M&C Saatchi (SAA) H2 2025 TU earnings summary

Executive summary

• Net revenue, operating profit, and net cash for FY 2025 are in line with previous guidance.

• LFL net revenue declined around -7% year-over-year, or -2.5% excluding Australia.

• Strategic regional growth teams led to improved pipeline conversion and multi-specialism client wins in H2 2025.

Financial highlights

• Reported net revenue for FY 2025 is £210 million.

• Operating profit reached £26 million.

• Achieved £12 million in annualised cost savings in H2 2025.

• Net cash position stands at £13 million as of 31 December 2025.

Outlook and guidance

• Confident in achieving profitable growth in 2026 despite ongoing macroeconomic challenges.

• Further guidance for 2026 will be provided with the FY 2025 results announcement.