Peel Hunt Limited (LSE:PEEL) reported a sharp uplift in performance for the six months to 30 September 2025, with group revenue rising 38.3% year-on-year to £74.4 million.

Profit before tax jumped to £11.5 million, an 858.3% increase from £1.2 million a year earlier. On an adjusted basis—excluding share-based payment charges and exceptional items—profit before tax climbed 306.5% to £18.7 million.

Each of the firm’s business units contributed to the momentum. Investment Banking delivered a 45.6% revenue increase to £32.9 million, with M&A advisory accounting for around 70% of total Investment Banking fees. Peel Hunt advised on 10 public M&A deals worth a combined £8.1 billion, placing the firm third in the UK league tables.

Research & Distribution posted modest growth of 2.2% to £13.9 million, while Execution Services recorded its strongest half-year since the COVID lockdowns, generating £27.6 million in revenue—a 56.8% increase.

The company continued to streamline operations, cutting headcount by more than 15% from its FY23 peak and trimming underlying fixed costs by roughly £5.0 million for FY26. Net assets rose to £100.7 million, up from £88.7 million at the end of March 2025.

Chief Executive Officer Steven Fine said: “I am delighted with the Group’s strong financial performance in the first half, which reflects the significant strategic progress we have made in recent years.”

Peel Hunt added that trading in the second half has begun positively, and it remains confident in meeting full-year market expectations.

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