Everyman lowers FY guidance as weak Q4 box office weighs on shares

(Sharecast News) - Cinema operator Everyman Media lowered its full-year revenue and profit guidance on Wednesday as a challenging economic backdrop and a disappointing UK box office performance weighed on the stock.

Everyman stated its UK box office performance had been weaker than expected in the final quarter of FY25. As a result, it now anticipates FY revenues of no less than �114.5m, up from �107.2m in FY24 but down from previous market expectations of �121.5m, and underlying earnings of no less than �16.8m, down from �16.2m a year earlier and below the �19.9m analysts had predicted.

Net debt was now expected to be approximately �24m at period end, up from �18.1m at the same time a year earlier.

The AIM-listed firm also highlighted that FY24 was a 53week period, meaning that on a comparable 52week basis, revenue would have been �103.8m and EBITDA �15.4m, underscoring yearonyear growth in FY25.

Chief executive Alex Scrimgeour said: "Notwithstanding the industry-wide challenges, to date this has been a year of progress in which we have achieved growth across our core operating metrics, delivering increased revenue, EBITDA and customer spend per head, as well as strong membership growth and expanding market share.

"The continued growth in customer satisfaction reflects our commitment to delivering the premium experience across our estate, and with our market leading position, we remain confident in the long-term growth opportunity in the premium cinema sector."

As of 0910 GMT, Everyman shares had sunk 16.34% to 29.70p.

Reporting by Iain Gilbert at Sharecast.com