| Gross Profit | 15.6 | 11.7 | +33.6% |
| Pre IFRS 16 Site level EBITDA | 5.6 | 5.0 | +11.3% |
| Pre IFRS 16 Group Adjusted EBITDA | 1.5 | 1.1 | +30.5% |
| Post IFRS16 Group Adjusted EBITDA | 3.2 | 2.4 | +34.7% |
| Free cash generation | 2.1 | 2.2 | -7.4% |