International consultancy Elixirr has announced its results for the first half of 2025. According to the report, revenues increased by 35% year-on-year, thanks to five record-breaking months at the start of the year.
Stephen Newton, co-founder and CEO of Elixirr, commented, “The first half of 2025 has been an exceptional and transformative period for Elixirr, marked by continued record-breaking profitable growth. Our successful move from AIM to the Main Market of the London Stock Exchange on July 1st underscored an excellent period, and was a particularly proud milestone and a testament to the commitment of our team and scale of our ambitions.”
After enjoying a run of rapid growth since its AIM IPO in 2020, Elixirr reported in its annual results for the 2024 financial year that revenue had climbed by 30% compared to 2023. As Elixirr seeks to progress to the next stage of its growth, moving to the Main Market will provide it with a stronger platform to elevate its brand profile, attract global investment, and “compete more credibly with the world’s largest consulting firms” – according to a release from the company.
But Elixirr has already been kicking on from 2024 with a record-breaking start to 2025. With revenue growth outpacing the previous year’s at 35%, the first six months saw Elixirr bring in £71.4 million in revenues – up from £53 million. The Group’s strong service offering and continued growth saw Elixirr achieve five record-breaking months in the first half of 2025 as the firm continues to outperform the wider consulting market.
At the same time, Elixirr declared an improved EBITDA of £21.5 million – up 42% from the first half of 2024’s £15.1 million. Free cash flow increased by 12% from the previous comparable period to £7.9 million, and organic growth rising by 17% over the same timeframe.
Looking ahead, however, as Elixirr continues its upward trajectory, the firm remains committed to building on previous investments and acquisitions. Recently, this was reflected by the consultancy’s announcement of its largest acquisition to date: TRC Advisory. The fast-growing US-based advisory firm specialises in growth strategy and commercial effectiveness, for both public and PE-backed global businesses.
With client demand for the full breadth of Elixirr’s services driving £14.7m in cross-sell revenue in the first half of 2025. With TRC’s track record in C-suite-led transformation across strategy, go-to-market, pricing and resource productivity, this acquisition bolsters Elixirr’s executive, operational and technology capabilities, adding scale to operations, and helping it to meet with its accelerating US growth.
Newton added, “As we broaden our market access through our growing client base and targeted acquisitions, we remain focused on helping our clients navigate their most critical challenges. With our acquisition of TRC Advisory, we are well-positioned to unlock even greater opportunities for our clients, shareholders and our team in the years ahead.”
The growth of the firm has also been driven by a series of key promotions and external partner hires. Bringing decades of consulting and industry expertise across the US and UK, recent additions included Stuart Stern and Conrad Troy. Meanwhile, notable internal promotions included Portia Thornhill (General Counsel), with two further partner promotions effective October 2025: Tash Rostance and Nick Greenwood. At the same time, the first half of 2025 saw Graham Busby (formerly CFO) appointed deputy chief executive officer. Nick Willott (formerly finance director and company secretary) meanwhile stepped up to chief financial officer, and to the Elixirr board.
Sourced fron Consultancy Uk