**Summary**
FDM Group (Holdings) plc, a global IT professional services provider, released a trading update for the year ending December 31, 2025, ahead of its full-year results on March 18, 2026. The company anticipates its financial performance to be within market expectations, despite a challenging trading year marked by a 31% revenue decline to £178 million (compared to £258 million in 2024). The decrease in revenue is attributed to subdued market conditions, with the number of consultants placed with clients dropping to 2,003 from 2,578 in 2024 across all regions (UK, North America, APAC, and EMEA).
Despite these challenges, FDM Group maintained a robust balance sheet with £35 million in cash and no debt. The company observed a slight uptick in activity levels in the latter part of 2025, which shows signs of continuing into early 2026. CEO Rod Flavell noted cautious optimism, highlighting client appetite for investment, though economic and political uncertainties persist. The Board remains focused on aligning resources with demand, prudent investment, and positioning the company for growth when market conditions improve.
The update includes forward-looking statements, with the company cautioning that actual results may differ due to risks and uncertainties. Analysts expectations for FY25 Adjusted Profit Before Tax range from £13.5 million to £14.4 million.