Zinc Media Group shares fall 13% on Iran war delays Proactive uses images sourced from Shutterstock
Zinc Media Group PLC (AIM:ZIN) shares fell 13% to 49.25p as the group said the war in Iran was expected to delay £7 million of planned production into 2027.
The group now expects revenue of £38 million for the 2026 financial year, with earnings before interest, tax, depreciation and amortisation of £1.4 million.
First-half revenue fell to £13.2 million from £22.9 million a year earlier.
Revenue of £8 million, representing £3 million of gross margin, moved into the second half, predominantly because of the war.
The group reported an adjusted loss before tax of £1.5 million, against a £0.2 million profit a year earlier. Gross margin improved by seven percentage points to 44%.
Cash fell to £2.8 million at 30 June from £4.2 million a year earlier, while net debt stood at £1.1 million, compared with net cash of £0.7 million.
By 18 September, Zinc had contracted £32 million of revenue for recognition in 2026, with a further £6 million at an advanced stage for second-half delivery.
It is also targeting more than £1 million in annual cost savings through an efficiency programme.