Brave Bison (LSE:BBSN) reported that trading for the year ended 31 December 2025 came in ahead of market expectations, supported by strong momentum in the second half of the year. Unaudited net revenue is expected to be at least £33.5m, representing a 57% year-on-year increase, while adjusted EBITDA rose by 44% to no less than £6.5m. Adjusted profit before tax also improved sharply, increasing 41% to at least £5.5m.
The group ended the year with net cash of £4.3m, significantly ahead of consensus forecasts. This was driven by a strong fourth quarter, particularly within its Sport & Entertainment activities, alongside an improved working capital position. Management cautioned that some of the working capital benefit is likely to unwind during the first half of 2026.
Reflecting the stronger financial position, the board now expects to repay all outstanding bank debt before the end of 2026, earlier than previously guided. Looking ahead, surplus free cash flow is expected to be deployed towards further acquisitions and dividends, in line with the company’s capital allocation framework. Brave Bison also indicated it is comfortable with current FY26 market forecasts, noting that revenues and profits will increasingly be weighted towards the second half of the year due to the scheduling of MiniMBA courses.
Overall, the outlook is underpinned by strong financial performance, positive corporate developments and low financial leverage. These strengths are partly offset by weaker technical indicators and a relatively high valuation, which may temper near-term share price performance despite the company’s strategic progress.
More about Brave Bison Group plc
Brave Bison Group plc is a next-generation marketing and technology partner for global brands, operating across eight countries including the UK, India, Australia and Egypt. The group provides digital services, media and marketing skills training through two divisions. Digital Services offers performance media, social and influencer marketing, sport and entertainment, and strategy and insight through brands such as Brave Bison, SocialChain, Engage and MTM. Digital Content focuses on monetising digital content and delivering online marketing education via its media network and the MiniMBA platform, serving major global brands and enterprise clients.
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