BTG Consulting (BTG) H2 2026 earnings summary

Executive summary

• Achieved strong financial performance for the year ended 30 April 2026, with revenue nearing £170 million and EBITDA of £33.3 million, both ahead of market expectations.

• Profit before tax rose to £25 million, a 23% increase in statutory terms, and dividend increased by 7% to £4.6 million.

• Continued execution of a multi-service professional services strategy, with a resilient business model and diversified service lines across restructuring, advisory, and real estate.

• Enhanced leadership team and completed a successful rebrand to BTG Consulting plc, supporting broader service growth.

Financial highlights

• Revenue increased 10% year-over-year to £168.5m, with 8% organic growth.

• EBITDA increased by 5% to £33.3 million; group margin slightly decreased to 19.8%.

• EPS up 6% to £0.111; dividend per share up 7% to £0.046.

• Net debt at year-end was £1 million after £8.1 million in acquisition payments, £1.2 million in share buybacks, and £6.9 million in dividends.

• Over the last decade, revenue trebled from £50 million to £170 million, profit before tax grew fivefold, and £48 million paid in dividends.

Outlook and guidance

• Entered new financial year with strong momentum and pipeline visibility.

• Margin improvement anticipated, contingent on normalization of transactional markets and returns on recent investments.

• Medium-term revenue target of £200 million remains in focus.

• FY27 guidance: revenue uplift from FY26 acquisitions, organic cost increases of ~4%, adjusted tax rate 26%, and planned dividend of £7.4m.