Business
Interim Results
Mercia Asset Management PLC reported interim results for the six months ended 30 September 2025, showing a robust performance with EBITDA growth of 14% to £4.2 million and an expanded EBITDA margin to 24.6%, leading to a 5% increase in the interim dividend to 0.39 pence per share. Assets under management (AuM) reached £2.0 billion, up from £1.988 billion at the end of the previous financial year, while revenue slightly decreased to £17.2 million from £17.9 million in the prior year's comparable period. The company maintained a strong liquidity position with £34.5 million in cash and cash equivalents. Disclaimer*
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n\n\n\n\n\n \n\n\n2 December 2025\n\n\n\n\n \nMercia Asset Management PLC\n(\"Mercia\" or the \"Group\" or the \"Company\")\n \nInterim results for the six months ended 30 September 2025\n \n14% EBITDA growth and EBITDA margin expansion supports a 5% increase in the interim dividend\n \nMercia Asset Management PLC (AIM: MERC), the regionally focused, private capital asset manager with £2.0billion of assets under management (\"AuM\"), is pleased to announce its interim results for the six months ended 30 September 2025.\nMark Payton, Chief Executive Officer of Mercia, commented:\n\"Mercia has delivered a robust first half performance with our increased economies of scale driving both EBITDA and EBITDA margin growth.\"\n\n\n\n\n\n\n\n\n\n\nUnaudited\n30 September\n2025\n\n\nUnaudited\n30 September\n2024\n\n\nAudited\n31 March\n2025\n\n\n\n\nStatutory results\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nRevenue\n\n\n£17.2m\n\n\n£17.9m\n\n\n£35.2m\n\n\n\n\n\n\n\nOperating profit\n\n\n£1.8m\n\n\n£1.3m\n\n\n£2.8m\n\n\n\n\n\n\n\nProfit before taxation\n\n\n£2.5m\n\n\n£2.4m\n\n\n£5.4m\n\n\n\n\n\n\n\nBasic earnings per share\n\n\n0.39p\n\n\n0.41p\n\n\n0.80p\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim1/total dividend per share\n\n\n0.39p\n\n\n0.37p\n\n\n0.95p\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nCash and cash equivalents\n\n\n£34.5m\n\n\n£46.2m\n\n\n£40.1m\n\n\n\n\n\n\n\nNet assets\n\n\n£187.1m\n\n\n£187.4m\n\n\n£187.9m\n\n\n\n\n \nAlternative performance measures\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\nAuM 2\n\n\n£2,000m\n\n\n£1,837m\n\n\n£1,988m\n\n\n\n\n\n\n\nEBITDA 3\n\n\n£4.2m\n\n\n£3.7m\n\n\n£7.6m\n\n\n\n\n\n\n\nEBITDA margin 4\n\n\n24.6%\n\n\n20.8%\n\n\n22.1%\n\n\n\n\n\n\n\nNet assets per share\n\n\n43.4p\n\n\n43.4p\n\n\n43.6p\n\n\n\n\n\n\n\n\n\n\n\n\n \n1 The interim dividend will be paid on 14 January 2026 to shareholders on the register at the close of business on 12 December 2025.\n2 AuM is defined as the value of funds under management from which the Group earns revenues, plus the Group's consolidated net assets.\n3 EBITDA is defined as operating profit/(loss) excluding performance fees net of attributable costs, depreciation, realised fair value (loss)/gain on the sale of direct investments, unreal...