Zinc Media Group LON:ZIN, the London-listed television and content production company, has reported its strongest first-half performance since initiating its transformation strategy in 2020. For the six months ending 30 June 2025, the group secured revenue of £35m, up nearly 30% year-on-year, reflecting significant contract wins and increasing visibility into full-year results.
Chief Executive Mark Browning described the performance as “excellent”, citing landmark commissions and some of the company’s “most talked about” productions to date. “The long-term future of this Group has never looked better,” he said.
At the close of the first half, the company had an additional £5m of revenue in advanced discussions, and cash reserves stood at £4.2m, marginally ahead of the previous year. Net cash rose to £0.7m, and the group maintained ongoing investment in new businesses to support long-term growth.
Zinc also introduced new medium-term financial targets, aiming to reach £50m in annual turnover and £5m in EBITDA. These will be underpinned by three strategic growth pillars, expected to contribute an additional £10m in revenue and £3m in EBITDA by FY28.
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Growth in the Gulf and entertainment formats
The first growth pillar is expansion in the Middle East, where Zinc generated £5m of revenue in FY24. A new production base is being established in Saudi Arabia under the Edge label, following the delivery of a £2.6m event production in the UAE. Additional investments in Qatar are expected to enhance regional operations.
The second pillar focuses on entertainment television, with the launch of Electric Violet in late 2024. Led by Andrea Hamilton, formerly of Strictly Come Dancing and The Voice, the label aims to secure high-value entertainment format contracts. The division has a current development pipeline worth £18m and targets at least £4m in revenue by 2028.
The third pillar centres on monetising intellectual property and format-led production. Following the acquisition of Raw Cut Television, Zinc now owns a library of 5,500 hours of IP. Early steps to monetise this include a YouTube channel dedicated to Bargain Loving Brits in the Sun, in partnership with Fremantle. The company is also exploring direct-to-consumer channels and FAST (Free Ad-supported Streaming Television) services. By 2028, it aims to generate an additional £1.5m in high-margin IP revenue.
Cost efficiencies and organisational streamlining
Zinc implemented structural changes in the first half to simplify operations and reduce costs, achieving £0.3m in additional annualised savings. Its nine television labels have been consolidated under a single television division led by one Managing Director, supported by two executive directors. Production management has also been centralised, integrating functions such as post-production, music services, and IP distribution.
The Edge business has now been fully integrated into the group platform, following a leadership transition completed in June.
Programme highlights and market presence
Among the company’s recent commissions are Race Against the Tide for the BBC, a major cultural documentary in Saudi Arabia, and a large-scale live event for G42 in the UAE. Notable broadcasts this year include Israel and the Palestinians: The Road to 7th October (BBC), Hunting the Shoplifters (Channel 5), Queens of Combat (Paramount+), and Live Aid at 40, which drew 2.1 million viewers on BBC2.
