MHA PLC on Friday said all of its core sectors outperformed expectations in financial 2025 as it noted that an increasingly complex regulatory environment continues to drive growth.
The Milton Keynes-based provider of audit, tax, accountancy and advisory services expects to report revenue for the financial year that ended March 31 of £224 million, up 45% from £154 million a year prior.
Earnings before interest, tax, depreciation and amortisation is set to rise 36% to approximately £84 million from £61.6 million, and adjusted Ebitda of around £41 million is expected, up 32% from £31 million.
According to MHA, market expectations for revenue and adjusted Ebitda are £216.0 million and £40.1 million respectively.
MHA expects to report its financial 2025 results in early August.
In April MHA began trading on London’s AIM market, raising £97.8 million as part of its initial public offering. Its shares were priced at 100 pence.
Its shares were up 8.3% at 118.00p on Friday afternoon in London. This reflects a 15% rise since its debut on London’s junior market.
It reported unaudited net cash at March 31 of around £18.7 million. This is down 28% from £25.8 million in financial 2024, but with MHA noting its balance was bolstered by its IPO proceeds.
MHA added that it expects its proposed acquisition of Baker Tilly South East Europe Holdings Ltd to be earnings enhancing within the first full financial year following completion. It did not detail when it expects the transaction to close.
In May, MHA said it had entered into a heads-of-terms agreement with regard to the proposed acquisition of BTSEE for a total maximum consideration of approximately €24 million.
On current trading, MHA said it has seen increasing demand for high quality advisory services, despite wider market volatility. It added that increasing regulatory complexity remains a key driver.
Chief Executive Rakesh Shaunak commented: ‘The group continued to see strong growth across all of its service lines throughout FY25 building on our strong platform based on organic and successful acquisitive expansion. All of our core sectors performed above expectations during the year most notably, consumer products, manufacturing and engineering and technology.
‘The group is well-placed to build on the strong momentum established in recent years, enabling MHA to scale at pace and drive further innovation while continuing to deliver high client standards.’
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