Future plc (LSE:FUTR) reported a 6% decline in revenue for the year ended September 2025, reflecting ongoing organic softness, adverse currency movements, and the impact of selected business closures. Despite these headwinds, the company maintained a robust adjusted operating margin of 28% and announced both a meaningful dividend increase and a new share buyback programme. Management continues to prioritise strategic initiatives aimed at reigniting growth, including deeper monetisation of creator-led content and enhancing audience engagement. The group remains cautiously optimistic, targeting modest organic revenue growth in FY26 and sustainable expansion over the medium term.

The outlook is supported by steady financial performance and an appealing valuation, though tempered by bearish technical indicators. Strong cash generation and disciplined cost control are notable positives, while slow revenue growth, margin pressure, and subdued market momentum continue to present challenges.

More about Future plc

Future plc is a global content and media platform that produces and distributes specialist, trusted content across roughly 175 brands. Its diversified monetisation mix spans digital advertising, ecommerce affiliate revenue, subscriptions, newsstand sales, and live events. Content is delivered through multiple formats, including websites, newsletters, video, magazines, and in-person experiences, with the company holding leading positions across several niche verticals.

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