Brave Bison has seen adjusted pre-tax profits grow 20%, to £1.8m, for the six months to June 30. Adjusted underlying earnings also rose 12% to £2.1m, while net revenues ticked up 1% to £10.1m.
The AIM-listed group also highlighted that net cash had surged 58% year-on-year to £6.8m.
Brave Bison, which acquired high-profile Manchester agency SocialChain last year and more recently saw its attempts to take over Mission Group rebuffed, said it “remains comfortable” with current market expectations for FY24 and noted that it “typically benefits” from a H2 weighting as a result of seasonally higher digital media rates.
Executive chairman Oliver Green (pictured left with brother, Theo) said: “We are pleased to report strong underlying performance in the first half of the year and remain confident that momentum will build as we head towards peak trading at the end of 2024.
“Our strong balance sheet and net cash position will allow us to invest further into the business which is well primed for growth in an AI-driven and increasingly complex digital world.”
Brave Bison shares were up 4.13% at 2.37p this morning on the news.
