GlobalData (DATA) H1 2025 earnings summary

Executive summary

• Revenue increased 12% year-over-year to £156.5m, with underlying growth of 1% amid transformation and macro headwinds.

• Operating profit declined 25% to £28.5m due to acquisition, integration, and corporate project costs.

• Adjusted EBITDA fell 10% to £52.1m, with margin down to 33% from 41% last year, impacted by investments and FX.

• Contracted Forward Revenue grew 10% to £157.4m, with underlying growth of 3%, providing strong visibility.

• Interim dividend rebased to 0.3p per share; tender offer of up to £60.0m to return surplus capital.

Financial highlights

• Revenue: £156.5m (+12% year-over-year); underlying growth 1%.

• Operating profit: £28.5m (-25% year-over-year); margin 18% (down from 27%).

• Adjusted EBITDA: £52.1m (-10%); margin 33% (down from 41%).

• Profit before tax: £24.7m (-8%); Adjusted profit before tax: £43.7m (+8%).

• Free cash flow: £42.6m (+9%); operating cash flow conversion 127% of Adjusted EBITDA.

Outlook and guidance

• Entering H2 with momentum in Contracted Forward Revenue, providing visibility for FY25 and beyond.

• FX headwinds expected to reduce FY25 revenue by ~£10m; operational improvements and M&A to restore margins.

• Board expects normalised Adjusted EBITDA margin in H2, supported by M&A contributions.

• Well positioned for resilient growth and execution of the Growth Transformation Plan.