Business
Trading Update
Trading Update.
About this update from Zoo Digital Group Plc
[{"type":"text","content":"\n\nThis Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this Announcement, this inside information is now considered to be in the public domain.\n \n8 May 2025\n \nZOO DIGITAL GROUP PLC\n(\"ZOO\", the \"Group\" or the \"Company\")\n \nTrading Update\n \n· Subject to audit, FY25 revenue is expected to be up 22% to $49.4* million and adjusted EBITDA of at least $0.1 million (FY24: loss of $13.6 million)\n· Net cash as at 31 March 2025 of $2.6 million \n· Business is proactively restructuring its costs to focus on being profitable and cash-generative from a lower revenue base, reflecting the challenging trading conditions\n· $6.8 million of annualised fixed cost savings made since the start of FY25 with a further $1.7 million savings being implemented in FY26\n \nZOO Digital Group plc (AIM: ZOO), the localisation and digital media services partner to the global entertainment industry, provides a trading update for the financial year ended 31 March 2025 (\"FY25\").\n \nFurther to the announcement of 2 February 2025, the assets related to several high value projects were not delivered during FY25Q4 and are expected to be delivered during the first half of FY26. As a result, the Board expects revenue for FY25 to be $49.4 million, which is up 22% on the prior year, and for EBITDA (adjusted for share-based payments) to be at least $0.1 million (FY24: loss of $13.6 million)*.\n \nCash at 31 March 2025 was ahead of expectations at $2.6 million* due to a strong focus on cash management and working capital, including active management of trade creditors. The Group's invoice discounting facilities of $3 million and £2 million were unutilised at 31 March 2025. The Board expects to partially draw on these facilities during FY26. Cash management continues to be a key focus for the business.\n \nThe Board has continued its programme of cost reductions throughout 2025, having implemented $6.8 million of costs savings in FY25 attributed to people, property and legal and professional expe...