BTG Consulting flags better-than-expected full-year results
By Josh White
Date: Thursday 21 May 2026
(Sharecast News) - BTG Consulting said on Thursday that it expected full-year results to be above the top end of market expectations, after growth across its restructuring, real estate and financial advisory businesses.
The AIM-traded financial and real estate advisory firm said revenue for the year ended 30 April was expected to rise about 10% to £169m, from £153.7m a year earlier.
Organic growth was expected to be around 8%.
Adjusted EBITDA was expected to increase about 5% to £33.3m, while adjusted pre-tax profit was expected to rise about 6% to £25.0m.
The company said all three measures were above the top end of market expectations.
Net debt stood at £1.0m at year end, compared with net cash of £0.9m a year earlier, after acquisition payments.
BTG said its restructuring team delivered another strong year, with continued organic growth and high activity levels across new and ongoing engagements.
The group retained its position as the number one firm by volume of UK corporate appointments and ranked second nationally for administrations.
The company said administration appointments increased during the year, including the administration and sale of Sheffield Wednesday FC, alongside work related to the Market Financial Solutions group.
The real estate advisory businesses also performed strongly, supported by demand across valuations, building consultancy and planning.
BTG said its property auctions platform continued to perform well, providing a reliable flow of instructions and supporting earnings resilience.
The financial advisory team benefited from corporate finance completions in the second half, although the transactional advisory market remained affected by the macroeconomic environment.
BTG said it remained in a robust financial position after investing about £8.1m in acquisitions and earn-outs, using about £1.2m for share buybacks to offset dilution, and paying around £6.9m in dividends during the year.
During the period, the group acquired Kirkby Diamond, extending its geographic coverage, and Network Auctions, expanding its auctions platform in the South East.
Both businesses were said to have integrated well.
BTG said it had started the new financial year with an increased pipeline of restructuring engagements and continued activity across its advisory businesses, with macroeconomic uncertainty expected to drive demand.
Chief executive Mark Fry said the group had delivered "another record" performance, reflecting growth across core service lines and the resilience of its model.
"We expect a backdrop of increased macroeconomic uncertainty to continue to drive demand across our restructuring and advisory services, and we enter the new financial year with an increased pipeline of instructions," he said.
BTG said it would report its final results on 6 July.
At 1237 BST, shares in BTG Consulting were up 3.86% at 121p.
Reporting by Josh White for Sharecast.com.
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