Business
Half-year Financial Report
Wilmington plc reported solid half-year results for the six months ended 31 December 2025, with ongoing revenue increasing by 17% to £47.7m, driven by a 4% organic growth. Adjusted EBITA rose 9% to £10.4m, while adjusted PBT remained steady at £11.8m, with a slight margin decrease to 25% due to acquisitions. The company acquired Conversia for £105.2m, increasing net debt to £65.0m, and continues to invest in its proprietary RegTech platform. Trading for the full year is in line with market expectations, supported by a strong contracted order book. The interim dividend has been increased by 3% to 3.10p. Disclaimer*
About this update from Wilmington Plc
[{"type":"text","content":"\n\n26 February 2026\nWilmington plc\n \nSolid growth and continued investment in proprietary RegTech platform\n \nWilmington plc, (LSE: WIL, 'Wilmington' or 'the Group') the GRC RegTech services group, today announces its half year results for the six months ended 31 December 2025 (H1 FY26).\n \nFinancial performance\n \n\n\n\n\n\n\n\nH1 FY26\n\n\nH1 FY25\n\n\nChange\n\n\n\n\nOngoing results[1]\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£47.7m\n\n\n£40.9m\n\n\n17%\n\n\n\n\nAdjusted EBITA[2]\n\n\n£10.4m\n\n\n£9.5m\n\n\n9%\n\n\n\n\nAdjusted PBT\n\n\n£11.8m\n\n\n£11.8m\n\n\n0%\n\n\n\n\nAdjusted PBT margin\n\n\n25%\n\n\n29%\n\n\n-4ppt\n\n\n\n\nAdjusted basic EPS[3]\n\n\n9.92p\n\n\n9.90p\n\n\n0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim dividend\n\n\n3.10p\n\n\n3.00p\n\n\n0.10p\n\n\n\n\nNet (debt)/cash[4]\n\n\n(£65.0m)\n\n\n£31.3m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStatutory continuing results\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n£47.7m\n\n\n£42.5m\n\n\n12%\n\n\n\n\nPBT\n\n\n£4.9m\n\n\n£5.7m\n\n\n(14%)\n\n\n\n\nBasic EPS\n\n\n2.72p\n\n\n3.30p\n\n\n(18%)\n\n\n\n\nAdjusted basic EPS\n\n\n9.93p\n\n\n9.52p\n\n\n4%\n\n\n\n\n \nHighlights\n· Strong ongoing revenue growth, up 17%. Organic1 revenue growth of 4%.\n \n§ Repeat revenues[5] now 73% of ongoing revenues (H1 FY25: 71%).\n§ Organic recurring revenues[6] 38% (H1 FY25: 38%).\n· Ongoing adjusted EBITA up 9% to £10.4m. Ongoing adjusted PBT steady at £11.8m (H1 FY25: £11.8m). As expected acquisitions caused a short-term impact on margins.\n· Net debt at 31 Dec 25 £65.0m (net cash at 31 Dec 24: £31.3m; 30 Jun 25: £42.2m) reflecting good cash conversion offset by acquisition of Conversia for £105.2m (£101.9m net of cash received).\n· Continued portfolio enhancement with Conversia acquisition in Dec 2025 - expands international position in the growing GRC Data Privacy markets and further improves quality of Group revenues and profits.\n· Continued investment in the development of single proprietary RegTech platform.\n· Overall trading for FY26 in line with market expectations[7] with a strong contracted order book for H2.\n \nMark Milner, Chief Executive Officer, comm...