ZOO Digital Group (LSE:ZOO) said in a trading update that it expects FY26 Adjusted EBITDA of at least $3.8 million on revenue of $42.3 million, which the Group describes as in line with market expectations for the year ended 31 March.
The company said this outcome reflects decisive cost restructuring that delivered $7.3 million of savings and left cash of $3.2 million at 31 March with $1.1 million drawn under its invoice financing facilities.
ZOO also said it expanded its US invoice financing facility from $3 million to $5 million in March and retains a separate £2 million UK facility to provide additional working-capital headroom as revenues grow.
Management described market dynamics of FY26 as shifting toward higher levels of licensed content and increased demand for live and near-live, time-sensitive programming, and said it is onboarding several new business groups after recent RFP wins while volumes remain too early to quantify. The group highlighted early-stage growth in its Fast Track service, which combines human talent and workflow automation and has seen rising quarterly demand including for high-profile streamed sporting events.
The board said it has concluded its search for an independent director and Audit Committee chair designate and expects to announce an appointment shortly, with Gillian Wilmot CBE to stand down as chair and Nathalie Schwarz to succeed her and Mickey Kalifa to stand down at the FY26 AGM.
"We expect improved trading, and ZOO today is a more robust and efficient business, with a rightsized cost base capable of generating improved profitability in the current market environment," Stuart Green, Chief Executive Officer, said.
