Ebiquity’s FY25E marked a year of stabilisation and setting the foundations for future growth. Today’s trading update was broadly in-line with FY25E revenue of £73.4m (£74.5m est), adj EBITDA of £8.1m (£8.4m est) and adj EBIT of £4.6m (£5m est). Meanwhile net debt was significantly ahead of expectations at £13.1m (£18.5m est), driven by extensive working capital collection efforts. Importantly, 4Q25E delivered tangible commercial traction, including three major competitive marketing effectivenes ....
