BTG Consulting (BTG) H2 2026 TU earnings summary

Executive summary

• Full year results expected above the top end of market expectations for FY ended 30 April 2026.

• Strong performance driven by growth across core service lines and resilience in advisory services.

• Record results achieved, with continued investment in people and service offering.

Financial highlights

• Revenue of approximately £169m, up 10% year-over-year (8% organic growth).

• Adjusted EBITDA of about £33.3m, up 5% from prior year.

• Adjusted PBT of around £25.0m, up 6% year-over-year.

• Net debt of £1.0m at year-end, compared to net cash of £0.9m last year, after acquisition payments.

Outlook and guidance

• Entering new financial year with increased pipeline of restructuring engagements.

• Macroeconomic uncertainty expected to sustain demand for restructuring and advisory services.

• Ongoing investment in people and platform to support further growth and medium-term objectives.