Zinc Media swings to adjusted profit as revenue rises
By Josh White
Date: Thursday 11 Sep 2025
(Sharecast News) - Zinc Media Group reported a sharp rise in first-half revenue and a swing to an adjusted profit on Thursday, as it delivered some of its largest-ever projects and expanded into new markets and genres.
The AIM-traded television and content production group said revenue from continuing operations rose 72% to a record £22.9m in the six months ended 30 June, up from £13.3m a year earlier.
It posted an adjusted EBITDA profit of £0.9m, compared with a £0.7m loss in the prior period, and achieved an adjusted pre-tax profit of £0.2m, its first on that basis for a half year.
The statutory pre-tax loss narrowed to £0.6m from £1.9m.
Gross margins fell to 37% from 42% as the group diversified into new genres such as quiz formats, events and entertainment, which it said have the potential to deliver higher-margin intellectual property revenues in future.
Cash at the half-year stood at £4.2m with net cash of £0.7m, while £38m of revenue was already secured for recognition in 2025, with a further £4m at an advanced stage.
"The group has delivered excellent results in the first half, growing revenues by 72% compared to same period last year, delivering a £0.9m adjusted EBITDA profit and a profit at the adjusted PBT level," said chief executive Mark Browning.
"We have expanded into new genres and territories, delivered projects of unprecedented scale for our business, and earned international recognition for our work."
Zinc said its recently acquired Raw Cut business was performing in line with expectations and highlighted progress across its three strategic growth pillars: entertainment television production, Middle East expansion and IP-led revenues.
It delivered its first quiz show format, The Inner Circle, for BBC One, was pursuing £10m of potential opportunities in the Middle East, and was investing in a direct-to-consumer strategy aimed at generating £1.5m of high-margin IP revenue by 2028.
Browning added that the group's performance "strengthens the deliverability of our medium-term targets of £50m revenue and £5m EBITDA."
At 0944 BST, Zinc Media Group shares were down 2.26% at 65p.
Reporting by Josh White for Sharecast.com.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN