ATC Music Group (AIM:ATC) reported revenue of £30.6 million for the six months ended 30 June, up 39% from £22.1 million a year earlier.
The AIM-listed independent music company, which spans talent management, live touring, merchandising and digital engagement, said growth was driven by continued organic momentum and strategic acquisitions.
Its earnings (adjusted operating EBITDA) loss halved to £0.45 million from £0.92 million, with each of the group's four segments EBITDA-positive before central costs, which rose to £1.2 million from £0.8 million to support the group's enlarged scale.
Representation revenue rose 39% to £7.0 million, boosted by the addition of Robbie Williams to the management roster.
Services revenue climbed 40% to £21.6 million following the acquisition and integration of digital marketing and analytics firms Push and Cirkay.
Events revenue grew 29% to £2.0 million.
Loss after tax narrowed to £2.1 million from £2.3 million.
Cash and cash equivalents stood at £20.3 million, including £10.9 million of client funds; excluding client money, cash held was £9.4 million against £4.1 million a year earlier.
"Revenue grew considerably, our adjusted EBITDA loss more than halved, and each of our segments traded EBITDA-positive, before central costs," said chief executive Adam Driscoll.
Post period, advance ticket sales for ATC Experience's Barbican production of Hamlet Hail to the Thief reached £3.1 million, or 41% of inventory for its 12-week run, as at 5 September, which the board said was running ahead of expectations.
The group said trading momentum has continued to build in the second half, with performance expected to strengthen through H2 2026 in line with seasonal festival and touring activity.
News Intelligence what this means for the company
ATC Music Group halved its adjusted EBITDA loss to £0.45 million on 39% revenue growth to £30.6 million in H1 2026, with all four operating segments turning EBITDA-positive before central costs. The growth was driven by Robbie Williams joining the management roster, the integration of Push and Cirkay (which lifted services revenue 40% to £21.6 million), and organic momentum across representation, services, and events. Central costs rose to £1.2 million to support the enlarged group, but the trajectory toward group-level EBITDA profitability is now visible.
The company is demonstrating operating leverage: each segment is now cash-generative before central costs, and the path to group profitability is narrowing as revenue scales faster than overhead. The £9.4 million of operating cash (excluding client funds) has more than doubled year-on-year, providing a buffer for further acquisitions or organic investment, though the group remains loss-making at the net level.
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