Earnings call transcript: S&U H1 2026 profit rises as stock slips 2.8%

Wilmington reported strong H2 2026 earnings, with overall revenue up 37% and organic revenue growing 4%. Adjusted EBITDA increased by 33% and adjusted PBT rose 15%. The stock price surged 3.15%, reaching $262 from $254, signaling positive investor sentiment. Ongoing revenue grew 37%, driven by the Conversia acquisition and consistent portfolio growth.

Eight out of nine businesses showed year-over-year growth. Adjusted EBITDA hit GBP 29.8 million, a 33% increase, while adjusted PBT rose to GBP 30.1 million, up 15%. The company maintained net debt below 2 times EBITDA. Wilmington emphasized its RegTech strategy and AI integration, stating it is transitioning from a media group to a RegTech-focused business.

The full-year dividend rose to 12.5 pence, up 9% from the previous year. Management highlighted a successful FY 2026, despite a challenging market, attributing success to growth in financial services, legal, health and safety, and data privacy sectors.