Brave Bison Group (AIM:BBSN), the digital marketing and technology partner for global brands, said first-half net revenue has risen by at least 92% to not less than £23 million, with adjusted EBITDA in line with management expectations.
The company said strong cash generation, boosted by an option exercise by Mark Ritson, has accelerated debt repayment and left the group in a net cash position.
MiniMBA, its professional marketing education unit, was singled out as the standout performer, delivering 18% organic year-on-year growth from its first 2026 cohort, with new client wins including Omnicom, ServiceNow, Nike and Campari.
The Consultancy and Marketing Services division now represents approximately half of divisional group profits, with the company highlighting productivity gains from embedding generative AI tools across creative, media and technology operations as a driver of improving margins.
The board flagged the growing commercial opportunity from clients seeking help navigating AI-driven search and discovery, describing the shift as expanding the group's addressable market.
Trading remains weighted toward the second half of the year, consistent with prior guidance.
"The Board looks forward to the remainder of 2026 with considerable optimism," Executive Chairman Oliver Green said in a statement ahead of the annual general meeting.
Broker takes upbeat view
Shore Capital, in a note, highlighted a constructive view, following today's update, highlighting that it reinforces the broker's thesis of a business benefitting from an improving revenue mix, rising exposure to higher-quality earnings and structural growth tailwinds tied to AI-driven shifts in the marketing landscape.
Shore Cap points to the update as a signal regarding the FY26 outlook. Brave Bison upgraded in April, when the group said it expected full-year net revenue and adjusted EBITDA to beat analyst consensus; the H1 figure compares to full-year FY25 net revenue of £34.1m, itself up from £21.3m in FY24.
Today, Shore Cap's stated forward catalyst is continued conversion of revenue momentum into margin improvement as acquisition integration progresses, with management expressing optimism for the second half of 2026, when trading is traditionally weighted.
