Overview

• MHA’s FY25 revenue jumped 45% to £224.2 million with adjusted EBITDA up 32% to £41.1 million and adjusted profit before tax up 31% to £36.3 million on a post-IPO basis
• Net cash at 31 March 2025 stood at £17.7 million after the £271 million AIM listing in April bolstered the balance sheet CEO Rakesh Shaunak attributed half of the revenue uplift to prior-year acquisitions and half to organic growth while advisory demand rose on uncertainty over US tariff policy
• The firm disclosed average partner pay of £565,000 and top payouts near £2.4 million under its new post-IPO remuneration structure
• On August 11, MHA completed the acquisition of Baker Tilly South-East Europe to broaden its footprint and has set a medium-term revenue target of at least £500 million