Lords Group Trading has issued a trading update for the year ended December 2025 which broadly aligns with the update issued on 13 November 2025. The company expects to report EBITDA in line with existing consensus, and net debt of £14.5m which is better than our forecast and which we attribute to the favourable timing of working capital movements. The company now expects to report FY25 revenue of £473m compared with our forecast of £480m. We make no changes to our forecasts for FY26E or to our ....
