**Summary**
Accesso Technology Group PLC, a leading provider of technology solutions for attractions and venues, reported its final results for the year ended December 31, 2025. Despite global economic challenges, the company demonstrated resilience, achieving a 1.8% revenue growth to $155.1 million. Key highlights include a significant increase in new customer wins, expanded adoption of SaaS solutions, and strong pipeline momentum. Accesso maintained profitability, improved operational efficiency, and continued strategic investments for future growth.
The company also announced a leadership transition, with CEO Steve Brown stepping down and Lee Cowie, current COO, set to assume the CEO role from May 1, 2026. Accesso prioritized shareholder returns through share buybacks and a tender offer, reflecting confidence in its business robustness. The acquisition of Dexibit enhanced AI capabilities, positioning the company for industry leadership.
Financial highlights include a 37.7% increase in statutory profit before tax to $14.3 million, net cash growth to $30.5 million, and a 15.3% rise in adjusted basic EPS to 44.26 cents. Accessos diversified revenue model, disciplined cost management, and AI integration across operations contributed to its performance. The company remains optimistic about its long-term growth prospects, with a solid start to 2026 and a focus on leveraging AI for enhanced value creation.
| Financial Metric | 2025 | 2024 | Year-on-Year Change |
|---|
| Revenue | $155,105,000 | $152,291,000 | 1.8% |
| Cash EBITDA | $23,019,000 | $22,831,000 | 0.8% |
| Statutory Profit Before Tax | $14,321,000 | $10,398,000 | 37.7% |
| Net Cash | $30,498,000 | $28,716,000 | 6.2% |
| Adjusted Basic EPS (cents) | 44.26 | 38.39 | 15.3% |
| Basic Earnings Per Share (cents) | 27.96 | 19.21 | 45.5% |
**Year-on-Year Financial Comparison:** - **Revenue:** Increased by 1.8% from $152,291,000 in 2024 to $155,105,000 in 2025, reflecting resilience despite macroeconomic challenges.
- **Cash EBITDA:** Rose slightly by 0.8% from $22,831,000 to $23,019,000, with margins remaining stable at 14.8% in 2025 compared to 15.0% in 2024.
- **Statutory Profit Before Tax:** Significantly increased by 37.7% from $10,398,000 to $14,321,000, driven by reduced amortization, share-based payment charges, and net interest expense.
- **Net Cash:** Grew by 6.2% from $28,716,000 to $30,498,000, supported by operating cash generation and share repurchases.
- **Adjusted Basic EPS:** Improved by 15.3% from 38.39 cents to 44.26 cents, reflecting better operational efficiency and profitability.
- **Basic Earnings Per Share:** Increased by 45.5% from 19.21 cents to 27.96 cents, due to higher statutory profits and share repurchases. **Debt Comparison:** - **Net Cash Position:** The Group maintained a strong net cash position, with net cash increasing from $28,716,000 in 2024 to $30,498,000 in 2025. This improvement was driven by operating cash inflows, despite significant cash outflows for share repurchases and investments in intellectual property.
- **Borrowings:** Borrowings increased slightly from $14,053,000 in 2024 to $10,876,000 in 2025, primarily due to the drawdown on the revolving credit facility. However, the Group still had $28.7 million of the $40.0 million facility remaining as of 31 December 2025. **Key Highlights:** - **Commercial Execution:** Delivered 43 new venue wins in 2025, up from 30 in 2024, with improved win quality and increased adoption of SaaS solutions.
- **AI Integration:** Significant progress in deploying AI capabilities internally and in product development, enhancing operational efficiency and customer value.
- **Strategic Acquisitions:** Acquisition of Dexibit in March 2026 adds AI and analytics capabilities, positioning the Group for future growth.
- **Shareholder Returns:** Repurchased $15.9 million of shares in 2025 and completed a $20.0 million tender offer post-year end, reflecting confidence in the business. This table and summary provide a clear comparison of accesso Technology Group PLC's financial performance and debt position between 2024 and 2025, highlighting key areas of growth and strategic focus.
