Begbies Traynor ups payout as profit climbs; hails activity levels

(Alliance News) - Begbies Traynor Group PLC on Tuesday reported growth in annual earnings and the professional services consultancy said "activity levels are encouraging".

The Manchester, England-based insolvency advisor said in the financial year ended April 30, pretax profit roughly doubled to GBP11.5 million from GBP5.8 million.

Revenue rose 12% to GBP153.7 million from GBP136.7 million.

For financial 2026, the company expects to deliver profit in line with market expectations, citing an an anticipated adjusted pretax profit between GBP23.7 million and GBP25.0 million, at least 0.9% higher than GBP23.5 million in the just posted financial 2025.

Revenue market consensus is between GBP158.9 million and GBP162.8 million for financial 2026, at least 3.4% higher than in financial 2025.

Executive Chair Ric Traynor said: "Looking forward, activity levels are encouraging with positive momentum across the group. We have increased the scale of our teams and market conditions are supportive. We currently expect revenue will be at the upper end of the range of market expectations, with a further year of profit growth in line with expectations, as we continue to invest in growing the business."

He added: "Overall, our broad range of advisory services, diversified client base and growth opportunities, underpinned by our robust financial position, gives us confidence in continuing our track record of growth in the new financial year and beyond, progressing towards our medium-term revenue target of GBP200 million."

Begbies lifted its final dividend by 7.4% to 2.9 pence per share from 2.7p. Its total dividend was 7.5% higher at 4.3p from 4.0p.

In addition, it announced it will begin a buyback of up to 1.0 million shares, "to mitigate future dilution" from the exercise of share options and deferred consideration obligations.

The company will provide a trading update in September.

Begbies shares rose 8.1% to 120.00p each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

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