Informa Reports Strong H1 2025 Results, Upgrades Full Year Guidance
Why we think this is good
Informa's H1 2025 results demonstrate robust performance across most of its business segments. The company reported a 20.1% increase in revenue to £2,035.9m, with underlying growth of 7.8%. Adjusted operating profit rose by 24.0% to £578.9m, and adjusted diluted EPS grew by 25.2% to 29.8p. The company's Live B2B Events and Academic Markets segments showed particularly strong growth. Additionally, Informa has upgraded its full-year guidance, increasing expected Group underlying revenue growth from 5%+ to 6%±. The company's financial position remains solid, with reduced net debt and strong liquidity. However, it's important to note the challenges in the Informa TechTarget segment, which reported a 4.3% decline in underlying revenues and a significant goodwill impairment. Despite these headwinds in one segment, the overall picture remains positive, with improved operating margins and strong forward visibility on revenue.
Key Points
- Revenue increased by 20.1% to £2,035.9m, with underlying growth of 7.8%
- Adjusted operating profit up 24.0% to £578.9m
- Adjusted diluted EPS grew by 25.2% to 29.8p
- Adjusted operating margin improved to 28.4% from 27.5% in H1 2024
- Full-year guidance upgraded: Group underlying revenue growth increased from 5%+ to 6%±
- Net debt reduced by £233.0m to £2,968.8m
- Strong forward visibility with c.£3.1bn representing c.80% of 2025 revenue committed or visible
- Informa TechTarget segment faced challenges with 4.3% decline in underlying revenues
- Significant goodwill impairment of £484.2m in Informa TechTarget segment
- Interim dividend increased by 9.4% to 7.0p per share
Summary
Informa PLC delivered a strong performance in H1 2025, with revenue up 20.1% to £2,035.9m and underlying growth of 7.8%. The company's adjusted operating profit increased by 24.0% to £578.9m, while adjusted diluted EPS grew by 25.2% to 29.8p. Notably, the adjusted operating margin improved to 28.4% from 27.5% in H1 2024. The Live B2B Events and Academic Markets segments showed particularly robust growth. However, the Informa TechTarget segment faced challenges, reporting a 4.3% decline in underlying revenues and a significant goodwill impairment. Despite this, Informa has upgraded its full-year guidance, increasing expected Group underlying revenue growth from 5%+ to 6%±. The company's financial position remains strong, with net debt reduced by £233.0m to £2,968.8m and available Group-level liquidity of £1,910.4m. Looking ahead, Informa has strong forward visibility, with c.£3.1bn representing c.80% of 2025 revenue already committed or visible.