EVERYMAN MEDIA GROUP (EMAN) H1 2026 earnings summary

Executive summary

• Revenue grew 23.5% year-over-year to £69.8m, with admissions up 20.5% and market share rising to 6.4% from 5.8%.

• Adjusted EBITDA post-IFRS 16 increased 32.0% to £10.8m, and statutory profit before tax was £1.9m, reversing a £3.4m loss in H1 2025.

• Membership rose 13.4% to 75,788, and spend per head increased 3.0% to £11.41.

• Net bank debt reduced to £17.4m, reflecting strong operational cash flows and debt management.

• Strong content pipeline and investments in technology, CRM, and operational training support future growth.

Financial highlights

• Revenue: £69.8m (H1 2025: £56.5m), up 23.5%.

• Gross profit: £45.3m (H1 2025: £37.1m), up 22.0%.

• Adjusted EBITDA post-IFRS 16: £10.8m (H1 2025: £8.2m), margin 15.5%.

• Statutory operating profit: £5.3m (H1 2025: £0.1m); statutory profit after tax: £1.6m (H1 2025: £3.0m loss).

• Basic EPS: 1.71p (H1 2025: -3.33p).

Outlook and guidance

• Directors expect full-year performance to be marginally ahead of 2025, but remain cautious due to economic conditions and Q4 significance.

• Strong film slate for H2 2026, with major releases and continued investment in guest experience and technology.