Interim report
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RNS Number : 1867TEveryman Media Group PLC03 September 2026 3 September 2026 Everyman Media Group PLC("Everyman" the "Company" or the "Group") Interim Results Everyman Media Group plc (AIM: EMAN) today announces its unaudited interim results for the 26 weeks ended 02July 2026. Highlights Adjusted1 Statutory1 H12026 H12025 Change2 H12026 H12025 Change2 % % Revenue £m 69.8 56.5 23.5% 69.8 56.5 23.5% EBITDA post IFRS-163 £m 10.8 8.2 32.0% 12.6 7.5 68.7% EBITDA pre IFRS-163 £m 6.6 4.2 57.3% 8.4 3.5 141.0%Profit/(loss) before tax £m 0.1 (2.7) 105.1% 1.9 (3.4) 156.3%Net bank debt £m 17.4 24.2 17.4 24.2 Admissions m 2.6 2.2 20.5% 2.6 2.2 20.5% Spend per head ("SPH") £ 11.41 11.09 3.0% 11.41 11.09 3.0%Paid for Average ticketprice ("ATP") £ 12.97 12.46 4.1% 12.97 12.46 4.1%Market share % 6.4% 5.8% 60 bps 6.4% 5.8% 60 bps Growth across all key metrics and increased market share · Admissions of 2.6m, up 20.5% (H1 2025: 2.2m) · Group Revenue of £69.8m, up 23.5% (H1 2025: £56.5m) · EBITDA (post IFRS-16) of £10.8m, up 32.0% (H1 2025: £8.2m) · Statutory Profit before tax £1.9m (H1 2025: £3.4m loss), includes a one-off £2.2m share based paymentcredit (H1 2025: £0.3m charge). · Food and Beverage SPH of £11.41, up 3.0% (H1 2025: £11.09) · Paid for ATP of £12.97, up 4.1% (H1 2025: £12.46) · Net bank debt of £17.4m (H1 2025: £24.2m), reflects strong operational cash flows and a focus onmanaging net debt and reducing leverage whilst we prepare to open new venues in 2027. Gross debthas been reduced by £5.0m to £25.0m since the year-end (H1 2025: £29.0m, YE 2025: £30.0m). 1 A reconciliation between Statutory and Adjusted results is included in the financial review. 2 The YOY change %'s are calculated on unrounded numbers. 3 The Group has presented Non-GAAP EBITDA on both a pre and post-IFRS 16 basis. The post-IFRS 16 measure isstated before the deduction for rent paid in the period, and remains the key metric for internal decision-making,with the pre-IFRS 16 measure used for loan facility compliance. Operational progress in 2026· In the first half of 2026, Everyman has had strong results across a wide range of films, genres andevents. We have also delivered our highest performance on original IP, book adaptations, and biopics. · Growth in Market Share to 6.4%, up 60 basis points (H1 2025: 5.8%) with strong performance on suchtitles as The Devil Wears Prada 2, Wuthering Heights, Project Hail Mary, Hamnet and Michael. · Further increase in Membership to 75,788, up 13.4% (H1 2025: 66,814). Growth trajectory pillars: looking ahead· Assessing technology investment to create a more seamless customer journey for ticketingand pre-ordering.
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· Implementing a CRM system to enable data and consumer insights to refine our film curationacross core and growing segments including Gen Z and Family. · We are investing in operational training and developing playbooks for new and maturingvenues. · Planning continues for new venue openings at Lichfield, Elephant & Castle and High StreetKensington, with openings anticipated in H2 2027 and funded through free cash flow. Thetiming and phasing of capital expenditure is dependent on access to the properties beinggranted. · Unlocking opportunities to grow revenue beyond core, including expanding income frompartnerships, events and corporate private hire. Strong partnership collaboration withaspirational brands including Range Rover, Ella's Kitchen, Emirates, Diet Coke and Rolex. · Further innovation in high quality, on trend Food & Beverage leveraging consumptionpatterns which support increases in spend per head. Confidence for the full year· Strong pipeline of content for the remainder of the year, including The Odyssey and Spider-man: BrandNew Day released in July, Sense and Sensibility in September, The Hunger Games: Sunrise On TheReaping in November, Avengers: Doomsday and Dune: Part Three in December supported by strongoriginal content well-suited to the Everyman audience. · While trading performance has been positive for the first half, the Directors retain a degree of caution for the full year outlook due to the challenging economic environment and the significance of Q4 trading to the overall annual performance of the Company. · The Directors currently expect financial year performance to be marginally ahead of 2025. Farah Golant CBE, Chief Executive of Everyman Media Group Plc, said: "The passion and the pride in what we do is palpable every day at Everyman. We have momentum and a strongfocus to manage the business with discipline and prudent investment. Through diverse and imaginative film curation, beautifully designed signature spaces and a distinctive service style in strategically located venues, theEveryman brand is leading the way for audiences seeking premium cinema as an irresistibly social experience." For further information, please contact: Everyman Media Group plc Tel: 020 3145 0500Farrah Golant, Chief ExecutiveSheree Manning, Chief Financial Officer Canaccord Genuity Limited (NOMAD and Broker) Tel: 020 7523 8000Bobbie HilliamElizabeth Halley-Stott The information communicated in this announcement contains inside information for the purposes of Article 7 ofthe Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of theEuropean Union (Withdrawal) Act 2018 (as amended) ("UK MAR"). About Everyman Media Group PLC:Everyman is a leading UK cinema and entertainment brand, redefining the theatrical experience. Everymanoperates a growing estate of venues across the UK providing first class cinema and hospitality. Our competitive strengths are: · · A broad range of well-curated programming content, from mainstream and independent filmsto theatre and live concert streams, appealing to a diverse range of audiences· An emphasis on a strong quality food and drink menu prepared in-house· Intimate and atmospheric venues, which become desirable destinations in their communities· · Motivated and welcoming people For more information visit http://investors.everymancinema.com/ Chief Executive's StatementI am pleased to report the half-year results for 2026 which provide evidence of meaningful progress for thebusiness. The UK box office exceeded £600m for the first time since the pandemic, up from £532.7m in 2025. Against a market backdrop of +13% market growth, Everyman grew +25% with admissions up by 20.5% andaverage ticket price +4.1%. Our market share rose from 5.8% to 6.4% to place us as the second fastest growingcinema circuit in the UK. Five of our venues ranked in the top 20 nationally with growth of between 40-50%. We have workstreams in place to drive key aspects of sustained growth and to consolidate the position of theEveryman brand as a pioneer in premium cinema offering. We are meeting the demand of diverse audiences nationally, who are returning to Everyman for cinema as an irresistible social experience. Our ambition remainsstrong. We continue to build on this momentum by: -Elevating the Everyman guest experience-Optimising and expanding our footprint with discipline-Unlocking new channels for audience engagement and brand relevance
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-Deepening our strategic relationships with our distributor partners-Collaborating with aspirational brands I look forward to the work ahead with the Senior Leadership, the Board and the entire Everyman team whosepassion, dedication, experience and creativity gives new definition to premium cinema. Financial OverviewRevenue increased by 23.5% to £69.8m (H1 2025: £56.5m), with growth reported across all our key revenuegenerating metrics: · Admissions increased to 2.6m, up 20.5% (H1 2025: 2.2m).· Market share increasing to 6.4%, up 60 bps (H1 2025: 5.8%). · Average Ticket Price increased 4.1% to £12.97 (H1 2025: £12.46); and· Food & Beverage SPH was £11.41, up 3.0% (H1 2025: £11.09). Adjusted EBITDA post-IFRS16 rose 32.0% to £10.8m (H1 2025: £8.2m), reflecting a strong underlyingperformance. At the period-end net bank debt was £17.4m (H1 2025: £24.2m), reflecting a focus on managing net debt andreducing leverage whilst we prepare to open new venues in 2027. Gross debt repayments of £5.0m have beenmade since the year-end, with closing gross debt of £25.0m (H1 2025: £29.0m, YE2025: £30.0m). Growth TrajectoryWe have intentionally approached this year to achieve a reset and to re-ignite growth. Our priority is to unlock value from our existing estate whilst we prepare for strategically important new venue openings in 2027. We are making investments in technology, data and insights to refine our film curation and to create a seamlessonline guest journey for ticketing and pre-ordering. This will also enhance the impact of our marketing efficacy and enable tailored offerings for key segments such as Gen Z and Family. We have strengthened our operational leadership at all levels including a new role, Head of Back of House, todeliver a stronger offering and ensure consistency across the business. Known for our high-quality food and beverage, we continue to innovate in our offering, flexing with seasonal and on-trend themes. For spring, welaunched a trial of Popcorn chicken and a new Lobster roll at key venues, which will be introduced to additionalvenues later in the year. In response to a growing demand for non-alcoholic options, we expanded our drinks offering with the introduction of a Grapefruit & Elderflower Botivo spritz and a trial of Guinness 0.0. Ourseasonal specials, the Hawaiian Pizza and the Smokehouse BBQ burger are very popular. We have defined specific venue 'cohorts' across our estate with potential to increase occupancy and establishedclear KPI's to enhance performance and optimise our footprint. We are investing in operational training anddeveloping playbooks for new and maturing venues. Membership continues to be a key area of commercial value, building higher frequency and higher SPH patternsacross all our 49 venues. Our Membership has grown 13% year on year to 75,788 members and we are planning to further enhance member benefits and value. We are rapidly growing revenue beyond the core, expanding our income from private hire, events and brand partnerships. We continued to partner with Range Rover, with their campaign broadening to include theirsponsorship of soundtracking events with Edith Bowman. Ella's Kitchen became Everyman's Baby Club partner,which continues to be a success amongst our growing family audience. Emirates concluded their first partnership burst with awards-contender screenings, including the UK's only previews of Wuthering Heights. Diet Cokeinvested in a full national campaign around opening weekend of The Devil Wears Prada 2, placing the productcentre stage across all 49 venues. Rolex continued their support of Everyman on the Canal which returned to Kings Cross this summer, attractingsignificant audiences over a 6 week season, with a carefully curated programme of films, live sport and entertainment. It embodies Everyman's commitment to bringing people together through the power of film andshared experience, reaching new audiences and embedding us at the heart of local communities and culture. OutlookThe trading performance of H1 2026 highlights Everyman's iconic position in the market to meet the demand forpremium cinema experience. We are encouraged by a strong film slate this year with highlights including The Odyssey and Spider-man: Brand New Day released in July, Sense and Sensibility in September, The Hunger Games inNovember, and Avengers: Doomsday and Dune: Part Three in December. We are also strengthened by theinvestments we are making to unlock new value. We continue to innovate and to enhance the guest experience, delivering on the Everyman promise to our audiences nationally. Farah GolantChief Executive Officer3 September 2026 Financial Review Introduction The financial information presented is as at and for the 26 week financial period ended 2 July 2026 ("H1 2026"). The comparative period is for the 26 week period ended 3 July 2025 ("H1 2025").
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Basis of presentation of results The Group presents adjusted results to provide additional clarity and understanding of the Group's underlyingtrading. Adjusted results are before depreciation, amortisation, pre-opening expenses and certain exceptionalitems. The Group has presented Non-GAAP adjusted EBITDA on both a pre- and post-IFRS 16 basis. The post-IFRS 16measure is stated before the deduction for rent paid in the period, and remains the key metric for internaldecision-making, with the pre-IFRS 16 measure used for loan facility compliance. All results within the Financial Review are adjusted results, unless specified. A reconciliation between Statutoryand Adjusted results is shown at the end of this report. Financial highlights for the 26 weeks ended 2 July 20261 · Revenue of £69.8m (H1 2025: £56.5m), up 23.5% · Gross profit of £45.3m (H1 2025: £37.1m), up 22.0% · Statutory Operating profit of £5.3m (H1 2025: £0.1m) · Statutory Profit before tax £1.9m (H1 2025: £3.4m loss) · Basic earnings per share of 1.71p (H1 2025: 3.33p loss). · Adjusted Operating profit of £3.5m (H1 2025: £0.8m) · Non-GAAP adjusted EBITDA post IFRS16 of £10.8m (H1 2025: £8.2m), up 32.0% · Net banking debt £17.4m (H1 2025: £24.2m) · Admissions of 2.6m, up 20.5% (H1 2025: 2.2m) Adjusted results2 Statutory results H1 2026 £'000 H1 2025 £'000 H1 2026 £'000 H1 2025 £'000 Revenue 69,765 56,480 69,765 56,480 Cost of sales (24,496) (19,368) (24,496) (19,368) Gross profit 45,269 37,112 45,269 37,112 Gross profit margin 64.9% 65.7% 64.9% 65.7% Other income 190 243 190 243 Administrative expenses excluding D&A (34,635) (29,155) (32,861) (29,887) Depreciation and amortisation ("D&A") (7,322) (7,366) (7,322) (7,366) Operating profit 3,502 834 5,276 102 Net finance (expense) (3,367) (3,492) (3,367) (3,492) Profit/(loss) before tax 135 (2,658) 1,909 (3,390) Tax (charge)/credit (476) 250 (346) 351 (Loss)/profit after tax (341) (2,408) 1,563 (3,039) (Loss)/earnings per share (pence) (0.37) (2.64) 1.71 (3.33) EBITDA pre IFRS-16 6,644 4,224 8,418 3,492 EBITDA post IFRS-162 10,824 8,200 12,598 7,467 EBITDA post IFRS-16 margin 15.5% 14.5% 18.1% 13.2% Net debt 17,449 24,155 17,449 24,155 1 The YOY % change is calculated on unrounded numbers. 2 A reconciliation between Statutory and Adjusted results is shown at the end of this report. The Statutory operating profit was £5.3m (H1 2025: £0.1m) which includes a share-based payment credit of£2.2m in the period (H1 2025: £0.3m charge) relating to lapsed and unvested growth shares for a formerExecutive Director. The Statutory profit after tax was £1.6m (H1 2025: £3.0m loss) after financing costs of £3.4m(H1 2025: £3.5m) and a deferred tax charge of £0.3m (H1 2025: £0.4m credit) which are further described below. The Group reports revenue of £69.8m (H1 2025: £56.5m) and adjusted operating profit of £3.5m (H1 2025:£0.8m). Adjusted EBITDA post IFRS-16 was £10.8m (H1 2025: £8.2m) reflecting an EBITDA margin of 15.5% (H12025: 14.5%). The Group reports an adjusted loss after tax of £0.3m (H1 2025: £2.4m) and adjusted basic loss pershare of 0.37p (H1 2025: 2.64p). Group net debt was £17.4m at the period-end (H1 2025: £24.2m), with strong operational cashflows in the firsthalf and a focus on managing net debt and reducing leverage whilst we prepare to open new venues in 2027. RevenueThe Group delivered revenue of £69.8m, growth of 23.5% compared to the prior period. Adjustedresults Statutory results
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H1 2026 £'000 H1 2025 £'000 H1 2026 £'000 H1 2025 £'000 Film and entertainment 34,154 27,287 34,154 27,287 Food and beverages 29,904 24,096 29,904 24,096 Other 5,707 5,097 5,707 5,097 Total Revenue 69,765 56,480 69,765 56,480 Film and entertainment revenue grew 25.2% period-on-period, which nearly doubled the UK box office revenuegrowth of 12.9% in H1 2026. Paid for Average Ticket Price of £12.97 (H1 2025: £12.46), was a 4.1% increasecompared to the prior period. Admissions were 2.6m, an increase of 20.5% (H1 2025: 2.2m). Market share increased from 5.8% to 6.4% (+60 bps) aided by strong admissions, original content and dramatitles. Key films which exceeded market share in H1 2026 included Wuthering Heights, The Devil Wears Prada 2,Hamnet and Project Hail Mary. Food & beverage revenue grew 24.1% period-on-period, with SPH increasing by 3.0% to £11.41 (H1 2025:£11.09). This growth was primarily supported by increased admissions and ongoing menu development. Other revenue grew by 12.0% period-on-period, this included memberships which grew by 13.4%, reaching75,788 members (H1 2025: 66,814). Gross profitGross profit is calculated as revenue less directly attributable cost of goods sold and does not include anyemployee costs. Gross profit was £45.3m, a 22.0% increase (H1 2025: £37.1m). Gross profit margin was 64.9% (H1 2025: 65.7%), with the lower margin primarily due to higher Film Hire costsassociated with the increased number of blockbuster titles. Other income Other income of £0.2m (H1 2025: £0.2m) comprises landlord compensation. Administrative expenses Adjusted results Statutory results H1 2026 £'000 H1 2025 £'000 H1 2026 £'000 H1 2025 £'000 Administrative expenses excluding D&A (34,635) (29,155) (32,861) (29,887) Depreciation & amortization (7,322) (7,366) (7,322) (7,366) Total Administrative expenses (41,957) (36,521) (40,183) (37,253) Adjusted administrative expenses excluding D&A were £34.6m (H1 2025: £29.2m), an 18.8% increase, comprisingof: · Employment costs were £20.4m (H1 2025: £17.3m), increasing by 18.5%. This was due to new venues opened during 2025, additional employees required to support the higher admissions, the rise in NationalInsurance contribution ("NIC") from 13.8% to 15% in April 2025, and the National Living Wage ("NLW")which increased by 4.1% in April 2026, following the increase of 6.7% in April 2025. £1.3m of theincreased period-on-period employment cost can be attributed to higher admissions, and £0.9m to thecombined NIC and NLW changes. · Property costs were £7.3m (H1 2025: £5.9m), increasing by 24.1% due to impact of venues opened in 2025 and higher maintenance costs associated with increased admissions. · Other costs were £6.9m (H1 2025: £6.0m), increasing by 14.5% due to new venues, higher IT and cleaning costs. Statutory administrative costs include £1.8m of exceptional income (H1 2025: £0.7m cost), which are furtherdescribed below. Exceptional income / (costs) Statutory results H1 2026 £'000 H1 2025 £'000 Restructuring, transformation and othercosts (274) (364) Share-based payment credit / (expense) 2,233 (326) Long term incentive scheme (124) - Exceptional gain on disposal of Barnet occupational lease - 288 Pre-opening expenses (61) (330) Total Exceptional income / (costs) 1,774 (732) Exceptional costs include:
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· Restructuring costs, and other costs were incurred in the period in relation to employment contract terminations. The prior period exceptional costs mainly related to the termination of certainemployment, IT and guest relations contracts and transforming the guest relations team. · Share based payments income/(expenses) are treated as an adjusting item as this vests over a number of years and the charge does not directly relate to the current periods trading. The £2.2m credit arising inthe period relates to lapsed and unvested growth shares for a former Executive Director. · Long term incentive scheme costs are treated as an adjusting item as this award vests over a number ofyears. · In the prior period, the Group exited the Barnet occupational lease and acquired the long leasehold for£1.1m including associated acquisition costs. The derecognition of the occupational lease gave rise to a£0.3m exceptional gain in the prior period. · Pre-opening expenses mainly include property expenses (such as utilities, service charges and businessrates) and venue staff costs (new venue preparation and staff training) incurred prior to opening a newvenue. Depreciation and amortisationThe depreciation and amortisation charge of £7.3m in the period (H1 2025: £7.4m) includes £5.0m charge fortangible assets, £2.1m amortisation of right of use assets (ROUA) and £0.2m amortisation of intangible assets. Finance (expense)/incomeFinancial expenses of £3.4m (H1 2025: £3.5m) comprise of interest charges on the Group's lease liabilities £2.4m(H1 2025: £2.4m) and £1.0m of financing charges and costs for the Group's banking facilities (H1 2025: £1.1m). The Group earnt interest income of £38k, for cash held on overnight deposit since April 2026 (H1 2025: nil). Taxation The Group has a statutory tax charge of £0.3m for the period (H1 2025: £0.4m tax credit) with an effectivestatutory effective tax rate of 18.1%. In the prior period, the Group's effective tax rate of 10.3% is due to fixedassets which do not qualify for capital allowances. The statutory tax charge for the period of £0.3m includes a £0.7m permanent difference arising on the excessIFRS 2 charge above the deferred tax calculated on future taxable deductions on the share options, offset bydepreciation on fixed assets which did not qualify for capital allowances. The Group is in a taxable profit position for the first half and has utilised brought forward losses against this profit to arrive at a nil current tax position. The net deferred tax asset at the period-end of £4.0m includes £12.6m of tax losses (gross carried forward lossesof £50.7m), £0.4m of IFRS16 deferred tax assets, offset by £9.0m of property, plant and equipment deferred taxliabilities, and £0.1m of other deferred tax liabilities. The Group continues to recognise the tax losses as a deferred tax asset due to increased certainty over futuretrading performance. The gross brought forward tax losses are expected to be utilised by the Group over thenext five years. The Group has £6.3m of gross deferred tax assets that are unrecognised at the period-end. The Group's adjusted tax charge of £0.5m for the period (H1 2025: £0.3m credit) are both driven by non-qualifying depreciation. The main difference between the H1 2026 statutory and adjusted tax is due to the share based payment credit which gives rise to a £0.03m deferred tax movement, and corresponding credit on the tax reconciliation. Non-GAAP adjusted EBITDA In addition to performance measures directly observable in the financial statements, the following additionalperformance measures are used internally by management to assess performance: · Non-GAAP Adjusted EBITDA · Admissions · Paid-for Average Ticket Price · Food & Beverage SPH Management believes that these measures provide useful information to evaluate performance of the businessas well as individual venues, to analyse trends in cash-based operating expenses, and to establish operationalgoals and allocate resources. Non-GAAP adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortisation, profit or losson disposal of Property, Plant & Equipment, impairment, share based payments, long-term incentive schemes,pre-opening expense and exceptional costs. Non-GAAP adjusted EBITDA post-IFRS16 was £10.8m (H1 2025: £8.2m). The Group improved its post-IFRS 16EBITDA margin to 15.5% (H1 2025: 14.5%). Non-GAAP adjusted pre-IFRS16 was £6.8m (H1 2025: £4.2m). The reconciliation between operating profit/(loss) and non-GAAP adjusted EBITDA is presented below: Adjusted results Statutory results
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H1 2026 £'000 H1 2025 £'000 H1 2026 £'000 H1 2025 £'000 Operating profit 3,502 834 5,276 102 Depreciation and amortisation 7,322 7,366 7,322 7,366 EBITDA post IFRS161 10,824 8,200 12,598 7,468 Rent costs (4,180) (3,976) (4,180) (3,976) EBITDA pre IFRS-16 6,644 4,224 8,418 3,492 The Group has presented Non-GAAP adjusted EBITDA on both a pre and post-IFRS 16 basis. The post IFRS-16measure, is before the deduction for rent paid in the period, and remains the key metric for internal decision-making, with the pre IFRS-16 measure used for loan facility compliance. The reconciliation between operating profit/(loss) as determined under IFRS to adjusted operating profit ispresented below: H1 2026 £'000 H1 2025 £'000 Operating profit as determined underIFRS 5,276 102 Adjustments: Restructuring, transformation and other costs 274 364 Share-based payment (credit) / expense (2,233) 326 Long term incentive scheme charge 124 - Exceptional gain on disposal of Barnet occupational lease - (288) Pre-opening expenses 61 330 Total adjusting items (1,774) 732 Adjusted operating profit 3,502 834 Cash Flow and LiquidityThe Group ended the period with cash and cash equivalents of £7.6m (H1 2025: £4.8m) and net banking debt of£17.4m (H1 2025: £24.2m). The reduction in net debt of £6.8m was driven by improved cash generated fromoperating activities and reduced cash outflows associated with venue expansion, which impacted the priorperiod. The Directors believe that the Balance Sheet remains well capitalised, with sufficient working capital toservice ongoing requirements. The net cash outflow for the period was £0.9m (H1 2025: £5.0m), after £5.0m of gross debt repayments (H12025: nil) and £2.3m of capital expenditure (H1 2025: £5.3m, net of landlord contributions). Net cash generated from operating activities was £11.6m (H1 2025: £4.7m) which included a working capitalinflow of £1.1m (H1 2025: £2.9m outflow). Cash flow used in investing activities was £2.2m (H1 2025: £9.0m) which relates to £0.2m on venue expansion and£2.0m on maintenance and IT infrastructure capital expenditure. The prior period includes investment in theBrentford and Whiteley venues, which opened in February and August 2025 respectively, as well as finalpayments for the Cambridge and Stratford sites, which opened in November and December 2024 respectively. InMarch 2025, the Barnet long leasehold was purchased for £1.1m. Cash flow used in financing activities was £10.2m (H1 2025: £0.7m). This includes £4.2m for capital and interestlease payments (H1 2025: £4.3m), £1.0m in interest payable on borrowings (H1 2025: £1.1m) and £5.0m grossdebt repayment (H1 2025: £1.0m drawdown). The prior period includes a £3.7m landlord contribution receipt inrelation to new venues opened in 2025. Free Cash Flow Pre New Openings was £4.3m in the period (H1 2025: negative £2.0m). Free Cash Flow Pre NewOpenings is defined as operating cash flow less lease payments (excluding contributions from new openings),investing cash flow (excluding payments made for new openings/long leaseholds), and interest paid onborrowings. The Board does not recommend the payment of a dividend at this stage in the Group's development. BankingThe Group retains its £35.0m three-year loan facility with Barclays Bank Plc and National Westminster Bank Plc, which was agreed on 17 August 2023. In December 2025, the Group agreed to extend the facility to 30 August 2027, and in August 2026 a further one year extension was agreed to extend the facility to 30 August 2028. This
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ensures that the Group has certainty over its banking facilities and ensures it is well positioned to take advantage of opportunities moving forwards. The facility also includes an additional £5m accordion element, to 30 August 2027, subject to lender consent. Covenants on the loan facility are based on Adjusted Leverage and Fixed Charge Cover. The Group's currentforecasts demonstrate that the Group will remain within these covenants for the foreseeable future. At the period-end, the Group had drawn down £25.0m (H1 2025: £29.0m) on its facility and held £7.6m in cash(H1 2025: £4.8m). The undrawn facility was £10.0m (H1 2025: £6.0m) and net banking debt was £17.4m (H1 2025:£24.2m). Sheree ManningChief Financial Officer3 September 2026 Consolidated statement of profit and loss and other comprehensive income for the period ended 02 July2026 (unaudited) 26 weeksended 26 weeksended Yearended02 July 03 July 01January2026 2025 2026Note £000 £000 £000 Revenue 3 69,765 56,480 116,596Cost of Sales (24,496) (19,368) (39,761) Gross profit 45,269 37,112 76,835 Other Operating Income 190 243 986 Administrative expenses (40,183) (37,253) (80,759) Operating profit/(loss) 5,276 102 (2,938) Financial income 38 - -Financial expense (3,405) (3,492) (7,244) Profit/(loss) before taxation 1,909 (3,390) (10,182)Tax (charge)/credit 4 (346) 351 (164) Total comprehensive profit/(loss) for the period 1,563 (3,039) (10,346) Basic profit/(loss) per share (pence) 5 1.71 (3.33) (11.35) Diluted profit/(loss) per share (pence) 5 1.62 (3.33) (11.35) All amounts relate to continuing activities. Non-GAAP measure: adjusted EBITDA3 Statutory operating profit/(loss) as determined under IFRS 5,276 102 (2,938) Adjustments:Depreciation and amortisation 7,322 7,366 14,963 Exceptional costs2 274 364 777 Disposal of property, plant and equipment - - 265Gain on disposal of lease - (288) (288)Impairment - - 2,946 Pre-opening expenses1 61 330 758 Long term incentive scheme charge 124 - -Share-based payment credit / (expense) (2,233) 326 541 Adjusted EBITDA post IFRS-163 10,824 8,200 17,024 1 Pre-opening expenses mainly include venue staff costs (new venue preparation and staff training) and property expenses (such as utilities, service charges and business rates) incurred prior to a new venue opening. 2 Exceptional costs mainly relate to restructuring costs. The prior year exceptional costs mainly related to restructuring, technology and guest relations transformation costs. 3 The Group has presented Non-GAAP adjusted EBITDA post IFRS-16. The post-IFRS 16 measure is stated before thededuction for rent paid in the period, and remains the key metric for internal decision-making, with the pre IFRS-16 measureused for loan facility compliance. A reconciliation between pre and post IFRS-16 EBITDA is presented in the Financial Review. Consolidated balance sheet at 02 July 2026 (unaudited)
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Registered in Englandand Wales08684079 02 July 03 July 01 January 2026 2025 2026 £000 £000 £000 Assets Non-current assets Property, plant and equipment 100,351 108,090 103,120 Right-of-use assets 57,371 61,480 59,277 Deferred tax assets 3,976 4,809 4,323 Intangible assets 8,735 9,269 8,795 Trade and other receivables 333 303 303 170,766 183,951 175,818 Current assets Inventories 967 875 936 Trade and other receivables 5,961 6,798 6,931 Cash and cash equivalents 7,551 4,845 8,418 14,479 12,518 16,285 Total assets 185,245 196,469 192,103 Liabilities Current liabilities Trade and other payables 28,130 24,655 27,543 Lease liabilities 3,851 2,887 3,633 31,981 27,542 31,176 Non-current liabilities Other interest-bearing loans and borrowings 25,000 29,000 30,000 Other provisions 1,550 1,596 1,550 Lease liabilities 100,712 104,592 102,730 127,262 135,188 134,280Total liabilities 159,243 162,730 165,456 Net assets 26,002 33,739 26,647 Equity attributable to owners of theCompanyShare capital 9,143 9,118 9,118 Share premium 57,112 57,112 57,112 Merger reserve 11,152 11,152 11,152 Other reserve 83 83 83 Retained earnings (51,488) (43,726) (50,818) Total equity 26,002 33,739 26,647 Consolidated statement of changes in equity for the period ended 02 July 2026 (unaudited) Share Share Merger Other Retained Totalcapital Premium reserve Reserve earnings equity £000 £000 £000 £000 £000 £000 Balance at 01 January 2026 9,118 57,112 11,152 83 (50,818) 26,647 Profit for the period - - - - 1,563 1,563 Total comprehensive income - - - - 1,563 1,563 Ordinary shares issued in the period 25 - - - - 25 Share-based payments - - - - (2,233) (2,233) Total transactions with owners ofthe parent 25 - - - (2,233) (2,208) Balance at 02 July 2026 9,143 57,112 11,152 83 (51,488) 26,002 Balance at 02 January 2025 9,118 57,112 11,152 83 (41,013) 36,452 Loss for the period - - - - (3,039) (3,039)
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Total comprehensive income - - - - (3,039) (3,039) Share-based payments - - - - 326 326 Total transactions with owners ofthe parent - - - - 326 326 Balance at 03 July 2025 9,118 57,112 11,152 83 (43,726) 33,739 Consolidated cash flow statement for the period ended 02 July 2026 (unaudited) 02 July 03 July 01 January 2026 2025 2026 £000 £000 £000 Cash flows from operating activities Profit/(loss) for the period 1,563 (3,039) (10,346) Adjustments for: Financial expenses 3,367 3,492 7,244 Tax charge/(credit) 346 (351) 164 Operating profit/(loss) 5,276 102 (2,938) Depreciation and amortisation 7,322 7,366 14,963 Loss on disposal of property, plant and equipment - - 265 Impairment - - 2,946 Gain on disposal of lease - (288) (288) R&D Tax Credit - 28 - Equity-settled share-based payment(credit)/expense (2,233) 326 541 10,365 7,534 15,489 Changes in working capital Decrease/(increase) in inventories (31) 89 28 Decrease/(increase) in trade and other receivables 976 618 (284) Increase/(decrease) in trade and other payables 245 (3,575) (185) Net cash generated from operating activities 11,555 4,666 15,048 Cash flows from investing activities Interest earned 38 - - Acquisition of property, plant and equipment (2,131) (7,493) (11,543) Acquisition of long leasehold - (1,084) (1,084) Acquisition of intangible assets (131) (408) (347) Net cash used in investing activities (2,224) (8,985) (12,974) Cash flows from financing activities Proceeds from the issuance of Ordinary shares 25 - - Repayment of bank borrowings (5,000) - (1,000) Drawdown of bank borrowings - 1,000 3,000 Lease payments - interest (2,362) (2,367) (4,764) Lease payments - capital (1,818) (1,950) (3,080) Landlord capital contributions - 3,723 4,473 Interest paid (1,043) (1,125) (2,168) Net cash used in financing activities (10,198) (719) (3,539) Cash and cash equivalents at the beginning of theperiod 8,418 9,883 9,883 Net decrease in cash and cash equivalents (867) (5,038) (1,465) Cash and cash equivalents at the end of the period 7,551 4,845 8,418
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Notes to the financial statements 1 General information Everyman Media Group PLC and its subsidiaries (together, 'the Group') are engaged in the ownershipand management of cinemas in the United Kingdom. Everyman Media Group PLC (the Company) is apublic company limited by shares domiciled and incorporated in England and Wales (registered number08684079). The address of its registered office is Studio 4, 2 Downshire Hill, London NW3 1NR. 2 Basis of preparation and accounting policies These condensed interim financial statements of the Group for the period ended 02 July 2026 havebeen prepared using accounting policies consistent with UK adopted International AccountingStandards. The same accounting policies, presentation and methods of computation are followed in thecondensed set of financial statements as applied in the Group's latest audited financial statements forthe year ended 01 January 2026. The financial statements presented in this report have been prepared in accordance with IFRSsapplicable to interim periods. However, as permitted, this interim report has been prepared inaccordance with the AIM Rules for Companies and does not seek to comply with IAS34 "Interim FinancialReporting". These condensed interim financial statements have not been audited, do not include all of theinformation required for full annual financial statements and should be read in conjunction with theGroup's statutory consolidated annual financial statements for the year ended 01 January 2026. Theauditor's opinion on these financial statements was unqualified, did not draw attention to any mattersby way of emphasis and did not contain a statement under s498(2) or s498(3) of the Companies Act2006. Going ConcernCurrent trading is in line with management expectations. Given the increased number of wide releasesyear-on-year, commitment to the theatrical window from distributors and new investment fromstreamers in content for cinema, management expect admissions to continue to recover towards pre-pandemic levels. Paid for Average Ticket Price and Spend per Head have continued to grow steadilydespite well-publicised concerns over consumer spends. BankingThe Group retains its £35.0m RCF facility with Barclays Bank and National Westminster Bank Plc, whichwas agreed on 17 August 2023. In December 2025, the Group agreed to extend the facility to 30 August2027, and in August 2026 a further one year extension was agreed to extend the facility to 30 August2028. This ensures that the Group has certainty over its banking facilities and ensures it is wellpositioned to take advantage of opportunities moving forwards. The facility also includes an additional£5m accordion element, to 30 August 2027, subject to lender consent. Covenants on the facility are based on Adjusted Leverage and Fixed Charge Cover. The Grouphas operated within these covenants all year and expects to continue to do so going forward. At the period-end, the Group had drawn down £25.0m on its Revolving Credit Facility ("RCF")and held £7.6m in cash; therefore, the net banking debt was £17.4m and the undrawn RCF was£10.0m. The Group's RCF has leverage and fixed charge cover covenants. The Board has reviewed forecastscenarios and is confident that the business can continue to operate with sufficient headroom. Theseforecasts include prudent assumptions around increases to admissions, as well as wage increases andinflation. In light of this, the Board consider it appropriate to adopt the going concern basis ofaccounting in preparing the financial statements. 3 Revenue 26 weeksended 26 weeksended Year ended01 02 July 03 July January 2026 2025 2026 £000 £000 £000 Film and entertainment 34,154 27,287 55,601 Food and beverages 29,904 24,096 49,926 Other income 5,707 5,097 11,069 69,765 56,480 116,596
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In the 26-week period ended 02 July 2026, £0.2m Other Operating Income was received (H1 2025:£0.2m), which is reported below Gross profit. This consisted mainly of landlord compensation payments. 4 Taxation 26 weeksended 26 weeksended Year ended01 02 July 03 July January 2026 2025 2026 £000 £000 £000 Deferred tax (credit)/expense Temporary differences on property, plant and equipment (147) 364 1,461 Temporary differences on IFRS 16 accumulated restatement 23 23 46 Available losses 489 (675) (1,366) Prior year adjustment - - 97 Other temporary and deductible differences (19) (63) (74) Total tax charge/(credit) 346 (351) 164 The reasons for the difference between the actual tax charge/(credit) for the period and the standard rateof corporation tax in the United Kingdom applied to the profit/(loss) for the period are as follows: Reconciliation of effective tax rate 26 weeksended 26 weeksended Year ended0102 July 03 July January 2026 2025 2026 £000 £000 £000 Profit/(loss) before taxation 1,909 (3,390) (10,182) Tax at the UK corporation effective tax rate of 25% (2025:25%) 477 (848) (2,545) Permanent differences (expenses not deductible for taxpurposes) (87) 528 1,489 Deferred tax not previously recognised 87 (31) 1,373 Changes in prior year capital allowance estimate - - 97 Other (131) - (250) Total tax charge/(credit) 346 (351) 164 5 Earnings pershare 26 weeksended 26 weeksended Yearended02 July 03 July 01 January 2026 2025 2026 £000 £000 £000 Profit/(Loss) used in calculating basic and diluted earnings pershare 1,563 (3,039) (10,346) Number of shares (000's) Weighted average number of shares for the purpose of basicearnings per share 91,252 91,181 91,181 Number of shares (000's) Weighted average number of shares for the purpose of dilutedearnings per share 96,655 91,181 91,181 Basic earnings/(loss) per share (pence) 1.71 (3.33) (11.35) Diluted earnings/(loss) per share (pence) 1.62 (3.33) (11.35) Basic earnings per share amounts are calculated by dividing net profit/(loss) for the period attributable toOrdinary equity holders of the parent by the weighted average number of Ordinary shares outstandingduring the year.
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The Company has 5.4m potentially issuable shares (H1 2025: 6.1m, YE 2025: 5.3m) all of which relate to thepotential dilution from the Group's share options issued to the Directors and certain employees andcontractors, under the Group's incentive arrangements. For the prior year comparatives, these options wereanti-dilutive as they would reduce the loss per share and so haven't been included in the diluted (loss) pershare. 6 Events after the balance sheet dateOn 27 August 2026 the Group extended the RCF by a further 12 months until 30 August 2028. As at 27August 2026, the Group had average net debt of £16.5m (2025: £23.9m), down 31.2%, with £3.0m ofgross debt repaid since the half-year. On 28 August 2026 Joe Lewis was appointed as a Non-Executive Director of the Group. Mr Lewis is theManaging Director of Blue Coast Capital Properties Limited and is an alternate director to MichaelRosehill who is stepping back for health reasons. Mr Philip Jacobson is assuming the role of Chair of theRemuneration Committee and member of the Audit and Risk Committee, on an interim basis, effectivefrom 28 August 2026. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END