MediaZest Plc, a creative audio-visual solutions provider, has released its unaudited interim results for the six months ended March 31, 2025, showing significant improvement. The company reported a 63% increase in revenue to £1.9 million and a 61% increase in gross profit, resulting in a return to profitability at the EBITDA and pre-tax levels. This positive trend is expected to continue in the second half of the financial year due to recent project wins and new business activity. The basic and diluted profit per share was 0.0031 pence, compared to a loss per share of 0.0092 pence in the previous period. The companys long-term client base remains consistent and continues to generate new opportunities, including digital signage solutions for Pets at Home and new dealership experiences for Hyundai and KIA. MediaZest also completed work for Lululemon Athletica and ArcTeryx, featuring LED technology. A significant new contract was won to deliver audio-visual experiences in airports worldwide. The Groups recurring revenue streams continue to expand, generating over £1 million per annum. The Board believes the outlook for MediaZest is encouraging and well-positioned for continued growth, with a positive start to H2 FY25 and a strong pipeline for FY26 and beyond.
| Financial Metrics | H1 FY25 | H1 FY24 | Change |
|---|---|---|---|
| Revenue | £1,906,000 | £1,173,000 | 63% increase |
| Gross Profit | £1,127,000 | £701,000 | 61% increase |
| Gross Margin | 59% | 60% | 1% decrease |
| EBITDA | £197,000 | £(28,000) | Positive change |
| Profit/(Loss) after tax | £53,000 | £(141,000) | Positive change |
| Profit/(Loss) per share (pence) | 0.0031 | (0.0092) | Positive change |
| (Bank overdraft) / Cash in hand | (£7,000) | £14,000 | Negative change |
The table above compares the financial metrics of MediaZest Plc for the first half of the financial year 2025 (H1 FY25) with the same period in the previous year (H1 FY24). The company has shown significant improvement in revenue, gross profit, EBITDA, and profit after tax. However, there was a slight decrease in gross margin and a negative change in cash position.
| Debt Metrics | H1 FY25 | H1 FY24 | Change |
|---|---|---|---|
| Invoice discounting facility | £39,000 | £227,000 | Repaid £188,000 |
| Short-term funding agreement | Up to £60,000 | N/A | New agreement |
| Interest-bearing loans and borrowings (current liabilities) | £1,359,000 | £1,524,000 | Decrease of £165,000 |
| Interest-bearing loans and borrowings (non-current liabilities) | £456,000 | £7,000 | Increase of £449,000 |
Regarding debt, MediaZest Plc has made significant changes. They have repaid a substantial amount of their invoice discounting facility and entered into a short-term funding agreement. There has been a decrease in interest-bearing loans and borrowings under current liabilities, while there is a notable increase in such borrowings under non-current liabilities.