Operator
Welcome to the Videndum half-year outcomes 2026. I will now hand it over to Chairman Stephen Harris to start. Please go forward.
Stephen Harris
Government Chairman
Thanks. Good morning, girls and gents. Welcome to the decision. I am Stephen Harris. I’ve with me at present Brian Morgan, our Chief Monetary Officer. If we transfer to slip 2, you possibly can see the agenda that we have this morning, a really brief agenda. I will be doing a fast overview, simply speak about important occasions that impacted us on this first half. Brian will take you thru a monetary overview. I will come again for the technique and operational priorities piece, into the outlook. With none additional ado, let’s transfer on to slip 3, please.
Only a fast overview. It is greater than honest to say that our half one for us has been very tough. Loads disappointing for us, as I am certain it’s for the shareholders. The like-for-like revenues, in truth, should you modify for discontinued manufacturers at fixed forex, is nearly flat with the prior yr. There’s underlying progress in there [indiscernible] additionally some downward swings. We’ll speak about that in a minute. We acquired a rise in EBITDA to GBP 3 million, GBP 2.3 million of adjusted working money move, regardless of the actual fact we had an working loss.
Web debt has decreased by GBP 103 million. We’re sitting at GBP 39.3. That features the leases, in fact. Brian will unpick that as to how that comes about and what’s concerned in that. We simply transfer on to the following slide, please. The numerous occasions, I wish to have known as this key achievements, however sadly you would not need a few of these
