**Summary of NAHL Group PLC Interim Results for H1 2025**
**Financial Highlights**
**Revenue** Remained stable at £19.2 million, compared to £19.4 million in H1 2024, with a 3% decline in Consumer Legal Services offset by a 2% increase in Critical Care.
**Underlying Operating Profit** Increased by 74% to £3.2 million, driven by an 89% rise in Consumer Legal Services.
**Profit Before Tax** Surged 289% to £1.9 million.
**Basic Earnings Per Share** Rose 323% to 3.0p.
**Cash Generation** Free cash flow increased by 119% to £1.5 million, with strong operating cash conversion at 102%.
**Net Debt** Reduced by 38% to £5.6 million, a 10-year low.
**Divisional Performance**
1. **Consumer Legal Services**
Revenue decreased slightly to £11.0 million due to a 5% drop in Personal Injury (PI) revenues, partially offset by a 7% increase in Residential Property.
Underlying operating profit rose 89% to £1.6 million, with PI rebounding to £1.4 million.
Searches UK maintained steady performance with £0.2 million profit.
Leadership changes in PI led to improved performance, with 6,552 enquiries generated and £1.3 million saved in marketing costs.
National Accident Law (NAL) settled 1,648 claims, generating £5.3 million in cash, with a 57% increase in average claim value.
2. **Critical Care**
Revenue increased by 2% to £8.2 million, with 43% recurring revenue.
Underlying operating profit rose 1% to £2.6 million, maintaining strong margins at 31.5%.
Expert witness services saw 11% revenue growth, with 719 reports completed.
Bush & Co. Care Solutions grew revenues by 26% to £0.4 million.
Case management services faced challenges, with revenues down 9%, but initiatives like Bush & Co. Kids aim to drive growth.
**Operational and Strategic Updates**
**Leadership Changes** New Senior Management Team in PI to drive progress.
**Marketing Efficiency** Saved £1.3 million in marketing costs, with higher-value leads.
**NAL Performance** Processing 7,530 ongoing claims, estimated to generate £9.6 million in future revenues.
**Critical Care Initiatives** Launched Bush & Co. Kids and expanded associate network to 226 experts.
**Net Debt Reduction** Further reduced to £5.5 million by August 2025.
**Strategic Review** Exploring alternative options to accelerate shareholder value post-Bush & Co. sale process.
**Outlook**
Confident in delivering full-year results in line with expectations.
Positive trends in Consumer Legal Services and Critical Care in July and August.
Strengthened management team with new Divisional Finance Director in Bush & Co.
Board continues to explore value-enhancing options for shareholders.
**CEO Commentary**
James Saralis highlighted the Groups strong first-half performance, with significant improvements in profitability, cash generation, and debt reduction. He emphasized the turnaround in Personal Injury and the resilience of Critical Care, despite challenges in case management. Saralis expressed confidence in meeting full-year expectations and commitment to exploring strategic options for shareholder value.