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RELX (REL) investor relations material
RELX Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business overview and strategy
Operates as a global provider of information-based analytics and decision tools for professional and business customers, supporting better decisions and productivity.
Focuses on organic growth, supported by targeted acquisitions, with a strategy to develop sophisticated analytics and decision tools across market segments.
Maintains a strong global presence with over 36,000 employees and customers in more than 180 countries.
Listed on major stock exchanges in London, Amsterdam, and New York, with a market capitalization of £56bn as of November 2025.
Purpose-driven to benefit society by supporting research, healthcare, legal, business, and government outcomes.
Financial performance and growth
2024 revenue reached £9.4bn, with adjusted operating profit of £3.2bn and EBITDA margin of 39.5%.
H1 2025 showed strong results: underlying revenue growth +7%, adjusted operating profit +9%, and EPS growth at constant currency +10%.
Cash flow conversion remains high at 97%, with net debt/EBITDA at 1.8x.
Dividend growth sustained at +7% in H1 2025, with a long-term track record of consistent increases.
Return on invested capital and adjusted cash flow conversion have remained robust over recent years.
Revenue mix and segment performance
Revenue is primarily electronic (84%), with North America contributing 60% and Europe 20%.
Subscription-based revenue accounts for 54%, with transactional revenue at 46%.
Risk segment leads with £3,336m revenue and #1 global market position, followed by STM (£2,624m), Legal (£1,718m), and Exhibitions (£1,239m).
H1 2025 underlying revenue growth: Risk +8%, STM +5%, Legal +9%, Exhibitions +8%.
Ongoing shift toward analytics and decision tools is driving higher growth and improved returns.
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