Hardman & Co Research on Cavendish plc: Steadily profitable in continuingly tough markets

Summary by AI ^BETAClose X

Cavendish PLC reported a profit before tax of £1.1 million for the half-year ending September 2025. Revenue increased by 3% on a comparable basis despite challenging market conditions for UK smaller companies. The adjusted pre-tax profit was £2.0 million, slightly exceeding the figure from the same period last year. The company's diversified revenue streams and strong cost control, which resulted in reduced costs over the period, contributed to the positive results. The stock is currently trading at 6.7 times EV/NOPLAT for 2026E and 3.8 times for 2027E.

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Hardman & Co Research
Hardman & Co Research on Cavendish plc: Steadily profitable in continuingly tough markets

30-Oct-2025 / 09:45 GMT/BST
The issuer is solely responsible for the content of this announcement.

Hardman & Co Research on Cavendish plc (CAV):

Steadily profitable in continuingly tough markets

Cavendish reported PBT of £1.1m for the half-year to September 2025. Revenue was up 3% on a comparable basis – against a still tricky background for UK smaller companies – and adjusted pre-tax profit was £2.0m, marginally ahead of the same period last year. The result was an indication of the strength of the diversified revenue stream – with both private and public divisions healthily profitable – and a strong control on costs, which fell over the period. Currently, the stock is trading on 6.7x EV/NOPLAT 2026E and just 3.8x 2027E.

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2221188 30-Oct-2025