Social Chain owner Brave Bison has reported strong full-year trading performance for 2025, with revenue up 57% to £33.5 million.
The AIM-listed marketing and technology company saw net revenue above forecasts, while adjusted also EBITDA rose 44% year-on-year, from £4.5m to at least £6.5m.
Adjusted profit before tax increased 41% to £5.5m.
Despite a reduction in year-end net cash to £4.3m from £7.5m, the London-based firm said this was significantly ahead of consensus expectations, driven by strong Q4 trading and an improved working capital position that is expected to partially unwind during the first half of 2026.
The company said its strong second-half performance now puts it on track to repay all outstanding bank debt before the end of 2026, earlier than previously expected.
Debt facilities were drawn to fund acquisitions completed in the second half of FY25, with excess free cash flow expected to support further M&A activity and dividend payments.
Those acquisitions over the year included swoops for Builtvisible, MTM, MiniMBA and M+C Saatchi Performance in what was a busy year of M&A for the business.
Looking ahead, the board said it is comfortable with FY26 consensus expectations of £45m in net revenue and £9.4m of adjusted EBITDA.
Brave Bison now operates across eight countries including the UK, India, Australia and Egypt, delivering digital services, digital media and marketing skills training to global brands.
Its Digital Services division includes performance media, social and influencer marketing, sports and entertainment marketing, and strategic insight, working with clients such as New Balance, Primark and Google, as well as Formula 1, Real Madrid and New Zealand Rugby.
In the first 50 minutes of trading today, its share price is up by over 5% to 73.5p, whilst its market cap has now passed £75m.