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(Sharecast News) - Everyman Media reported a rise in first-half revenue and profit on Monday but struck a cautious tone on the outlook as it pointed to the "challenging economic environment".
In an update for the 26 weeks to 2 July, the company said adjusted earnings before interest, tax, depreciation and amortisation rose 32% to 10.8m, with revenue up 24% to 70m.
Admissions grew 20.5% to 2.6 million and the paid-for-average ticket price was 12.97, up 4.1% on the same period a year earlier.
Food and beverage spend per head ticked up 3% to 11.41, and the company's market share rose 60 basis points to 6.4%.
Everyman said that while its trading performance has been positive in H1, it retains "a degree of caution for the full year outlook due to the challenging economic environment and the significance of Q4 trading to the overall annual performance of the company".
"As previously stated, the directors are also assessing various investment projects, including significant investment in IT infrastructure, which are expected to generate long term returns but will affect profitability in H2 2026.
"The directors currently expect financial year performance to be marginally ahead of 2025."
Everyman also said the board is continuing to engage with stakeholders on a potential delisting from the AIM market and that a further announcement is expected to made before the end of August. The company announced last month that it was considering a delisting following pressure from its top three investors.
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