Rakesh Shaunak

The professional services provider of audit and assurance, tax, accountancy and advisory services today announced the interim full-year combined results of its operating entities for the six months ended 30 September 2025.

Revenue increased to £121.3m in the six-month period, up 13.2% from the same period in the 2025 fiscal year, as a result of organic (9.2%) and acquisitive growth (4%).

Adjusted underlying EBITDA was up 11% to £21.9m from £19.7m, while adjusted profit before tax was up 8.8% to £18.5m from £17m.

Rakesh Shaunak, chief executive officer of MHA, said: “We delivered a strong trading performance in the first half of FY 2026 with positive results for a business that continues to grow organically and by way of acquisition, a model that has underpinned our success to date and that we expect will support our future expansion.

“As always, I am truly indebted to the endeavours of an exceptional staff and partners, without whom our success would not be possible.”

MHA experienced strong growth across all service lines during the period, supported by high retention levels and continued demand for audit, tax and advisory services.

Among its 30 locations, MHA has Scottish offices in Edinburgh and Aberdeen.

Activity was particularly strong in key sectors including financial services, manufacturing, professional services and engineering and technology, each recording significant double-digit revenue growth.

MHA’s tax teams experienced increased volumes (up 17% in fees) as clients responded to recent changes in UK tax rules and cross-border requirements, which continue to generate high demand for specialist advice.

Mr Shaunak added: “With a strong first half and a clear set of strategic priorities, all of us at MHA remain confident in our prospects for the remainder of the year, despite an uncertain economic backdrop.

“We expect to deliver a full-year performance in line with market expectations and continue to see significant long-term opportunities for both organic and acquisitive growth.”