Corporate and trading update
Summary by AI BETAClose X
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.
Everyman Media Group PLC
("Everyman", "Company" or the "Group")
Corporate and Trading Update
Everyman Media Group plc (AIM: EMAN), the independent, premium cinema group, sets out below a Corporate Update and a Trading Update.
Corporate Update
Adam Kaye, Charles Dorfman and Michael Rosehill, ("Substantial Director Shareholders") each of whom are directors of the Company and account for 45.6 per cent. of the issued share capital through direct and indirect holdings, have communicated to the independent and executive directors, (being the non-Substantial Director Shareholders) their support for a cancellation of trading in the Company's ordinary shares on AIM, (the "Delisting"). The Board collectively believes there are also additional shareholders, who hold no less than 11.0 per cent. of the issued share capital, who would be supportive of the Delisting.
Based on the above the Board believes it is therefore appropriate to discuss with all key stakeholders the appropriateness of a Delisting. At this stage and based on the above shareholder views, the Board believes it is likely that the Company will proceed with proposing a Delisting to all shareholders, noting it would be conditional on shareholder approval in accordance with the rules of AIM.
A further announcement in relation to a Delisting will be made in due course, (including any timetable or implications in the event of a Delisting) should the Board decide to proceed with the Delisting. At this stage there can however be no certainty that proposals for a Delisting will proceed or if done via a general meeting such resolutions related to the Delisting will be approved by the required number of shareholders.
Trading Update
The Company announces the following unaudited trading update for the 21-week period ended 28 May 2026 (2025: 21-week period ended 29 May 2025).
· Admissions of 2.2m, up 23.1% (2025: 1.8m)
· Revenue of £58.5m, up 26.5% (2025: £46.3m)
· Adjusted EBITDA post-IFRS16 of £9.4m, up 45.2% (2025: £6.5m)
· Market share increased to 6.7%, up 80bps (2025: 5.9%), reflecting the strength of the Company's premium proposition and audience appeal
· Average net debt of £17.6m (2025: £23.3m), down 24.4%, driven by strong operational cashflows, timing of working capital payments and limited venue expansion capital expenditure in the period.
The current slate has been appealing to Everyman guests with strong market share from Wuthering Heights, Hamnet, Marty Supreme, The Housemaid, Project Hail Mary, Michael and The Devil Wears Prada 2.
While trading performance has been positive year to date, there is a degree of uncertainty in the full year outlook due to the challenging economic environment and Q4 trading remains material to the overall annual performance of the Company.
The Directors are also assessing various projects which may also affect profitability in H2 2026. The Directors currently expect financial year performance to be marginally ahead of 2025.
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Everyman Media Group plc |
Tel: 020 3145 0500 |
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Farah Golant CBE, CEO |
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Sheree Manning, CFO |
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Canaccord Genuity Limited (NOMAD and Broker) |
Tel: 020 7523 8000 |
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Bobbie Hilliam |
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Elizabeth Halley-Stott |
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H/Advisors |
Tel: |
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Olly Scott Alex Eyre Alice Bourne |
everyman@h-advisors.global |
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About Everyman Media Group PLC:
Everyman is a leading UK cinema and entertainment brand, redefining the premium theatrical experience. Everyman operates a growing estate of 49 venues with 171 screens nationally providing a first-class cinema with a distinctive hospitality style.
Our competitive strengths are:
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· Expert film-curation spanning mainstream and independent new releases, cult classics, documentaries and live theatre / music screenings. · An emphasis on high quality on-trend, food and drinks prepared in house and served to seat. · Beautifully designed signature spaces in strategically located venues which are desirable social destinations in their communities. |
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· Motivated and empathetic team members committed to creating unforgettable guest experience. |
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For more information visit http://investors.everymancinema.com/
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