LONDON (ShareCast) - (Sharecast News) - FRP Advisory reported a robust set of full-year results for the 12 months ended 30 April on Wednesday, with double-digit revenue and earnings growth driven by strong performance across all five of its service lines, alongside a healthy contribution from recent acquisitions.
Revenue rose 19% to £152.2m, with organic growth accounting for 11% and acquisitions contributing a further 8%.

Adjusted underlying EBITDA increased 11% to £41.3m, while reported pre-tax profit rose 5% to £31.3m.

"This is another strong set of results, reflecting the strength of FRP's well-proven strategy, breadth of our offer and the tireless efforts of our talented people," said chief executive Geoff Rowley.

"Despite persistent economic uncertainty, which has been compounded by increasing geopolitical turmoil, we saw positive contributions across all five of our service pillars."

The AIM-traded firm said it added 138 employees during the year, a 21% increase in headcount, taking the total workforce to 795 across 31 UK offices and two offshore locations.

It said the number of partners rose from 92 to 108, with seven internal promotions.

FRP's restructuring division retained its position as the most active adviser in the UK administration appointment market, with a 13% share.

Meanwhile, its corporate finance arm improved its merger and acquisition market ranking to 19th in the UK, advising on 76 transactions with a total deal value of £1.5bn.

Adjusted pre-tax profit rose 10% to £37.1m, and adjusted total earnings per share increased 8% to 10.7p.

The board recommended a final dividend of 2.55p, bringing the total payout for the year to 5.4p, up from 5p last year.

FRP said it ended the period with net cash of £33.3m, up from £29.7m in 2024, and said trading in the early months of the new financial year had been positive and in line with board expectations.

"We remain deeply committed to investing in our talent and expanding our capabilities, while staying focused on delivering honest, clear, and considered advice throughout the corporate lifecycle," Rowley added.

At 1313 BST, shares in FRP Advisory Group were up 4.79% at 124.7p.

Reporting by Josh White for Sharecast.com.

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