Everyman Media Group (LON: EMAN), the operator of 49 premium boutique cinemas across the UK, reported revenue up 23.5% to £69.8m in the 26 weeks to 2 July 2026, with admissions up 20.5% to 2.6 million, both outpacing a UK box office that itself hit a post-pandemic high of over £600m in the first half. Adjusted EBITDA rose 32.0% to £10.8m.
The group swung to a statutory pre-tax profit of £1.9m from a £3.4m loss a year earlier, aided by a one-off £2.2m share-based payment credit; adjusted pre-tax profit was £0.1m against a £2.7m adjusted loss. Net bank debt fell to £17.4m from £24.2m, and Everyman extended its £35m revolving credit facility with Barclays and NatWest to 2028.
Chief executive Farah Golant said market share rose from 5.8% to 6.4%, making Everyman the second fastest-growing cinema circuit in the UK, and added: “The passion and the pride in what we do is palpable every day at Everyman. We have momentum and a strong focus to manage the business with discipline and prudent investment.”
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The board is not recommending an interim dividend and plans three new venues, at Lichfield, Elephant & Castle and High Street Kensington, in the second half of 2027, funded from free cash flow.
Despite the breadth of the improvement, the board struck a cautious note on the year ahead: “While trading performance has been positive for the first half, the Directors retain a degree of caution for the full year outlook due to the challenging economic environment and the significance of Q4 trading to the overall annual performance of the Company.” Management currently expects full-year performance only marginally ahead of 2025.
That guarded tone appeared to weigh on sentiment: shares were trading around 55.15p in early trade today, down 1.52% from yesterday’s close of 56.00p, against a 52-week range of 20.10p to 58.95p — suggesting the market has yet to price the interim recovery as the start of a re-rating.
