Financial PerformanceThe Board confirmed the delivery of an improved trading performance, marginally ahead of current market expectations.
Revenue GrowthEncouraging recent trading: Record revenues; +11% organic revenue growth, with growth across all divisions; +30% back catalogue revenue growth; a greater rate of first-party IP penetration, now at 42%.
Strategic GrowthNet cash increased significantly to £62.9m, allowing flexibility for mergers and acquisitions while introducing a new progressive dividend policy.
UndervaluationEverplay trades on a low FY25E EV/EBITDA multiple, suggesting it is undervalued compared to its earnings potential.