M&C Saatchi plc (AIM:SAA) saw like‑for‑like operating profit fall 26.1% to £24.9m for the year ended 31 December 2025, after LFL net revenue dropped 7.3% to £204.7m. LFL operating margin narrowed 3.1 percentage points to 12.2% and LFL EBITDA contracted 22.6% to £31.5m.
Statutory net revenue was £210.0m, down 9.2%, with operating profit of £10.2m (2024: £22.5m) hit by the closure of the Australian media buying business and £9.1m of separately disclosed pre‑tax items, largely restructuring costs. Net cash rose to £13.3m and operating cash conversion was a strong 94%.
"Whilst we expect continued market uncertainty, we are confident in targeting net revenue growth and operating profit growth in 2026, in line with current market expectations," Dame Heather Rabbatts, Executive Chair, said.
Non‑Advertising Specialisms (67% of revenue) fell 6.5% and Advertising declined 8.9% (to £68.5m), with Australia the main drag; excluding Australia Advertising would have fallen only 1%. Consulting and Passions & PR also recorded double‑digit declines. The group completed two strategic acquisitions — Dune 23 and The Women's Sports Group — and reports client retention of 94%.
For 2026 the board targets net revenue and operating profit growth in line with market estimates, with cash conversion expected to remain above 80%.
