Business
Results for the six months to 31 January 2025
Results for the six months to 31 January 2025.
About this update from Yougov Plc
[{"type":"text","content":"\n\n31 March 2025\nYouGov plc\n(\"YouGov\" or the \"Group\")\nResults for the six months to 31 January 2025\nResilient performance in H1; renewed focus on execution of the mid-term strategy\n \nYouGov, the international research and data analytics group, announces its results for the six months ended 31 January 2025.\n \n\n\n\n\nSummary of Results\n\n\n\n\n \n\n\nUnaudited\nsix months to\n31 January 2025\n \n£m\n\n\nUnaudited\nsix months to\n31 January 2024\n(restated)\n£m\n\n\nChange\n%\n \n\n\nUnderlying\nChange¹\n%\n\n\n\n\nRevenue\n\n\n191.7\n\n\n143.1\n\n\n34%\n\n\n2%\n\n\n\n\nAdjusted Operating Profit1\n\n\n30.1\n\n\n28.2\n\n\n7%\n\n\n(13%)\n\n\n\n\nAdjusted Operating Profit Margin (%)\n\n\n16%\n\n\n20%\n\n\n(400bps)\n\n\n-\n\n\n\n\nStatutory Operating Profit\n\n\n14.8\n\n\n9.6\n\n\n54%\n\n\n-\n\n\n\n\nAdjusted Profit before Tax1\n\n\n24.1\n\n\n30.6\n\n\n(21%)\n\n\n-\n\n\n\n\nStatutory Profit before Tax\n\n\n8.3\n\n\n10.5\n\n\n(21%)\n\n\n-\n\n\n\n\nAdjusted Earnings per Share1\n\n\n17.1p\n\n\n20.8p\n\n\n(18%)\n\n\n-\n\n\n\n\nStatutory Basic Earnings per Share\n\n\n6.8p\n\n\n4.0p\n\n\n70%\n\n\n-\n\n\n\n\n \n1. Defined in the explanation of non-IFRS measures below.\n \nFinancial highlights\n \n\n\n\n\n●\n\n\nRevenue growth of 34% (HY24: 9%) to £191.7m, largely driven by the inclusion of the CPS business, with underlying growth of 2% (HY24: 2%).\n\n\n\n\n●\n\n\nAdjusted operating profit grew 7% to £30.1m, down 13% on an underlying1 basis due to higher staff and data collection costs compared to the prior year.\n\n\n\n\n●\n\n\nAdjusted operating profit margin contracted by 400 basis points (bps) to 16%.\n\n\n\n\n●\n\n\nStatutory operating profit increased by 54% to £14.8m (HY24: £9.6m), due to the inclusion of CPS.\n\n\n\n\n●\n\n\nAdjusted earnings per share down by 18% to 17.1p (HY24: 20.8p). Statutory earnings per share has increased from 4.0p to 6.8p.\n\n\n\n\n●\n\n\nStable balance sheet position with cash at period end of £49.8m (31 January 2024: £53.4m) and leverage ratio of 2.0x net debt to EBITDA.\n\n\n\n\n \nOperational highlights\n \n\n\n\n\n●\n\n\nData Products delivered underlying1 growth of 1% in the period, driven by normalised renewal rates and our continued focus on maintaining strong client relationships in a challenging market environment.\n\n\n\n\n●\n\n\nResea...