Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — H1 2026 Earnings Presentation
15 slides from Fdm Group (holdings)'s earnings presentation, August 2026
Slide 1: Results for the six months ended 30 June 2026
Results for the six months ended 30 June 2026 Rod Flavell – CEO Mike McLaren - CFO
Slide 2: Operational metrics for the six months ended 30 June 2026
Operational metrics for the six months ended 30 June 2026 Consultants deployed at period end +39 (2%) Consultant utilisation %¹ +0.9ppts. vs H2-25 vs H2-25 4,602 -131 (-6%) +2ppts. 93.6% 3,892 vs H1-25 93.4% vs H1-25 92.8% 92.9% 3,469 92.7% 2,578 91.5% 91.6% 2,173 2,042 2,003 H1-23 H2-23 H1-24 H2-24
Slide 3: Operational metrics for the six months ended 30 June 2026
Operational metrics for the six months ended 30 June 2026 Consultants deployed by region Consultant tenure % Yr1s: 2,000 12% 19% +6ppts. 36% 45% 49% 47% 44% vs H2-25 Growth in all regions 1,500 UK First years now over the past 46% +9ppts. represent 36% of quarter 1,000 NA 53% vs H1-25 Consultants on
Slide 4: Financial metrics for the six months ended 30 June 2026
Financial metrics for the six months ended 30 June 2026 Revenue (£m) -2% Adjusted Profit Before Tax ¹ (£m) +17% Adjusted PBT margin ¹ (%) +1.2ppts. vs H2-25 vs H2-25 vs H2-25 179.9 26.0 24.2 15.7% 154.1 140.2 -19% -39% 14.5% 12.6% 13.9% -2.2ppts. 17.7 117.5 97.3 vs H1-25 16.3 vs H1-25 9.2% vs H1-25
Slide 5: Our markets
Our markets • Consultant headcount decreased 17% from June 2025 (1,013) and H1-26 vs H1-26 vs UK H1-24 H2-24 H1-25 H2-25 H1-26 8% from December 2025 (910), closing at 839 H2-25 H1-25 Consultants deployed 1,284 1,056 1,013 910 839 (8%) (17%) • The UK saw ongoing challenging market conditions. Activit
Slide 6: Our markets
Our markets • Consultant headcount was 491, similar to June 2025 (488) and an H1-26 vs H1-26 vs APAC H1-24 H2-24 H1-25 H2-25 H1-26 increase of 5% from December 2025 (469) H2-25 H1-25 Consultants deployed 697 524 488 469 491 5% 1% • Revenue of £14.4m remained broadly flat against the first half of 20
Slide 7: Headcount by industry
Headcount by industry Industries 2024 2025 2026 Banks 51% 41% 42% Financial Services 16% 16% 18% Insurance 7% 8% 10% Government 6% 8% 8% Software & IT Services 3% 5% 8% 2026 Commercial & Professional Services 4% 7% 4% Retail 2% 3% 3% Energy 3% 3% 2% Consumer Services 1% 2% 1% Media & Entertainment 3
Slide 8: Headcount by client
Headcount by client 1,500 1,250 1,000 750 500 250 - Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Scotiabank HSBC Morgan Stanley Lloyds Deutsche Bank DWP Bank of America BNP Paribas ANZ Westpac RBC KPMG Sainsbury's Insur
Slide 9: Product Centre of Excellence
Product Centre of Excellence: Is our bespoke product-led delivery construct, where Consultants gain simulated real-world delivery experience, in a safe but authentic environment, prior to client assignment. Consultants collaborate in agile cross-functional squads and pods as they design, build and s
Slide 10: The Forward Deployed Model – Producing the Forward Deployed Engineer
The Forward Deployed Model – Producing the Forward Deployed Engineer – Confident, Curious and Secure We bring client challenges in-house and invest our own people, skills and balance sheet to work alongside customers. By combining human expertise, AI tools and strategic partnerships, we rapidly test
Slide 11: Summary
Summary • The modest pickup in trading activity, which we began to see towards the end of 2025, continued through the first half of 2026 • Consultant headcount in the first six months of 2026 increased to 2,042 (December 2025: 2,003, June 2025: 2,173) • Revenue of £78.6m (2025: £97.3m) and adjusted
Slide 12: Income statement
Income statement 2026 £'000 2025 £'000 For the six months ended 30 June 2026 Revenue 78,608 97,279 Cost of sales (43,352) (52,938) Gross profit 35,256 44,341 Administrative expenses (31,068) (36,252) Which includes Exceptional items (943) (1,003) Operating profit 4,188 8,089 Finance income 623 631 F
Slide 13: Statement of financial position
Statement of 2026 2025 £'000 £'000 Non-current assets financial position Right-of-use assets Property, plant and equipment Intangible assets 16,193 1,261 16,525 18,657 1,619 19,406 Deferred income tax assets 220 208 As at 30 June 2026 34,199 39,890 Current assets Trade and other receivables 24,417 2
Slide 14: Statement of cash flow
Statement of 2026 2025 £'000 £'000 cash flow Cash flows generated from operations 4,364 12,551 Interest received 623 631 Income tax paid (1,614) (2,471) For the six months ended 30 June 2026 Net cash inflow from operating activities 3,373 10,711 Cash flows from investing activities Acquisition of pr
Slide 15: Forward-looking statements
Forward-looking statements This report contains statements which constitute “forward-looking statements”. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. Because