Norman Broadbent delivers record H1 performance

(Sharecast News) - Norman Broadbent said on Thursday that it had delivered a "record first half performance" in the six months ended 30 June, with both net fee income and underlying earnings growing. Norman Broadbent said H1 net fee income had grown 33% to £6.0m during the period, with executive search NFI up 36% year-on-year and interim management NFI up 21% on H124.

The AIM-listed group also noted that underlying earnings for the period were expected to be between £750,000 to £800,000, a marked increase when compared to H124's £100,000 figure.

Chief executive Kevin Davidson said: "I am delighted to be announcing this record-breaking trading update for H1 2025, particularly in the face of a persistently challenging market. It speaks to the success of the work undergone to transform the company in recent years to become the ambitious, agile and resilient organisation it is today.

"I remain optimistic about the company's prospects, particularly noting the increased value of contracted revenue going into Q3 2025, and with our consistent focus on delivering sustainable and profitable growth over the long term."

As of 1005 BST, Norman Broadbent shares had surged 19.28% to 172.95p.



Reporting by Iain Gilbert at Sharecast.com