Arm (ARM) Trading Update summary

Trading performance and business activity

• FY25 results are expected to be broadly in line with market expectations of £42.6m revenue and £10.0m adjusted EBITDA.

• Activity expanded beyond HETV and film, with growth in commercials and event support.

• All business units contributed to major productions for Netflix, Disney, and Apple.

Financial position and cost management

• Revenue and gross margin increased in the second half due to higher activity levels.

• Exceptional and one-off costs of about £1.7m are expected, mainly from management changes and equipment disposals.

• Net debt stood at £13.8m as of 31 October 2025, with all debt covenant free.

Operational updates and outlook

• Recruitment for permanent CEO and CFO is at an advanced stage.

• FY26 market activity is anticipated to be similar to FY25, with further cost savings expected from efficiency measures and integration.

• FY26 results are expected to be slightly ahead of FY25.