)
Visual
test
Future
Future (FUTR) investor relations material
Future H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary4 Dec, 2025
Executive summary
Revenue reached £739.2 million, down 6% year-over-year, with organic revenue down 3% as expected; adjusted operating profit was £205.4 million, maintaining a 28% margin, flat year-over-year.
Adjusted EPS declined 1% year-over-year to 123.0p, aided by share buybacks; adjusted free cash flow was £177 million, with 86% conversion (96% underlying).
Strong cash generation with leverage at 1.1x–1.3x after £99.5 million returned to shareholders; over £230 million returned via buybacks and dividends since FY 2023.
Announced a five-fold increase in ordinary dividend to 17.0p and a new £30 million share buyback program.
Strategic focus on leveraging data, brand authority, platform scalability, and AI monetisation to drive new revenue streams and efficiency.
Financial highlights
Gross margin improved to 73%, up 2 percentage points year-over-year due to revenue mix changes.
Adjusted EBITDA was £223.4 million (30% margin, flat year-over-year); adjusted operating profit margin remained at 28%.
Adjusted free cash flow was £177 million after £16 million CapEx; adjusted free cash flow conversion was 86% reported, 96% underlying.
Leverage at 1.1x–1.3x net debt/EBITDA, with £600 million in total facilities.
One-off items impacted free cash flow and leverage by 0.1x.
Outlook and guidance
FY 2026 expected to deliver modest revenue growth, H2-weighted as strategic initiatives mature, with stable EBITDA margin and improved cash conversion (~95%).
Confident in achieving 30% EBITDA margin and 95% cash conversion going forward.
Medium-term ambition is sustainable revenue growth and cash generation, targeting 2%-4% annual growth from 2028.
Analyst consensus for FY 2026: revenue £746.6 million, EBITDA £224.7 million.
How does AI visibility translate into new direct revenue streams?
What is the primary goal of the Google Zero strategy?
How do bolt-ons accelerate Future's growth strategy?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 532443
Revenue up 11.1% in Q3 FY26, but margins fell due to input costs and exceptional wage code charges. - 2371
Revenue up 21.5% YoY, profit down on higher investments; LiPLUS Holdings acquired. - 4902
Operating profit rebounded sharply and outlook was raised, despite lower revenue. - 5344
Mixed results in 3Q, but key segments are recovering and record 4Q is expected. - SH
Sales rose but higher costs and flat state funding drove a significant operating loss. - APTUS
AUM up 21% YoY, profit up 26%, ROE at 20.2%, and strong asset quality and liquidity. - 1803
Profits and margins soared, with forecasts and dividends raised on robust order growth. - 7988
Operating profit margin held at 14.4% with higher dividends and a positive FY2025 outlook. - 4188
Net income surged on asset sales, but profit guidance was cut due to restructuring costs. - 4183
Sales and profits fell, guidance was cut, and major shareholder returns were announced.
Next Future earnings date
H1 202615 May, 2026
Future
Next Future earnings date
H1 202615 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Future plc is a UK-based media company that specializes in publishing and distributing content across a wide range of sectors, including games, technology, entertainment, sports, lifestyle, and business. The company operates through two main segments: Media and Magazine. It offers content through various platforms such as websites, magazines, videos, social media, and events, generating revenue from digital advertising, eCommerce, print and digital subscriptions, and lead generation services. The company is headquartered in Bath, UK, and is listed on the London Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage