DSW CAPITAL PLC - Half Year Results for the six months ended 30 September 2025
Description
DSW Capital PLC delivered a resilient and strategically significant investor update in its Half Year Results presentation, highlighting strong network performance, enhanced diversification, and accelerating growth momentum. Management emphasized the strength of the company’s scalable advisory platform—now spanning both financial and legal services following the acquisition of DR Solicitors—which has materially reduced dependency on M&A activity and expanded recurring income streams. Key financial results included network revenue growth, an 18% like-for-like increase in total income, improved effective licence fees, and adjusted EBITDA of £0.7m with margins exceeding 24%, supported by high operating cash conversion of 133% and a strengthened net cash position. Fee earner numbers continued to rise, with headcount up 76% since IPO and revenue per earner stabilizing around £200k, reflecting improved utilisation and growing order book quality.
United States
