FRP Advisory ups dividend and backs forecasts as interim earnings rise

Thu, 18th Dec 2025 11:15

(Alliance News) - FRP Advisory Group PLC on Thursday reported an increase in interim earnings and said it is confident of meeting full-year forecasts.

The London-based business advisory said pretax profit rose 2.8% to GBP18.3 million in the six months to the end of October from GBP17.8 million a year ago.

Revenue climbed 12% to GBP87.1 million from GBP77.6 million.

Adjusted earnings before interest, tax, depreciation and amortisation improved 3.1% to GBP23.0 million from GBP22.3 million.

The firm increased its interim dividend by 5.3% to 2.0 pence per share from 1.9p.

FRP Advisory said it is confident that it is well-positioned to "continue making progress" across all service pillars following the 2025 UK government budget.

"While fiscal clarity could strengthen business confidence and support new investment decisions, tax policy will continue to exert pressure on companies, particularly consumer-facing firms," FRP Advisory said.

It said its client pipeline "continues to be encouraging" and, assuming current activity levels continue, it is confident of achieving full year expectations.

FRP Advisory put consensus for revenue at GBP164.2 million and adjusted Ebitda at GBP44.8 million. In financial 2025, revenue amounted to GBP152.2 million and adjusted Ebitda totalled GBP41.3 million.

"Our integrated advisory model meets clients' needs throughout their lifecycle and positions us for profitable growth in all economic conditions. Over the half, we've continued to strengthen this model through a further acquisition, and new investments in talent, geographic reach and service lines," said Chief Executive Officer Geoff Rowley.

"Supported by these enhanced capabilities, each pillar has a robust pipeline and positive outlook, and the board remains confident of achieving current market expectations for the full year, assuming activity levels continue."

Shares in FRP Advisory were up 1.9% at 140.13p on Thursday morning in London.

By Michael Hennessey, Alliance News reporter

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Frp Advisory Group