Bloomsbury Publishing Plc · LSE:BMY
Bloomsbury Publishing — Q2 2026 Earnings Presentation
31 slides from Bloomsbury Publishing's earnings presentation, Oct 23, 2025
Slide 1: Bloomsbury Publishing Plc Results for the six months ended 31 August 2025
Bloomsbury Publishing Plc Results for the six months ended 31 August 2025
Slide 2: Highlights
Highlights Portfolio of portfolios: resilient model through consumer and academic diversification Revenue of £160m, profit of £24m, margin 15% and interim dividend up 5% First non-exclusive AI licensing agreement unlocks new monetisation opportunities Gillian Anderson’s Want No.1 bestseller, Katheri
Slide 3: Bloomsbury Investment Case
Flywheel effect of successful long term strategy • Diversified portfolio of Consumer and Academic publishing across formats and territories Bloomsbury • Investment in content driving demand, generating cash to fund investment and dividend Investment Consumer Case • Diversification across genres with
Slide 4: Dividend Growth
Dividend 20 years of dividend growth Growth Interim dividend Pence per share increases by 5% 11.54 10.99 10.34 9.78 9.40 7.58 6.36 6.75 6.89 4.56 4.84 5.08 5.34 5.60 4.31 3.65 4.19 3.00 3.00 3.30 3.47 3.70 3.89 4.08 0.60 0.66 0.70 0.75 0.78 0.81 0.89 0.94 0.98 1.02 1.06 1.10 1.15 1.21 1.28 1.28 1.34
Slide 5: Financial Highlights
Financial Highlights ’26 vs ‘25 Change Change CER3 £m H1 2025/26 H1 2024/25 H1 2023/24 % % Revenue 159.5 179.8 136.7 (11)% (9)% Pre-tax profit margin1 15.0% 14.8% 12.9% Pre-tax profit1 24.0 26.6 17.7 (10)% (6)% Effective tax rate2 21.6% 23.3% 19.0% Diluted EPS 22.98p 24.68p 17.47p (7)% (3)% Net cash
Slide 6: Balance Sheet
£m 31 August 31 August Balance Goodwill & acquired 2025 2024 Sheet intangibles 118.6 129.5 Internally generated 9.8 8.0 intangibles Property, plant & equipment 2.6 1.9 Balance sheet to support future Tax balances: deferred & 14.9 12.6 current growth Working capital (excl. tax) 63.4 43.9 Net impact o
Slide 7: Cashflow
H1 2025/26 Cashflow £m 24.0 (1.4) (1.8) (3.4) (9.4) (1.7) (20.9) 17.0 2.4 Net cash opening PBTA FX movement Tax Capex Dividends Purchase of shares Other Working Capital Net cash closing balance 28 Feb 2025 by the EBT balance 31 Aug 2025 Key working capital movements: Advances paid of £7.9m (H1 2024/
Slide 8: Academic & Professional
Academic & Operational developments driving revenue growth • Academic & Professional (A&P) revenue grew 20% to £46.1m Professional • First non-exclusive AI licensing agreement • Integration of Rowman & Littlefield substantially complete • Continued budgetary pressure on UK and US academic institutio
Slide 9: Academic & Professional
Academic & Professional £m H1 2025/26 H1 2024/25 H1 2023/24 H1 2025/26 H1 2025/26 vs vs 2024/25 2023/24 Print sales 15.6 17.4 14.7 (10)% 6% Academic & Digital sales (including Professional includes BDR and AI) 28.7 19.8 20.4 45% 41% Bloomsbury Digital Resources and the AI Other 1.8 1.3 1.3 38% 38% l
Slide 10: AI Licensing Agreement
AI Licensing IP value and quality of our academic list enabled first AI licensing agreement Agreement Bloomsbury engaging with our Academic & Professional authors inviting them to opt- in to the inclusion of their works in AI licensing opportunities First non-exclusive AI agreement Guardrails in pla
Slide 11: Academic: Bloomsbury Digital Resources
Academic: BDR Strategy Bloomsbury • Building higher margin, quality, repeatable digital revenues • Digitisation of Rowman & Littlefield content adding to BDR Collections Digital • Total BDR Collections title count up 44% year on year Resources BDR Revenue and Profit Profile Revenue £13.6m • Revenue
Slide 12: Consumer Bestsellers
Consumer • Non-fiction: Gillian Anderson’s Want paperback has been in the Top 10 on the Sunday Times bestseller list for 15 weeks, including 9 weeks at No.1 Bestsellers • Children’s: Katherine Rundell recently announced a multi-film agreement with Walt Disney Studios. The Poisoned King, the second i
Slide 13: Consumer
Consumer H1 2025/26 H1 2025/26 Special Interest is now £m H1 2025/26 H1 2024/25 H1 2023/24 vs 2024/25 vs 2023/24 reported within Consumer; numbers Print sales 80.5 107.0 78.0 (25)% 3% are restated Digital sales 20.9 31.0 18.3 (33)% 14% £113.4m Other 12.0 3.3 4.0 264% 200% Revenue (H1 2024/25: Total
Slide 14: Audio
Audio Expansion • Backlist of 1,500 titles and publishing 600 titles this year • Consumer narrators include Sam West reading Katherine Rundell’s The Poisoned King, Elizabeth Gilbert narrating her book All the Way to the River, and a multi-voice production of Samantha Shannon’s Among the Burning Flow
Slide 15: Strong publishing list for 2025/26
Strong publishing list for 2025/26 Bloomsbury Publishing | 2025/26 Interim Results 15
Slide 16: Bloomsbury 2030 Vision
Bloomsbury 2030 Vision Growth: Portfolio: People: H1 2025/26 Integration of Attracting leading Delivering the revenue of Rowman & talent in £160m, profit Littlefield publishing Bloomsbury 2030 Vision: £24m and substantially including new margin 15% complete CFOO Keith Growth, Portfolio and People Un
Slide 17: Summary and outlook
Summary and outlook Flywheel effect: Portfolio of AI monetisation: Outlook: portfolios: Investment in Consumer Unlocking new The Board content driving bestsellers monetisation expects to strong customer alongside opportunities in deliver full demand, diversification in Academic year profit generatin
Slide 18: Bloomsbury Publisher of the Year 2025
Bloomsbury Publisher of the Year 2025 Bloomsbury Publishing | 2025/26 Interim Results 18
Slide 19: Appendices
Appendices Shareholders, analysts, advisors and Bloomsbury management, LSE; May 2025 Nigel Newton at Hachette UK Distribution on launch day; March 2025 19
Slide 20: Adjusted segmental analysis H1 2025/26
Adjusted segmental analysis H1 2025/26 £m Consumer A&P Group Print sales 80.5 71% 15.6 34% 96.1 60% Digital sales 20.9 18% 28.7 62% 49.6 31% Other 12.0 11% 1.8 4% 13.8 9% Total revenue 113.4 100% 46.1 100% 159.5 100% % of total 71% 29% UK 50.1 44% 17.0 37% 67.1 42% US 55.4 49% 27.9 60% 83.3 52% Aust
Slide 21: Adjusted segmental analysis H1 2024/25
Adjusted segmental analysis H1 2024/25 £m Consumer A&P Group Print sales 107.0 76% 17.4 45% 124.4 69% Digital sales 31.0 22% 19.8 52% 50.8 28% Other 3.3 2% 1.3 3% 4.6 3% Total revenue 141.3 100% 38.5 100% 179.8 100% % of total 79% 21% UK 50.3 36% 16.4 43% 66.7 37% US 81.0 57% 20.8 54% 101.8 57% Aust
Slide 22: Adjusted segmental analysis H1 2025/26 at constant exchange rates
Adjusted segmental analysis H1 2025/26 at constant exchange rates £m Consumer A&P Group Print sales 82.6 71% 16.1 34% 98.7 60% Digital sales 21.3 18% 29.3 62% 50.6 31% Other 12.6 11% 1.9 4% 14.5 9% Total revenue 116.5 100% 47.3 100% 163.8 100% % of total 71% 29% UK 50.1 43% 17.0 36% 67.1 41% US 57.9
Slide 23: Revenue by source and destination
Revenue by source and destination Revenue by source 4% 2% Source 42% £m United Kingdom North America Australia India Total 52% United Kingdom 37.3 1.4 - - 38.7 North America 6.9 76.6 - - 83.5 Destination Continental Europe 12.4 4.6 - - 17.0 United Kingdom North America Australia India Australasia 2.
Slide 24: Adjusted income statement
Adjusted income statement ‘26 vs ‘25 Change Change £m H1 2025/26 H1 2024/25 H1 2023/24 % CER% Revenue 159.5 179.8 136.7 (11)% (9)% Gross profit 94.6 103.6 77.7 (9)% Gross profit margin % 59.3% 57.6% 56.8% Marketing and distribution costs (21.7) (27.6) (17.3) (21)% Marketing and distribution costs as
Slide 25: Highlighted items £5.7m
Highlighted H1 2025/26 items Amortisation Integration and restructuring Total of acquired costs intangible assets £4.5m £1.2m £5.7m H1 2024/25 Amortisation Legal and other professional Total of acquired costs relating to ongoing and £4.5m intangible assets completed acquisitions, integration and res
Slide 26: Bloomsbury Digital Resources
Bloomsbury Digital Business Psychology Drama and Performance Law and Tax Fashion Philosophy Resources Key verticals: expanding in Business and Psychology Video Art, Design & Film, Music Theology & History Student Architecture and Media Religion Learning Bloomsbury Publishing | 2025/26 Interim Result
Slide 27: Leveraging our acquisitions
Leveraging our acquisitions Acquisition Year Contributing to the following Bloomsbury Digital Resources Rowman & Littlefield 2024 Bloomsbury Collections, Drama Online, History, Business and Psychology ABC-CLIO 2021 ABC-CLIO school and academic databases Red Globe Press 2021 Bloomsbury Collections, C
Slide 28: Investor Relations Contacts
Investor Tamsin Garrity | Head of Investor Relations Relations 50 Bedford Square www.bloomsbury.com Contacts London WC1B 3DP /bloomsburypublishing tamsin.garrity@bloomsbury.com /bloomsburypublishing Dan de Belder Hattie Dreyfus /bloomsburybooks Emily Brooker Hudson Sandler 25 Charterhouse Square /bl
Slide 29: Founder & Chief Executive; Group Finance Director
Founder & Nigel Newton CBE is the founder of Bloomsbury Publishing. He was born and raised in Chief San Francisco. He read English at Selwyn College, Cambridge and after working at Macmillan Publishers, he joined Sidgwick & Jackson. He left Sidgwick in 1986 to start Executive Bloomsbury Publishing.
Slide 30: Other notes
Other notes All metrics and commentary in this presentation are at reported foreign exchange rates and include adjusting items unless stated otherwise. The amortisation of acquired intangible assets has been highlighted in the financial results. Adjusting items are highlighted in the financial state
Slide 31: Disclaimer
Disclaimer The information in this presentation has not been audited or otherwise independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions conta
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