Altitude Group plc (LSE:ALT) reported a 17.5% year-on-year increase in revenue to $21.6 million for the first half of 2025, supported by the addition of new University Gear Shop (UGS) contracts and continued momentum in its Affiliate programme. Adjusted EBITDA also rose slightly during the period, reflecting early benefits from operational improvements. However, the company has revised its near-term expectations in response to softer-than-anticipated demand in the U.S. market.
With a refreshed leadership team, Altitude is prioritizing profitability and efficiency, aligning operations to support long-term sustainable growth. The appointment of Martin Varley as Chief Strategy Officer underscores the company’s focus on strategic execution and value creation. Looking ahead, Altitude forecasts revenue of at least $43 million and Adjusted EBITDA of $3.7 million for FY26, targeting further growth into FY27.
The company’s solid balance sheet and recent strategic initiatives contribute to a positive long-term outlook. Although technical indicators suggest a neutral trading trend, Altitude’s reasonable valuation and leadership confidence provide a foundation for future performance improvements.
More about Altitude Group
Altitude Group plc is a UK-based provider of end-to-end solutions for branded merchandise, delivering comprehensive services through its University Gear Shop (UGS) contracts and Affiliate programme (ACS). Operating across the branded merchandise industry, the company focuses on scalable growth, operational efficiency, and strengthening its partner network to drive sustained value creation.
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