Empresaria Group (EMR) Q2 2026 TU earnings summary

Executive summary

• Net fee income for H1 FY 2026 increased by approximately 5% year-over-year despite challenging market conditions.

• Adjusted profit before tax for H1 FY 2026 is expected to be up about 250% compared to the same period last year.

• Full-year adjusted profit before tax is now forecast to be at least £5.2m, about 27% above market expectations.

• Most brands delivered improved results, with IMS (Global Workforce Solutions) and Headway (Operational Outsourcing) performing particularly well.

Financial highlights

• Net fee income rose by approximately 5% in H1 FY 2026 versus H1 FY 2025.

• Adjusted profit before tax for H1 FY 2026 is up around 250% year-over-year.

• Net debt remained stable at £17.0m as of 30 June 2026 (vs. £17.1m at 31 December 2025).

Outlook and guidance

• Adjusted profit before tax for FY 2026 is expected to be at least £5.2m, exceeding market forecasts by about 27%.

• Management remains optimistic about continued profitable growth despite ongoing market and geopolitical challenges.