Last close As at 05/11/2026
USD12.96
▲ −0.66 (−4.85%)
Market capitalisation
USD3,158m
Research: Consumer
The Platform Group (TPG) returned to revenue growth in Q326, although adjusted EBITDA was broadly unchanged year-on-year signalling a decline in margin. Cost reductions continue to offset pressure on the gross margin, albeit the latter were much less dramatic than seen in H126, while management’s reported leverage improved to 1.7x. The reiterated FY26 guidance requires a significant acceleration in Q4 revenue and profit growth. The acquisition of AEP remains subject to outstanding closing conditions and is excluded from the underlying guidance.