Revenues doubled at Brave Bison Group plc in its latest half-year period while profits also rocketed.
The marketing and technology group saw new revenue for the six-month period ended 30th June 2026 hit £23.7 million, up 97% year-on-year. This was ahead of budget and board expectations.
Adjusted EBITDA for H1 was £4.2m, up 87%, and in line with expectations. Unaudited net cash was £4.7m at the period end, it stated to the London Stock Exchange.
Last year Brave Bison acquired eLearning business MiniMBA from Centaur Media plc. It provides MBA-level tuition through an online learning platform to around 6,000 delegates every year.
The firm sells directly to marketers, as well as to major brand advertisers looking to train their marketing teams, including John Lewis, Tesco, Google, Nestle and Carlsberg.
Its half-year outperformance was driven by MiniMBA, performance marketing and sport & entertainment activities, it said. This was marginally offset by its insights practice, which saw client budgets negatively impacted by the Middle East crisis.
The first cohort of MiniMBA runs April to July, therefore profitability is structurally weighted towards the second half of the year, according to Brave Bison.
Budget and board expectations for the full year remain in line with previous guidance.
Oliver Green, executive chairman, said the results were the “result of accretive acquisitions and strong organic growth, notably at MiniMBA which grew organically by over 20% cohort-to-cohort”.