Johnson Service Group (JSG) Trading Update summary

Financial performance and trading update

• Revenue for H1 2025 expected to rise 5.5% to £257.6m, with HORECA at £185.4m and Workwear at £72.2m.

• Organic revenue growth estimated at 1.4% year-on-year.

• Margins are progressing toward a 14.0% target by 2026, with H1 2025 margin described as pleasing.

• HORECA volumes improved slightly after a slow start; Workwear volumes stable with strong installations and retention.

• Bank debt at 30 June 2025 was £99.0m, including £16.8m for share buybacks; £23.0m returned to shareholders so far.

Operational and strategic developments

• Operating costs are being tightly managed, especially ahead of the busy summer period.

• Board remains confident in continued revenue and margin growth for 2025.

• Results for H1 2025 will be announced on 2 September 2025.

Main market admission update

• Plans to move from AIM to the Main Market, with admission expected at 8:00 a.m. on 1 August 2025.

• Last day of AIM trading is expected to be 31 July 2025.

• Admission is subject to FCA approval of a prospectus; no new shares will be issued or funds raised.

• Admission will be via introduction of existing shares; further announcements to follow.