LONDON (ShareCast) - (Sharecast News) - Facilities by ADF said in an update on Thursday that it expects to report full-year results broadly in line with market expectations, as stronger second-half activity and cost-cutting measures helped lift revenue and margins.
The AIM-traded company, which provides serviced production facilities to the UK film and high-end television sector, said all three of its business units supported major productions in the second half of 2025, including Netflix's The Witcher, Disney's Rivals and Apple's Slow Horses.

It also expanded beyond its core market, with subsidiary Location One posting strong growth in commercial work, recently supporting a Prada shoot, while Autotrak supplied ground protection for several major Christmas events.

ADF said the increased activity contributed to higher revenue and gross margin in the latter part of the year.

The group has implemented measures to reduce its cost base, including equipment decommissioning and disposals, property mergers and selective headcount reductions.

As a result, it expected to record exceptional and one-off charges of about £1.7m, largely relating to management changes, asset disposals and the unwinding of contingent consideration.

Unaudited cash balances stood at approximately £1.7m at 31 October, while net debt was around £13.8m, compared with £13.2m at 30 June.

The firm said its debt, mainly hire purchase contracts on fleet assets, carried no financial covenants.

Recruitment for a permanent chief executive and chief financial officer was said to be at an advanced stage, with further announcements expected.

Looking ahead, ADF said it expected market activity in 2026 to be similar to this year's, but anticipated efficiency gains from ongoing integration work across the group and the use of common operating systems.

The board thus expected results for the 2026 financial year to be "slightly ahead" of 2025.

Market expectations at the time of the announcement were for revenue of £42.6m and adjusted EBITDA of £10m in the current financial year.

At 1517 GMT, shares in Facilities by ADF were up 1.67% at 15.25p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE