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Essent .(ESNT) - 2025 H1 - Earnings Call Presentation
2025-07-29 07:30
Financial Performance - Total revenue decreased to £152.4 million, compared to £159.7 million in H1 2024[10, 11] - Adjusted operating profit decreased to £16.5 million, compared to £21.8 million in H1 2024[10, 11] - Adjusted operating profit margin decreased to 10.8%, compared to 13.7% in H1 2024[10, 11] - Adjusted basic EPS decreased to 3.4p, compared to 4.6p in H1 2024[10, 11] - Adjusted profit before tax decreased to £12.5 million, compared to £17.7 million in H1 2024[11] Regional Performance - EMEA revenue decreased to £82.0 million, compared to £89.4 million in H1 2024[31] - Americas revenue decreased to £50.0 million, compared to £51.3 million in H1 2024[34] - APAC revenue increased to £20.4 million, compared to £19.0 million in H1 2024[37] Strategic Initiatives - The company is targeting a medium-term adjusted operating margin of approximately 18%[25, 26] - The company is focused on market share growth and delivering on elements within its control[60] - The company is driving operational excellence to ensure enhanced levels of customer service[61] - The company is increasing its product offering in faster-growing end-markets, including selective bolt-on M&A[61]