Brave Bison Group (BBSN) Trading Update summary

Financial performance

• Adjusted profit before tax rose 20% year-on-year to £1.8m for H1 FY24.

• Net cash increased 58% year-on-year to £6.8m as of 30 June 2024.

• Net revenue grew 1% to £10.1m for H1 FY24.

• Adjusted EBITDA increased 12% to £2.1m for H1 FY24.

Outlook and operational highlights

• Board remains comfortable with current FY24 market expectations.

• Second-half weighting expected due to seasonally higher digital media rates.

• Cash inflow in H2 2024 projected to exceed £2.0m, driven by large customer receipts and operating profits.

• SocialChain integration delivering higher-margin new client revenue.

Strategic positioning and business units

• SocialChain now fully integrated, enhancing cross-platform campaign capabilities.

• Strong balance sheet and net cash position support further investment and growth.

• Four business units: Performance, SocialChain, Commerce, and Media Network, serving global brands.

• Media Network channels generate over 1 billion monthly views across major platforms.