BTG Consulting (LSE:BTG) delivered a strong full-year performance for the year ended 30 April 2026, with revenue rising 10% to £168.5 million, supported by 8% organic growth and continued strength in its restructuring and real estate divisions. Adjusted profit before tax increased 6%, while statutory profit before tax climbed 23% as non-underlying costs declined. Operating margins edged lower during the year as the company continued investing in senior talent despite softer conditions across transactional markets.
Cash Generation Supports Acquisitions and Higher Shareholder Returns
The group generated £14.1 million of free cash flow during the year and moved to a modest net debt position after financing acquisitions, share buybacks and dividend payments. BTG also proposed a 7% increase in its total dividend, extending its record of annual dividend growth to nine consecutive years and reflecting the board’s confidence in the business’s long-term prospects.
Rebrand and Strategic Expansion Drive Growth
During the year, BTG completed its corporate rebrand and consolidated its auction operations under the BTG name. The company also completed acquisitions to strengthen its capabilities in real estate and restructuring services while continuing to invest in its leadership team.
Supported by a healthy pipeline of work, management said the business remains focused on achieving its medium-term revenue target of £200 million, despite continued macroeconomic uncertainty.
Outlook Balances Strong Fundamentals with Market Headwinds
BTG’s outlook is underpinned by solid financial performance, healthy cash generation and strategic corporate initiatives that continue to strengthen the business. Technical indicators, however, suggest a degree of caution, with bearish market signals pointing to weaker near-term momentum. Valuation also appears relatively demanding, although the company’s acquisition strategy and consistent dividend growth provide supportive long-term fundamentals.
More about BTG Consulting
BTG Consulting plc is a UK-based financial and real estate advisory group providing restructuring, corporate advisory, consultancy, valuation, asset services and property auction solutions. The business combines counter-cycclical restructuring activities with transaction-led services, giving it a diversified revenue base across multiple markets.
The group has established leading positions in several specialist sectors, including commercial property, where it ranks among England’s most active agents, and corporate restructuring, where it is one of the UK’s leading insolvency and advisory firms.
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