IN BRIEF: DSW Capital sees earnings meeting revised expectations

DSW Capital PLC - Warrington, England-based professional services provider via the Dow Schofield Watts and DR Solicitors brands - Guides network revenue for the financial year ended March 31 in line with revised expectations at £22.8 million, down from £25.8 million achieved in financial 2025. Also sees total income from licencees landing in line with revised expectations at £6.3 million, up from £5.0 million a year prior. Adjusted earnings before interest, tax, depreciation and amortisation is expected to be in line with revised market expectations at around £1.6 million, with adjusted pretax profit expected at around £1.4 million. For financial 2025, adjusted Ebitda was £1.8 million and adjusted pretax profit was £1.4 million. Expects to report its full-year results on July 28.

‘Whilst it is frustrating that the robust performance achieved in the early stages of FY26 stalled in the second half, the Board’s strategic aim continues to focus on growing the business and building a resilient and diversified group of licensee businesses. The acquisition of DR Solicitors and its subsequent growth, reducing the Group’s dependency on M&A activity significantly, demonstrates this strategy in action, with M&A in FY26 accounting for 34% of Total Income, down from 57% in FY25,’ says Chief Executive Shru Morris.

Current stock price: 47.00 pence, up 4.4% on Friday in London

12-month change: down 22%

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