Introduction
Azets (“Azets” or “the Group”) is an international accounting, tax, audit, advisory and business services group, with 9,000 local experts in 190 locations across eight countries, backed by progressive technology.
We are united by one clear purpose: to improve the lives of our clients, colleagues and communities, in a sustainable way. 100,000+ clients on unique journeys trust us to meet their immediate and evolving needs, remove barriers, and deliver sustained outcomes so they can move forward with confidence.
This update provides a summary of the Group’s major developments during the six months ended 31 December 2025.
Performance overview
During the first half of the financial year, Azets delivered a resilient performance supported by disciplined operational management and continued focus on delivering high-quality services to clients across its markets.
The Group continued to demonstrate strength in its core operations, particularly across audit, accounting and tax services. Performance across regions reflected varying market conditions, with good progress in several parts of the business and targeted operational actions underway in others.
The UK, Ireland and Blick Rothenberg businesses performed strongly during the period, reflecting the strength of the Group’s commercial model and service offering. Across the Nordic region performance was more mixed, with stable trading in several markets and continued focus on improving performance in Norway.
Azets entered the second half of the year with clear priorities: supporting stronger commercial momentum, maintaining operational discipline and continuing to invest in the capabilities required for sustained, long-term growth.
Strategic and operational developments
Enterprise systems transformation
During the period the Group signed a contract with Workday to implement a new cloud-based enterprise platform spanning people, payroll and finance processes, with further phases planned over time.
This investment forms part of Azets’ broader modernisation agenda and is intended to strengthen operational resilience, improve data quality and management insight, and support a more consistent operating model across the organisation.
Implementation will take place in phases, beginning in selected markets and Group functions before expanding more widely across the business.
Strengthening transformation governance
Azets also strengthened its governance framework for major transformation initiatives during the period through the introduction of an enhanced Group-level oversight structure for strategic programmes and material investments.
This development is intended to support clearer prioritisation of transformation initiatives, improve coordination across the Group and ensure that major programmes receive appropriate oversight and resources.
Technology and artificial intelligence
Artificial intelligence continues to be an important area of development for the Group.
During the period Azets expanded its use of AI across a range of operational and client service activities. These initiatives are designed to improve productivity, automate routine tasks, support better decision-making and enhance the client experience.
Alongside the deployment of practical AI applications across the business, the Group has continued to develop the governance, training and technology standards required to support responsible and scalable adoption of AI.
This structured approach aims to ensure that the benefits of AI are realised safely and consistently across the organisation.
Mergers and acquisitions
M&A remains an important part of Azets’ growth strategy.
During the first half of the year the Group completed several acquisitions that strengthen its regional presence and expand service capabilities
In Sweden, Azets established an audit platform through the acquisition of KPMG’s SME audit business. This represents an important strategic development for the Group in the Nordic region and provides a strong foundation for further growth in audit, tax and advisory services.
The Swedish business also completed a subsequent bolt-on acquisition during the period, further expanding its regional presence and capability.
In the UK, Azets completed the acquisition of Ensors, a well-established regional firm in East Anglia providing audit, tax, corporate finance and advisory services. The transaction strengthens the Group’s presence in the region and supports further growth opportunities.
Additional acquisitions during the period included The VAT Consultancy by Blick Rothenberg, strengthening indirect tax capabilities, and Evans Falco by Azets Wealth Management, expanding the Group’s financial planning offering.
The Group continues to maintain an active pipeline of potential acquisition opportunities across its markets.
Leadership developments
During the period Azets made a number of senior leadership appointments to support the next phase of the Group’s growth and transformation.
These included appointments strengthening the Group’s technology, transformation and commercial finance leadership capability.
Outlook
Azets remains focused on delivering sustainable long-term growth across its markets.
The Group enters the second half of the financial year with a resilient core business, a clear strategic direction and continued focus on disciplined execution. Priorities for the remainder of the year include strengthening commercial momentum, maintaining operational discipline, improving performance in targeted areas of the portfolio and continuing to invest in technology, artificial intelligence and strategic growth opportunities.
The Board believes the Group is well positioned to continue building a stronger and more scalable platform for future growth.