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FRP Advisory Group (FRP) investor relations material
FRP Advisory Group Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading Update summary21 Nov, 2025
Financial performance
Revenue for H1 2026 reached £87m, a 12% increase from H1 2025, with underlying adjusted EBITDA up 3% to £23m, despite a strong prior year comparison that included major cases.
Net cash balance as of 31 October 2025 was £16.5m, up from £13.3m the previous year, with an undrawn RCF of £10m and an accordion acquisition facility.
Consensus market expectations for FY 2026 are revenue of £164.2m and underlying adjusted EBITDA of £44.8m.
Strategic developments
Expanded national Financial Advisory offering through the acquisition of One Advisory Group in May 2025.
Opened a new Liverpool office focused on Corporate Finance in August 2025.
Acquired Arc & Co, a real estate advisory business, and plans to launch a 6th service pillar: FRP Real Estate Advisory.
Made a £3m founding investment for a 25% stake in Queens Tower Advisory, a tech-enabled strategy and transactions platform.
Operational highlights
Headcount increased 8% to 861 (excluding consultants), an 11% year-on-year rise, mainly due to acquisitions.
QTA investment performing in line with expectations, with a £0.2m share of loss in H1 2026.
What is QTA's strategic fit and growth contribution?
Why did H1 EBITDA growth lag revenue growth?
Which specific sectors drive H2 demand increase?
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Next FRP Advisory Group earnings date
H1 202616 Dec, 2025
Next FRP Advisory Group earnings date
H1 202616 Dec, 2025
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Frequently asked questions
FRP Advisory Group plc is an advisory firm based in the United Kingdom, specializing in a range of services including restructuring advisory, corporate finance, forensic services, debt advisory, and pensions advisory. The company is well-regarded for its expertise in corporate restructuring, offering comprehensive solutions in corporate financial advisory, formal insolvency appointments, personal insolvency, and general advice. Additionally, FRP Advisory Group provides corporate finance services that cover mergers and acquisitions (M&A), strategic advisory and valuations, financial due diligence, capital raising, special situations M&A, and partial exits. Their debt advisory services span raising and refinancing debt, debt amendments and extensions, asset-based lending, and corporate and leveraged debt advisory. The firm's forensic services include investigations, compliance and risk advisory services, dispute services, and forensic technology, while their pensions advisory services encompass pension scheme transaction advisory, pension scheme restructuring advisory, covenant advisory, and corporate governance. The company is headquartered in London, England, and its shares are listed on the London Stock Exchange.
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