**Summary**
Auction Technology Group PLC (ATG) reported positive interim results for the six months ended 31 March 2026, with revenue of $126.1 million, a 41.7% increase year-on-year, and adjusted EBITDA of $42.7 million, up 10.9%. The companys performance was driven by strong growth in the Arts & Antiques (A&A) segment, which saw a 12.5% increase in pro forma revenue, while the Industrial & Commercial (I&C) segment experienced a modest decline of 1.8%. ATGs adjusted operating profit rose 8.8% to $36.9 million, and adjusted diluted earnings per share increased 4.7% to 19.9 cents. The companys net debt decreased to $152.0 million, with leverage reducing to 1.8x. ATG upgraded its full-year guidance, expecting revenue growth of 5-6% and an adjusted EBITDA margin of 34.5-35.5%. The companys focus on improving the user experience, expanding value-added services, and leveraging AI is expected to drive future growth and margin enhancement.
| Financial Metric | HY26 | HY25 | Year-on-Year Change |
|---|---|---|---|
| Revenue | $126.1m | $89.0m | 41.7% (Reported) 7.9% (Pro forma constant currency) |
| Adjusted EBITDA | $42.7m | $38.5m | 10.9% (Reported) 9.9% (Pro forma constant currency) |
| Adjusted EBITDA Margin | 33.9% | 43.3% | (9.4)ppts (Reported) 0.6ppts (Pro forma constant currency) |
| Operating Profit | $7.0m | $15.0m | (53.3)% |
| Adjusted Operating Profit | $36.9m | $33.9m | 8.8% |
| (Loss)/Profit After Tax | $(0.4)m | $7.0m | (105.7)% |
| Basic (Loss)/Earnings Per Share | (0.3)c | 5.7c | NM |
| Adjusted Diluted Earnings Per Share | 19.9c | 19.0c | 4.7% |
| Adjusted Net Debt | $152.0m | $106.5m | 42.7% |
| Adjusted Free Cash Flow | $26.5m | $14.2m | 86.6% |