Future PLC

FUTR

Equity

ISIN GB00BYZN9041 / Valor 35085076

LSE London Stock Exchange, SETS (2025-04-08)

GBP 6.69+3.40%

Future PLC
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About company

Future PLC is a global media company that specializes in creating content across a variety of platforms, including print, digital, and events. They focus on niche markets such as technology, gaming, music, and lifestyle, providing expert analysis, reviews, and news to their audience.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Performance

Future PLC's financial results for the year ended 30 September 2024 show that revenue remained flat at £788.2 million compared to £788.9 million in FY 2023. Despite the flat overall revenue, the company achieved a +1% organic growth, driven by a strong performance in the second half of the year, which saw a +5% increase.

Profitability and Margins

The adjusted operating profit for Future PLC in FY 2024 was £222.2 million, a decline of 13% from the previous year's £256.4 million. This resulted in an adjusted operating profit margin of 28%, down from 32% in FY 2023. The decline reflects investments made under the Growth Acceleration Strategy.

Cash Flow and Debt

Future PLC maintained strong cash generation with an adjusted free cash flow of £222.3 million, representing 100% of the adjusted operating profit. The company's leverage reduced to 1.1x, with net debt at the end of the year standing at £256.5 million, down from £327.2 million in FY 2023.

Shareholder Returns

During FY 2024, Future PLC returned £68.6 million to shareholders, comprising £64.7 million through share buybacks and £3.9 million in dividends. The company announced a new share buyback program for up to £55 million, set to commence in January 2025.

Outlook for FY 2025

Future PLC is optimistic about achieving current market expectations for FY 2025, with a continued focus on executing the Growth Acceleration Strategy. The company expects to maintain an adjusted operating profit margin of 28% and anticipates accelerating organic revenue growth beyond FY 2025.

Summarized from source with an LLMView Source

Key figures

-1.98%1Y

-72.1%3Y

-32.7%5Y

Performance

50.1%1Y

53.8%3Y

55.6%5Y

Volatility