Business
Final Results
Norman Broadbent PLC reported a record financial performance for the fiscal year ending December 31, 2025, with Net Fee Income (NFI) increasing by 32% to £12.3 million and Underlying EBITDA surging by 333% to £1.3 million, achieving a previously set target. The company also saw its net cash position improve significantly, swinging from a net debt of £0.1 million in 2024 to £1.5 million in 2025, after fully repaying a CBILS loan. This strong performance, driven by productivity enhancements and cost discipline, marks the completion of the company's turnaround strategy, and the Group has begun FY26 with disciplined investment in growth, including the acquisition of Society Limited. Disclaimer*
About this update from Norman Broadbent Plc
[{"type":"text","content":"\n\n \nNorman Broadbent plc\n(\"Norman Broadbent\", the \"Company\" or the \"Group\")\n \nFinal results\n \nRecord financial performance for FY25; disciplined investment in growth as we start FY26\n \nNorman Broadbent (AIM: NBB), a leading Executive Search and Interim Management firm, is pleased to announce its audited final results for the year ended 31 December 2025 (\"FY 2025\").\nFinancial Highlights\nThe table below summarises the financial results for the Group:\n \n\n\n\n\n\n\n\n12 months ended 31 Dec 2025\n\n\n12 months ended 31 Dec 2024\n\n\n\n\n\n\n\n\n\n\n\n\n\n£m (audited)\n\n\n£m (audited)\n\n\nPercentage growth\n\n\n\n\n\n\n\nNet Fee Income[1]\n\n\n12.3\n\n\n9.3\n\n\n32%\n\n\n\n\n\n\n\nUnderlying EBITDA[2]\n\n\n1.3\n\n\n0.3\n\n\n333%\n\n\n\n\n\n\n\nEBITDA margin\n\n\n11%\n\n\n3%\n\n\n-\n\n\n\n\n\n\n\nProfit/(loss) for the period\n\n\n0.6\n\n\n(0.2)\n\n\n-\n\n\n\n\n\n\n\nNet cash/(debt)3\n\n\n1.5\n\n\n0.1\n\n\n1400%\n\n\n\n\n\n\n\n \n[1] Net Fee Income is equivalent to Gross Profit, being revenue less cost of sales\n[2] Excludes share based payment charges and restructuring costs\n[3] Excludes lease liabilities\n· NFI of £12.3m and underlying EBITDA2 of £1.3m reflects the strongest trading performance in over a decade against a tough market backdrop and delivers on the medium-term EBITDA target set four years ago\n· £0.8m improvement in PBT compared with FY24 reflects productivity enhancements and cost discipline and highlights the operating leverage of the business as it scales \n· Net cash generated by operations of £1.9m reflects strong trading and a focus on working capital management\n· Year-end net cash3 of £1.5m is a £1.4m positive swing from FY24 reflecting the cash generative nature of the business as EBITDA grows and is after full repayment of the CBILS loan in 2025\n \nKevin Davidson, CEO of Norman Broadbent, said:\n \n\"With the FY25 results we have both completed the turnaround phase of our strategy and delivered on our medium-term underlying EBITDA target of £1.25 million. This performance was achieved against a backdrop of macroeconomic uncertainty and I am grateful for the dedication of the entire team in closing out a successful 2025. \nIn a market whe...