Facilities by ADF (LSE:ADF) reported a 4.6% decline in revenue to £16.6 million for the first half of 2026, while its pre-tax loss widened to £3.3 million amid reduced spending on UK film and high-end television production.
Adjusted EBITDA declined to £1.7 million, reflecting lower activity across the production sector. UK film and high-end television production expenditure fell 15.6% during the period.
The group’s net debt increased to £14.5 million, partly reflecting deferred acquisition payments.
Despite the reduction in overall revenue, Facilities by ADF reported year-on-year growth at its Location One and Autotrak businesses.
The company supported 117 productions during the first half and reported an increase in its Net Promoter Score to 89, a measure of customer satisfaction and willingness to recommend its services.
Facilities by ADF has introduced a unified sales structure across its three operating businesses: ADF, Location One and Autotrak. The initiative is intended to increase cross-selling opportunities and improve coordination across the group’s service offering.
The company expects financial performance to be weighted towards the second half of the year. However, management now anticipates that full-year results will fall below market expectations, reflecting the trading environment.
Looking ahead, Facilities by ADF reported an improved order book for the 2027 financial year and said sentiment within the production industry was showing signs of recovery.
The group is also implementing operational efficiency measures aimed at reducing costs and improving asset utilisation over the medium term.
Following the appointments of a new chief executive officer and chief financial officer, management has increased its focus on integrating the group’s three businesses, reviewing capital allocation and improving the use of existing assets.
The company is seeking to expand its customer base beyond its traditional markets while developing opportunities to provide multiple services to existing clients.
Facilities by ADF supplies serviced production facilities, environmental services and ground protection to the UK film and high-end television industry.
Its customers include major studios, broadcasters and streaming platforms such as Netflix, Apple, Amazon MGM, Sky, Disney and the BBC.
The group’s strategy centres on combining the services of ADF, Location One and Autotrak into an integrated offering, with management targeting operational efficiencies and additional revenue opportunities as production activity develops.
Leave a Reply