Informa (INF) Trading Update summary

Trading performance and growth

• Underlying revenue growth reached 9.3% in the first five months of 2025, or 7.9% including TechTarget consolidation.

• B2B Live Events saw 8.3% underlying revenue growth, with strong international performance, especially in IMEA.

• Academic Markets achieved 13.7% underlying revenue growth, with core like-for-like growth of 3-4% and ongoing AI licensing deals.

• Informa TechTarget experienced a 5% decline in underlying revenues, but momentum improved from Q1 to Q2.

Financial outlook and guidance

• Group revenues of approximately £2.8bn are already traded, booked, or committed for the year, representing about 70% of the full-year target.

• Full-year 2025 underlying revenue growth guidance of 5%+ is reaffirmed, with B2B Events expected at 7%+.

• Adjusted earnings growth is projected at around 10%, with reported revenues of £4bn, factoring in FX impacts.

Strategic initiatives and capital management

• The four-year One Informa programme is progressing, focusing on customer experience, data-led marketing, and AI integration.

• Group-wide deployment of Elysia, an AI assistant, aims to boost speed, efficiency, and productivity.

• A €700m Eurobond was significantly oversubscribed, extending average debt maturity to 4.5 years and enhancing financing flexibility.

• The 2025 share buyback programme is ongoing.