NAHL GROUP PLC - Audited results for the year ended 31 December 2025

NAHL Group delivered a strong 2025 investor update, reporting resilient company performance driven by significant profit growth, improved cash generation, and continued operational progress across its consumer legal services and critical care divisions. Group revenue increased 3% to £40 million, while underlying profit before tax surged 260% to £5 million, supported by strong EBITDA performance, higher settlement activity, disciplined cost management, and reduced marketing acquisition costs. Free cash flow rose 51% to £3.9 million, enabling net debt to fall 55% to a 10-year low of £3.2 million. The company’s integrated law firm, National Accident Law, continued to mature with over 7,000 active claims and £30 million of expected future cash receipts, highlighting the strength of its long-term claims portfolio and scalable legal services model. Meanwhile, National Accident Helpline maintained stable inquiry generation and improved lead quality through enhanced digital marketing, AI-driven optimisation, and strategic SEO initiatives. In the Critical Care division, Bush & Co delivered resilient recurring revenue growth despite operational disruption linked to a strategic review process, with strong performances in expert witness services and care solutions. Management highlighted encouraging trading momentum entering 2026, including higher inquiry volumes, continued cash conversion, growing recurring revenues, and strategic initiatives aimed at accelerating shareholder value, expanding specialist care services, and leveraging AI and technology to improve productivity, margins, and long-term growth potential.