Informa (INF) Trading Update summary

Growth and performance

• Achieved group underlying revenue growth of 6.6% for the first 10 months of 2025, or 7.6% excluding TechTarget consolidation.

• B2B Live Events saw strong underlying revenue growth of 8.7%, with notable outperformance in India, Middle East, and Africa, and successful brand geo-adaptation.

• Academic Markets delivered 3.0% underlying revenue growth, supported by demand for open research, subscriptions, and specialist data.

• TechTarget segment showed improving momentum, with 10-month revenues at -2.7%, up from -4.3% at H1.

Financial outlook and guidance

• Full year guidance reaffirmed for underlying revenue growth above 6%, group revenues around £4bn, and adjusted EPS growth above 10%.

• Recurring revenue visibility into 2026 is strong, with over £1bn already booked or committed, supporting year-on-year pacing growth.

• Ongoing 2025 share buyback programme, with £315m of shares acquired year-to-date at an average price of 806p.

Strategic initiatives and innovation

• Capital Markets Day scheduled for 17-18 November 2025 in Dubai, highlighting opportunities in the IMEA region and featuring management presentations and product demonstrations.

• AI technology is being embedded across products and operations, including the proprietary Elysia AI assistant to enhance productivity and efficiency.