ATC Music Group (LON: ATC), the artist management, live events and merchandising company, published its first interim results since joining London’s AIM market for smaller companies. Revenue rose 39% to £30.6 million for the six months to the 30th of June, from £22.1 million a year earlier, while its adjusted operating EBITDA loss, a profit measure stripping out interest, tax and one-off costs, more than halved to £450,000 from £924,000.
Shares in the company rose to 194.7p in early trade today, up 6.68% from Friday’s close of 182.5p, close to the year’s intraday high of 195p set on the 13th of July. The move followed the pre-market release of the results, though the print reflected just 102 shares traded, underlining how thinly dealt the stock remains.
The reaction reflects evidence that the company’s acquisitive growth strategy, funded by an oversubscribed £8.6 million fundraise at its December 2025 listing, is working. Each of its four operating segments traded EBITDA-positive before central costs, with the residual group loss attributable to head-office spending.
Chief executive Adam Driscoll said: “The first half of 2026 shows our strategy delivering at pace. Revenue grew considerably, our adjusted EBITDA loss more than halved, and each of our segments traded EBITDA-positive, before central costs, all while investing in the leadership and technology that will drive our next phase of growth.”
Management pointed to signings including Robbie Williams and a sold-out Nick Cave show, alongside the acquisition of marketing and analytics businesses Push and Cirkay, as evidence of momentum. Driscoll added: “With a strong balance sheet following our oversubscribed fundraise and move to AIM, we have the resources to keep investing where the value in music is moving.”
The balance sheet has also strengthened. The Group’s own funds, cash it controls excluding money held for client artists, rose to £9.4 million, while net debt improved to £976,000 from £4.2 million a year earlier. Management reiterated that trading is weighted to the second half, and that the Board does not expect to pay a dividend near-term, prioritising reinvestment for growth.