EVERYMAN MEDIA GROUP (EMAN) Trading update summary

Trading performance

• Admissions rose 20.5% to 2.6 million, with revenue up 23.9% to £70.0m for H1 2026.

• Adjusted EBITDA post-IFRS16 increased 32.0% to £10.8m.

• Average ticket price grew 4.1% to £12.97, and food and beverage spend per head rose 3.0% to £11.41.

• Market share expanded to 6.4%, up 60bps, reflecting strong audience appeal.

• Net debt decreased 29.0% to £17.1m, aided by strong cashflows and limited capital expenditure.

Outlook and strategic initiatives

• Directors remain cautious for the full year due to economic challenges and Q4 significance.

• Investment projects, especially in IT infrastructure, are expected to impact H2 profitability but generate long-term returns.

• Full-year performance is expected to be marginally ahead of 2025.

• Interim results for H1 2026 will be published on 24 September 2026.

Corporate update

• Board is actively engaging stakeholders regarding a potential delisting.

• Further announcement on delisting anticipated before the end of August 2026.