Zinc Media Group plc, the award-winning content, IP, brand and event production group, has agreed to acquire William Martin Qatar LLC, trading as WMP Qatar, a leading event production business, for an initial net consideration of £0.4m satisfied through the issue of new ordinary shares.
Founded in 2010, WMP Qatar is an award-winning creative agency specialising in events, film and design production across the Middle East, serving a loyal blue-chip client base across science and technology, education, healthcare and government.
In the year ended 31 December 2025, the business generated revenue of £3.3m, profit before tax of £0.3m and net assets of £0.5m, with net profits averaging £0.4m per annum over the past five years. It is forecast to deliver £3.4m in revenue and £0.3m profit before tax in 2026.
Zinc said that the acquisition is highly complementary to Zinc Media’s existing Qatar operations, which trade as The Edge, Qatar. Zinc recently made the final payment for The Edge, another acquisition.
Maximum consideration is up to £1.12m on a cash-free, debt-free basis, payable to William Martin Ltd. This comprises initial consideration of £0.4m in new ordinary shares, plus contingent consideration of up to £0.75m linked to EBIT targets in FY26 and FY27.
Zinc Media recently posted a 28% increase in revenue and 27% increase in EBITDA for the year ended 31st December.