EVERYMAN MEDIA GROUP (EMAN) investor relations material

Executive summary

• Revenue grew 12.4% year-over-year to £116.6m (adjusted), with admissions up 6.1% to 4.4m and market share rising to 5.8% from 5.4%.

• Adjusted EBITDA post-IFRS 16 increased 10.6% to £17.0m, while statutory loss before tax remained flat at £10.2m due to higher interest charges and impairment.

• Two new venues opened, membership rose 18.5% to 66,910, and food & beverage spend per head increased 5.9% to £11.32.

• Leadership changes included a new CEO and CFO, with a strategic focus on operational optimisation and audience engagement.

Financial highlights

• Adjusted revenue: £116.6m (FY24: £103.7m); statutory revenue: £116.6m (FY24: £107.2m).

• Adjusted operating profit: £2.1m (FY24: £0.5m); statutory operating loss: £2.9m (FY24: £3.4m loss).

• Adjusted EBITDA post-IFRS 16: £17.0m (FY24: £15.4m); margin 14.6%.

• Net debt increased to £21.6m (FY24: £18.1m) due to venue expansion and leasehold acquisition.

• Basic loss per share: 11.35p (FY24: 9.36p).

Outlook and guidance

• 2026 is a year of consolidation, focusing on operational efficiency, technology investment, and audience engagement.

• No new venues planned for 2026; measured expansion to resume in 2027, funded by free cash flow.

• Q1 2026 trading started well, with a strong film slate expected to support performance.

• Management expects continued growth in admissions and spend per head, with inflation and consumer environment risks monitored.