Empresaria Group Plc · LSE:EMR
Empresaria — H1 2025 Earnings Presentation
21 slides from Empresaria's earnings presentation, August 2025
Slide 1: Investor presentation
Investor presentation 2025 interim results, August 2025 Rhona Driggs Tim Anderson Chief Executive Officer Chief Financial Officer
Slide 2: Welcome
Welcome 3 Overview & highlights 6 Financial review Rhona Driggs 9 Operating review Chief Executive Officer 14 Summary Tim Anderson Chief Financial Officer 17 Appendices 2
Slide 3: Overview & highlights
Empresaria Overview & alielalivelalas
Slide 4: Financial overview
Financial overview • Improved net fee income performance with progressive quarterly improvement resulting in a return to growth: • H1 net fee income up 0.1% year-on-year (CC LFL). • Good progress in core operations with US net fee income up 38% and Offshore Services up 11% (CC LFL), together outweig
Slide 5: Operating overview
Operating overview • Delivered resilient performance despite ongoing macroeconomic headwinds. • Continued to deliver on strategy: • Offshore Services: • Continued progress on diversifying services and client base to accelerate growth. • Prioritised investment in US and UK: • Sales training delivered
Slide 6: Financial review
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Slide 7: Summary income statement
Summary income statement £m 2025 2024 % change % change (CC LFL*) Revenue 117.8 121.8 -3% +3% Net fee income 23.4 25.3 -8% +0% Administrative costs (21.7) (24.3) -11% Adjusted operating profit – core operations 2.6 1.4 +86% Adjusted operating profit – non-core operations 1.5 2.2 -32% 2024 exits - (0
Slide 8: Net debt
Net debt • Net debt at 30 June 2025 increased by £0.8m to 30 Jun 2025 31 Dec 2024 30 Jun 2024 £16.1m reflecting a significant, £1.4m, adverse foreign Net debt £16.1m £15.3m £13.3m exchange movement in the first half of the year, with Net finance costs £0.8m £1.6m £0.8m the majority related to cash b
Slide 9: Operating review
Empresaria Operating review
Slide 10: Core - UK
Core - UK 2025 % change £m 2025 2024 % change 17% 24% (CC LFL) Revenue 9.6 11.6 -17% -17% 2024 Net fee income 2.1 2.3 -9% -9% 83% 76% Adjusted operating loss (0.1) (0.5) +80% +80% % of Group net fee income 9% 9% Permanent Temporary & contract • UK NFI down 9%: • Permanent placement up 31%, but too e
Slide 11: Core - US
Core - US 2025 % change £m 2025 2024 % change 27% (CC LFL) 38% Revenue 4.4 3.6 +22% +26% 2024 62% Net fee income 1.1 0.8 +38% +38% 73% Adjusted operating loss (0.5) (0.7) +29% +29% % of Group net fee income 5% 3% Permanent Temporary & contract • Strong NFI growth driven by temporary and contract (+5
Slide 12: Core - Offshore Services
Core - Offshore Services % change £m 2025 2024 % change (CC LFL) Revenue 13.8 13.1 +5% +12% Net fee income 6.4 6.1 +5% +11% Adjusted operating profit 3.2 2.6 +23% +28% % of Group net fee income 26% 23% • Strong net fee income with growth in billable seats supported by improved diversification of rev
Slide 13: Non-core operations
Non-core operations 2025 % change £m 2024 2023 % change (CC LFL) 31% 34% Revenue 90.4 89.5 +1% +4% 2024 66% Net fee income 14.2 15.4 -8% -7% 69% Adjusted operating profit 1.5 2.2 -32% -27% % of Group net fee income 60% 60% Permanent Temporary & contract • Mixed results in commercial operations: • Go
Slide 14: Summary
Empresaria Summary
Slide 15: Summary
Summary • Resilient performance in what remains a challenging market: • Return to net fee income growth in Q2, led by our core operations. • Strong YOY operating profit growth. • Solid progress in executing our accelerated strategy announced in February: • Targeted investments in our core businesses
Slide 16: Empresaria
Empresaria 16
Slide 17: Appendices
Empresaria Appendices 17
Slide 18: Income statement
Income statement Six months ended 30 June % Change £m 2025 2024 % Change (constant currency) Revenue 117.8 121.8 -3% +3% Net fee Income 23.4 25.3 -8% +0% Administrative costs (21.7) (24.3) Adjusted operating profit* 1.7 1.0 +70% +55% Net finance costs (0.8) (0.8) Adjusted profit before tax* 0.9 0.2
Slide 19: Balance sheet
Balance sheet As at 30 June £m 2025 2024 Goodwill and other intangibles 31.6 35.2 Trade and other receivables 39.8 41.6 Cash and cash equivalents 15.6 16.5 Right-of-use assets 4.0 4.7 Other assets 5.7 8.1 Total assets 96.7 106.1 Trade and other payables (29.2) (29.8) Borrowings (31.7) (29.8) Lease l
Slide 20: Cash flow statement
Cash flow statement Six months ended 30 June £m 2025 2024 Loss for the period (0.6) (3.5) Depreciation, amortisation, fair value charge on acquisition of non-controlling shares, impairment of 3.9 4.0 goodwill, loss on sale of subsidiaries and share-based payments Tax and interest 1.5 (0.1) Working c
Slide 21: Cautionary Statement
Cautionary Statement The information contained in this presentation is not audited, is for personal use and informational purposes only and is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law