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Highlights:

  • RELX  recorded H1FY25 revenue of GBP 4.74 billion, with 7% underlying growth.
  • RELX PLC reported adjusted EPS of 63.5p, reflecting a 10% increase at constant currency.
  • RELX completed GBP 1 billion of its GBP 1.5 billion share buyback and three acquisitions totalling GBP 262 million.

RELX PLC (LSE:REL), a UK-based FTSE 100 provider of information-based analytics and decision tools, announced its financial results for the first half of 2025. The company delivered underlying revenue growth of 7% and adjusted operating profit growth of 9%, while maintaining a 100% adjusted cash flow conversion. These results were in line with trends seen in 2024, but with a greater contribution from higher-margin business segments. The company reported total revenue of GBP 4.74 billion in H1FY25, up from GBP 4.64 billion in the same period last year. Adjusted operating profit rose to GBP 1.65 billion from GBP 1.58 billion, while adjusted earnings per share increased by 10% at constant currency to 63.5p. Reported EPS rose marginally to 52.9p from 52.6p.

RELX operates across four primary business areas: Risk, Scientific, Technical & Medical (STM), Legal, and Exhibitions. According to Chief Executive Erik Engstrom, all segments contributed to the company’s performance in the first half.

  • The Risk segment continued to expand its analytics and decision tool offerings, supporting sustained revenue growth.
  • The STM division maintained growth and began to gain additional momentum in 2025, helped by increased demand for scientific content and applied analytics.
  • In Legal, RELX reported further improvement in growth performance, supported by expanding adoption of workflow solutions.
  • The Exhibitions business has now reached a stable growth profile after pandemic-era disruptions, with steady event volumes and international participation.

The company emphasised that long-term revenue visibility is supported by its shift toward analytics and digital decision-support tools. These offerings rely on integrating proprietary data with technologies like AI to improve outcomes for professional users.

During the first half of 2025, RELX completed three acquisitions with a total consideration of GBP 262 million. While details of the individual acquisitions were not disclosed in the earnings release, management stated these additions align with its strategy of building out higher-value analytics capabilities. Capital returns to shareholders continued through the company’s share buyback programme. RELX reported that it has completed GBP 1 billion of its previously announced GBP 1.5 billion repurchase plan. The remaining GBP 500 million is expected to be deployed over the remainder of the year.

The interim dividend was raised by 7% to 19.5 pence per share (from 18.2p in 2024). The dividend will be paid on 11 September 2025 to shareholders on the register as of 8 August, with an ex-dividend date of 7 August. \RELX reiterated its full-year guidance, citing continued positive momentum across all business units. The company expects to deliver further underlying growth in revenue and adjusted operating profit, as well as growth in adjusted EPS on a constant currency basis.

Management noted that progress in long-term business transformation remains underpinned by investments in digital content and data infrastructure. The Group’s net debt to EBITDA ratio stood at 2.2x as of the reporting date, which is within its targeted range. No changes to balance sheet or capital allocation policies were indicated in this update.

REL shares were trading 1.13% lower at GBX 3,851.00 per share as on 24 July 2025.