Everyman Media Group (AIM:EMAN), the independent premium cinema group, said it currently expects financial year 2026 performance to be marginally ahead of 2025 while warning that a challenging economic environment and Q4 trading remain material to the full year.
In a trading update for the 21-week period ended 28 May the company reported admissions of 2.2m (up 23.1% from 1.8m), revenue of £58.5m (up 26.5% from £46.3m), adjusted EBITDA post-IFRS16 of £9.4m (up 45.2% from £6.5m) and average net debt of £17.6m (down 24.4% from £23.3m), Everyman said.
The company said the decline in average net debt was driven by strong operational cashflows, timing of working capital payments and venue expansion capital expenditure in the period.
The directors added they are assessing various projects that may affect profitability in H2 2026.
