August 6, 2021

Interim results for the six months ended 30 June 2021

Brave Bison Group plc (AIM: BBSN), the social media and marketing group, today announces its unaudited interim results for the six months ended 30 June 2021. 

Highlights 

·    Increase in revenue of 32% to £7.3 million (H1 2020: £5.5 million) 

·    Adjusted EBITDA1 was a profit of £0.5 million (H1 2020: negative adjusted EBITDA of £0.4 million)

·    Net cash as at 30 June 2021 of £2.9 million (30 June 2020: £2.1 million)

·    Profit before tax of £0.2 million (H1 2020: loss of £1.4 million), and profit before tax and acquisition costs of £0.4 million (H1 2020: loss of £1.4 million)

·    Ranked 2nd in the Drum’s UK Digital Agency Census

·    Significant client wins and contract renewals during the period, including Panasonic, Vodafone, Suntory, Hero Caribbean Premier League, DAMAC Properties, Hyprr and the BBC

·    Launched the second series of the UK’s biggest TikTok content house, The Wave House

To view the full results, click here

Oliver Green, Executive Chairman, commented:

I am pleased to report strong results for the first half of the year despite the impact of lockdowns across the UK and Singapore. During the period we saw our revenues grow and were able to a generate a pre-tax profit during the half year for the first time in recent years. Our Group continues to be profitable on a month by month basis and has now been cash generative in two consecutive half year periods. I look forward to continued momentum in the second half of the year, which is historically a stronger trading period as a result of Christmas related advertising budgets.”