RELX : Investor presentation – December 2025 01 December 2025 Presentation

The global provider of information-based analytics and decision tools

December 2025

RELX Investor Relations contacts
Paul Sullivan - Head of Investor Relations [e-mail]	James Statham - Director, Investor Relations [e-mail]
Natalia Gardner - Investor Relations Associate [e-mail]	Kate Whitaker - Investor Relations [e-mail]

DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties that could cause actual results of RELX PLC (together with its subsidiaries, "RELX", "we" or "our") to differ materially from those expressed in any forward-looking statement. We consider any statements that are not historical facts to be "forward-looking statements". The terms "outlook", "estimate", "forecast", "project", "plan", "intend", "expect", "should", "could", "will", "believe", "trends" and similar expressions may indicate a forward-looking statement. Important factors that could cause our actual results to differ materially from estimates or forecasts contained in the forward-looking statements include, among others: regulatory and other changes regarding the collection or use of personal data; changes in law and legal interpretation affecting our intellectual property rights and internet communications; current and future geopolitical, economic and market conditions; changes in the payment model for our scientific, technical and medical research products or research integrity issues; competitive factors in the industries in which we operate and demand for our products and services; our inability to realise the future anticipated benefits of acquisitions; compromises of our cybersecurity systems or other unauthorised access to our databases; changes in economic cycles, trading relations, communicable disease epidemics or pandemics, severe weather events, natural disasters and terrorism; failure of third parties to whom we have outsourced business activities; significant failure or interruption of our systems; our inability to retain high-quality employees and management; changes in tax laws and uncertainty in their application; exchange rate fluctuations; adverse market conditions or downgrades to the credit ratings of our debt; changes in the market values of defined benefit pension scheme assets and in the market related assumptions used to value scheme liabilities; breaches of generally accepted ethical business standards or applicable laws; and other risks referenced from time to time in the filings of RELX PLC with the US Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Except as may be required by law, we undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events.

RELX is a global provider of information-based analytics and decision tools for professional and business customers, enabling them to make better decisions, get better results and be more productive

RELX global scale and growth 2024

• Revenue: £9.4bn

• Adjusted operating profit: £3.2bn

• EBITDA margin 39.5%

• Adjusted operating margin: 33.9%

• Cash flow conversion: 97%

  Underlying revenue growth

  Underlying adjusted operating profit growth Adjusted EPS growth at constant currency

  Full year dividend growth

  +7%

  +10%

  +9%

  +7%

• Net debt / EBITDA: 1.8x

1At 25 Nov 2025

See Annual Report for definitions and reconciliations Dividend growth calculated in GBP

• >36,000 employees worldwide

• Customers in more than 180 countries

• Listings in London, Amsterdam and New York (ADR)

• Market capitalisation1: £56bn / €63bn / $73bn

H1 2025 Progress and financial highlights

• Strong financial results

• Continued operational and strategic progress

Underlying revenue growth		+7%
Underlying adjusted operating profit growth			+9%
Adjusted EPS growth at constant currency			+10%
Interim dividend growth		+7%

Dividend growth calculated in GBP

Progress and outlook

H1 2025 progress

"RELX delivered strong revenue and profit growth in the first half of 2025, in line with full year 2024 but with a higher quality growth profile: Risk with continued strong growth, Scientific, Technical & Medical with continued good growth and developing momentum, Legal with a further step up in growth, and Exhibitions now established at strong ongoing growth."

"The improving long-term growth trajectory continues to be driven across the group by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers."

2025 full year outlook

We continue to see positive momentum across the group, and we expect another year of strong underlying growth in revenue and adjusted operating profit, as well as strong growth in adjusted earnings per share on a constant currency basis.

RELX revenue by category

H1 2025

Format

Face-to-face 12%

Electronic

84%

Print & print-related

Geography

Rest of world 20%

Europe

20%

North America 60%

Type

Transactional* 46%

Subscription

54%

*Includes long-term contracts with volumetric elements

RELX revenue by format

2000-H1 2025:

27%

25%

22%

21%

19%

18%

15%

13%

11%

10% 9%

8% 7%

5% 7%

6%

11%

5%

12%

4%

13%

12%

37% 33% 15% 16% 16%

15% 15%

56% 52% 51% 15% 15% 16%

64% 64% 60% 58% 14% 15%

14%

17%

15%

14%

22%

14%

22%

12%

28%

12%

30%

12%

32%

13%

35%

12%

37%

48%

50%

59%

61%

63%

64%

66%

66%

70%

72%

74%

74%

75%

87%

86%

83%

83%

83%

84%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 H1 2025

Electronic Face-to-face Print Print & print-related

RELX strategic direction

Strategy

• Develop increasingly sophisticated information-based analytics and decision tools that deliver enhanced value to professional and business customers across market segments

• Primary focus on organic growth, supported by targeted acquisitions

Growth objectives

Risk

STM

Legal

Exhibitions

• Sustain strong long-term • Continue on improving • Continue on improving • Sustain strong long-term

growth profile growth trajectory growth trajectory growth profile

Outcomes

Better customer outcomes | Higher growth profile | Improving returns | Positive impact on society