Business
2025 Full Year Results
Future PLC reported a revenue of £739.2 million for the year ended 30 September 2025, a 6% decrease from £788.2 million in the prior year, with adjusted EBITDA falling 7% to £223.4 million. Despite the revenue decline, the adjusted operating profit margin remained stable at 28%, and adjusted diluted EPS saw only a 1% decrease to 123.0 pence, supported by share buyback programs. The company announced a significant 5x increase in its dividend to 17.0 pence and a new £30 million share buyback program, demonstrating confidence in future performance, with expectations of modest organic revenue growth in FY2026 and a medium-term sustainable revenue growth of 2-4%. Disclaimer*
About this update from Future Plc
[{"type":"text","content":"\n\n4 December 2025\n\n\n \n \n \n \n \n \n \nFUTURE plc\n2025 FULL YEAR RESULTS\n \nBuilding the business for tomorrow whilst delivering on today\nFuture plc (LSE: FUTR, \"Future\", \"the Group\"), the global platform for specialist media, today publishes its results for the year ended 30 September 2025.\nHighlights\nFinancial results for the year ended 30 September 2025\n\n\n\n\nAdjusted results¹\n\n\nFY 2025\n\n\nFY 2024\n\n\nReported variance\n\n\nConstant currency variance¹\n\n\nOrganic variance¹\n\n\n\n\nRevenue (£m)\n\n\n739.2\n\n\n788.2\n\n\n(6)%\n\n\n(4)%\n\n\n(3)%\n\n\n\n\nAdjusted EBITDA (£m)\n\n\n223.4\n\n\n239.1\n\n\n(7)%\n\n\n(5)%\n\n\nn/a\n\n\n\n\nAdjusted operating profit (£m)\n\n\n205.4\n\n\n222.2\n\n\n(8)%\n\n\n(6)%\n\n\nn/a\n\n\n\n\nAdjusted operating profit margin (%)\n\n\n28%\n\n\n28%\n\n\nflat\n\n\nflat\n\n\nn/a\n\n\n\n\nAdjusted diluted EPS (p)\n\n\n123.0\n\n\n123.9\n\n\n(1)%\n\n\nn/a\n\n\nn/a\n\n\n\n\nAdjusted free cash flow (£m)\n \n\n\n177.0\n\n\n222.3\n\n\n(20)%\n\n\nn/a\n\n\nn/a\n\n\n\n\nStatutory results\n\n\nFY 2025\n\n\nFY 2024\n\n\nReported variance\n\n\n \n\n\n \n\n\n\n\nRevenue (£m)\n\n\n739.2\n\n\n788.2\n\n\n(6)%\n\n\n\n\n\n\n\n\n\n\nOperating profit (£m)\n\n\n121.9\n\n\n133.7\n\n\n(9)%\n\n\n\n\n\n\n\n\n\n\nOperating profit margin (%)\n\n\n16%\n\n\n17%\n\n\n(1)%\n\n\n\n\n\n\n\n\n\n\nProfit before tax (£m)\n\n\n91.9\n\n\n103.2\n\n\n(11)%\n\n\n\n\n\n\n\n\n\n\nDiluted EPS (p)\n\n\n62.1\n\n\n66.8\n\n\n(7)%\n\n\n\n\n\n\n\n\n\n\nCash generated from operations (£m)\n\n\n188.3\n\n\n230.0\n\n\n(18)%\n\n\n\n\n\n\n\n\n\n\n1 The Glossary section of this document provides definitions of, and reconciliations to, adjusted measures.\n \nKey highlights\n● Revenue was down (6)% year-on-year at £739.2m (FY 2024: £788.2m), with (3)% organic decline combined with adverse foreign exchange and previously announced business closures.\n● Adjusted Operating Profit margin maintained at 28% (FY 2024: 28%) balancing cost focus and investment.\n● Adjusted diluted EPS only down (1)% supported by the execution of share buyback programmes.\n● Strong balance sheet with £276.4m net debt (FY 2024: £256.5m) and leverage at 1.3x (FY 2024: 1.1x) reflecting £99.5m returned to shar...