MHA announce interim revenues up 13 per cent

Leading professional service provider MHA has announced the interim full-year combined results of its operating entities for the six months ended 30 September 2025.

MHA offers audit and assurance, tax, accountancy and advisory services and has offices in Preston and Lancaster and saw revenue increase to £121.3m in the six-month period, up 13.2 per cent from H1 FY 25.

The increase was a result of both organic (9.2 per cent) and acquisitive (four per cent) growth.

The adjusted underlying EBITDA was up 11 per cent to £21.9m from £19.7m while adjusted profit before tax was up 8.8 per cent to £18.5m from £17m.

MHA expects to deliver a full-year performance in line with market expectations, with significant long-term opportunities for both organic and acquisitive growth.

Rakesh Shaunak, chief executive of MHA, said: “We delivered a strong trading performance in the first half of FY 2026 with positive results for a business that continues to grow organically and by way of acquisition, a model that has underpinned our success to date and that we expect will support our future expansion.

"As always, I am truly indebted to the endeavours of an exceptional staff and partners, without whom our success would not be possible.”

MHA experienced strong growth across all service lines during the period, supported by high retention levels and continued demand for audit, tax and advisory services.

Activity was particularly strong in key sectors including financial services, manufacturing, professional services and engineering and technology, each recording significant double-digit revenue growth.

 MHA’s tax teams experienced increased volumes (up 17 per cent in fees) as clients responded to recent changes in UK tax rules and cross-border requirements, which continue to generate high demand for specialist advice.

The integration of Baker Tilly South East Europe that was competed in the period is progressing to plan and the firm is seeing early benefits from the expansion of its geographic reach and service capabilities.

Investment following the IPO is strengthening the platform further, particularly in technology and data, where initiatives are beginning to enhance efficiency and client delivery.

Rakesh said: “Adoption of AI and automation continue to increase across the firm.

"More of our people are now using automation in Personal and Corporation Tax, and our pilots of tools such as ChatGPT Enterprise and Microsoft Co-Pilot are expanding into day-to-day workflows.

“We continue to take a measured, cost-effective approach, ensuring technologies meet our standards for maturity, security and regulatory compliance.”

MHA enters the second half of the financial year with positive momentum and good visibility across its core service lines.

Rakesh said: “With a strong first half and a clear set of strategic priorities, all of us at MHA remain confident in our prospects for the remainder of the year, despite an uncertain economic backdrop.

"We expect to deliver a full-year performance in line with market expectations and continue to see significant long-term opportunities for both organic and acquisitive growth.”

Lancashire Business View reported last month that MHA was crowned best newcomer of the year at the prestigious annual AIM awards on Wednesday at the Park Plaza Westminster Bridge in London.

In association with the London Stock Exchange, the awards identify the quoted companies and entrepreneurs who have harnessed the Alternative Investment Market (AIM) to help them fulfil their ambition and growth potential in the last 12 months.

Since floating on AIM in April this year, MHA has gone from strength to strength on the exchange in a year which has been challenging for the London market.