Bloomsbury Publishing (BMY) Trading Update summary

Trading performance

• Full-year trading for period ended 28 February 2025 exceeded consensus expectations, driven by strong second-half results.

• Consumer division saw broad-based success across the portfolio.

• Acquisition and integration of Rowman & Littlefield in May 2024 contributed to Non-Consumer division growth.

• Bloomsbury Digital Resources achieved growth despite budgetary pressures in core academic markets.

• £7.5m of the $37m acquisition debt for Rowman & Littlefield was repaid ahead of schedule due to strong cash generation.

Strategic vision and outlook

• Performance attributed to execution of the Bloomsbury 2030 vision, focusing on growth, portfolio, and people.

• Confidence in future prospects supported by authors, customers, and business resilience.

• Further trading and outlook details to be provided with preliminary results on 22 May 2025.

Board changes

• Dame Heather Rabbatts appointed as Non-Executive Director effective 14 April 2025.

• She will join the Audit, Remuneration, and Nomination Committees.

• Rabbatts holds senior roles at Associated British Foods plc and M&C Saatchi Group PLC, and was previously with Kier Group plc.