Brave Bison Reports Strong FY24 Growth, Announces Maiden Dividend and Positive FY25 Outlook

Let’s cut through the noise. Brave Bison’s FY24 results aren’t just a set of numbers-they’re a manifesto for how a plucky digital media outfit transforms into a cash-generative, dividend-paying machine. Here’s what you need to know.

The Headline Acts: Growth, Profit, and That Maiden Dividend

Brave Bison delivered a 7% rise in adjusted profit before tax to £3.9m, with net revenue climbing 2% to £21.3m. Strip out the scaled-back US operations, and underlying net revenue growth jumps to a healthier 8%. Margins? Up 50 basis points to 21%. Not bad in a sector where many peers are still wrestling with profitability.

• Cash pile: £7.5m (up 10% YoY), with a £3m undrawn credit facility.
• Adjusted EBITDA: £4.5m (+5%), marking the fourth consecutive year of growth.
• Dividend debut: A symbolic but strategic £0.3m final dividend (0.02p per share).

Why the Dividend Matters

This isn’t just a token gesture. After 12 years as a listed company-and five years under the current management-Brave Bison is signalling confidence. The dividend, though small, hints at a shift from pure growth mode to balanced capital allocation. As Chairman Oliver Green puts it: “We’re here to build sustainably and reward shareholders.”

Strategic Plays: Acquisitions, AI, and “Follow-the-Sun” Sports

Brave Bison isn’t sitting still. Three acquisitions since late 2024-Engage (sports marketing), Builtvisible (SEO), and The Fifth (influencer marketing)-paint a clear picture: vertical integration.

Engage: The Sports Power Move

This £8.5m deal adds clients like Formula 1 and Real Madrid, plus a 130-strong team across London, Dubai, and Australia. The kicker? A “follow-the-sun” model for 24/7 service delivery-perfect for global sports federations eyeing direct-to-fan strategies.