Wilmington (LON:WIL) Posts Earnings Results

Wilmington (LON:WIL) issued its quarterly earnings results on Tuesday. The company reported GBX 25.14 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Wilmington had a return on equity of 10.05% and a net margin of 9.29%.

Here are the key takeaways from Wilmington’s conference call:

• FY 2026 revenue rose 37% on an ongoing basis, with 8 of 9 continuing businesses growing and organic revenue growth of 4%. Adjusted EBITDA increased 33% to £29.8 million, adjusted PBT rose 15% to £30.1 million, and the proposed dividend increased 9% to 12.5 pence.
• Conversia performed ahead of expectations, delivering 26% growth during Wilmington’s ownership and more than 20% pro forma growth for the full year. Its Signo platform reached approximately 19,000 customers in its first year, while the business has substantial expansion potential in Spain and is expected to improve toward high-20s or 30% operating margins over the next two to three years.
• Wilmington is developing a common RegTech technology stack across its brands to reduce duplicated technology costs, accelerate product development, improve customer retention, and increase subscription revenue. Management said recurring subscriptions represented 41% of continuing revenue including Conversia and could approach 50% with a full year of ownership.
• The group has more than 90 AI initiatives logged, with over 35 already live and 30 in development. Management cited early efficiency gains, including reduced tender-review times and potential savings in course development, while emphasizing human oversight and the use of proprietary data, content, and professional relationships to limit AI-related competitive risks.
• Health, safety, and environment businesses Astutis and Phoenix faced sales headwinds and lower margins, with the division’s margin at approximately 13% for the year. Management expects stronger growth in FY 2027 and believes margins can recover toward the mid-20s within 12–18 months, but this remains dependent on revenue growth in a competitive market.

Wilmington Trading Down 1.7%

Shares of WIL opened at GBX 279.21 on Thursday. The company has a debt-to-equity ratio of 62.24, a quick ratio of 0.86 and a current ratio of 0.75. Wilmington has a 52-week low of GBX 230 and a 52-week high of GBX 360. The firm has a market cap of £250.34 million, a price-to-earnings ratio of 23.23, a PEG ratio of 1.44 and a beta of 0.32. The business’s fifty day moving average is GBX 272.74 and its 200-day moving average is GBX 260.37.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 485 target price on shares of Wilmington in a research report on Tuesday. Canaccord Genuity Group raised their price target on Wilmington from GBX 445 to GBX 470 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 458.33.

Wilmington Company Profile

Wilmington acts as trusted partner to customers who are operating in regulated sectors and in the governance, risk and compliance markets. We provide critical data and information to enable our customers to make the decisions needed to maintain compliance with the rules and regulations that apply to them; and we provide training and education to equip our customers with the knowledge and skills to carry out their activities in line with best practice.