FDM Group (LSE:FDM) said trading for the year ended 31 December 2025 is expected to be in line with market expectations, although revenue is forecast to fall 31% year on year to around £178 million. The decline reflects a prolonged period of weak market conditions, with clients reducing demand for consultants across multiple regions.
The number of consultants deployed with clients fell to 2,003 during the year, down from 2,578 previously, with lower placements reported across all of the group’s geographic markets. Despite the softer trading environment, FDM maintained a strong financial position, ending the year debt free with cash of approximately £35 million. Management highlighted early indications of a pickup in client activity during the final months of 2025, which has continued into the early part of 2026. The group said it remains focused on closely matching its cost base and resources to demand, while maintaining strict investment discipline to ensure it is well positioned to benefit when market conditions recover.
From an investment perspective, FDM Group’s outlook continues to be supported by solid underlying profitability and a conservative balance sheet. The shares also screen attractively on valuation metrics, with a low earnings multiple and a high dividend yield enhancing their appeal. These positives are balanced by more cautious technical signals, which point to potentially overbought conditions, and the absence of a recent earnings call, limiting visibility on near-term guidance.
More about FDM Group (Holdings)
FDM Group (Holdings) plc is a global professional services company specialising in information technology. The group recruits, trains and deploys IT consultants to clients across the UK, North America, Asia-Pacific and EMEA, operating a demand-led model designed to align its talent pipeline with the evolving needs of corporate and institutional customers.
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