**Summary of Eagle Eye Solutions Group PLC Final Results for the Year Ended 30 June 2025**
**Financial Highlights**
**Revenue** £48.2 million, a 1% increase from FY 2024 (£47.7 million).
**SaaS Revenue:** £40.2 millionup 11% from FY 2024 (£36.1 million).
**AIR SaaS Revenue:** £34.5 millionup 9% from FY 2024 (£31.6 million).
**EagleAI SaaS Revenue** £5.7 million, up 30% from FY 2024 (£4.4 million).
**Professional Services Revenue** £7.5 million, down 26% from FY 2024 (£10.2 million).
**SMS Revenue** £0.5 million, down 64% from FY 2024 (£1.4 million).
**Recurring Revenue** 84% of Group revenue, up from 79% in FY 2024.
**Annual Recurring Revenue (ARR)** £34.0 million, down 14% from FY 2024 (£39.7 million).
**Net Revenue Retention (NRR)** 109%, unchanged from FY 2024.
**Direct Profit** £34.5 million, down 1% from FY 2024 (£34.8 million).
**Adjusted EBITDA:** £12.2 millionup 8% from FY 2024 (£11.3 million).
**Adjusted EBITDA Margin:** 25.3%up from 23.6% in FY 2024.
**Adjusted EBITA:** £6.6 millionup 43% from FY 2024 (£4.6 million).
**Profit Before Tax:** £3.0 millionup 315% from FY 2024 (£0.7 million).
**Net Cash Flows from Operations** £13.5 million, up 42% from FY 2024 (£9.5 million).
**Net Cash:** £12.3 millionup 18% from FY 2024 (£10.4 million).
**Strategic Highlights**
**Major OEM Agreement** Secured with one of the largest software providers globally, embedding AIR platform into their product offerings. Anticipated full product launch and first customer contracts in Q2 FY26, with material revenue generation from FY27.
**Financial Performance** In line with revised guidance, demonstrating ongoing SaaS transformation with double-digit SaaS revenue growth, strong margin performance, and significant PBT increase.
**AI Adoption** Ongoing customer adoption of AI offerings, with EagleAI revenue up 30% to £5.7 million.
**New Wins and Renewals** Secured new wins in Australia, France, Singapore, and Mexico, alongside multi-year renewals with major customers like Loblaw, Southeastern Grocers, E.Leclerc, and Greggs.
**Acquisition of PPS** Completed acquisition of Promotional Payments Solutions (PPS), adding approximately €3 million ARR and strengthening market position.
**Share Buyback** Commenced a £1 million share buyback program post-period end.
**Future Outlook** Confident in maintaining double-digit adjusted EBITDA margin for FY26 and improving adjusted EBITDA progression, targeting a 20% EBITDA margin by the end of FY26. Expectation of returning to double-digit revenue and EBITDA growth in FY27.
**CEO Statement**
Tim Mason, CEO, highlighted FY25 as a year of strategic progress despite challenges, including the loss of the Neptune Retail Solutions (NRS) contract. The company has initiated programs to reinvigorate organic growth, seen ongoing adoption of AI offerings, and commenced integration with a major OEM partner. Mason expressed confidence in the companys expanded routes to market and structural changes to support growth, with a focus on North American opportunities and AI innovation.
**Chair Statement**
Anne De Kerckhove, Chair, emphasized FY25 as a pivotal year in Eagle Eyes transformation into a global SaaS business, achieving strategic milestones such as strengthening leadership, reorganizing sales, and advancing technology. Despite the NRS contract loss, the company has taken decisive actions to maintain growth momentum, including cost reductions and strategic acquisitions. The OEM agreement is highlighted as a potentially game-changing opportunity, with the potential to double the business size in the medium term.
**Future Growth Drivers**
**Organic Growth** Deepening relationships with existing customers, leveraging high retention rates and expansion opportunities.
**North American Market** Targeting significant growth in the largest loyalty market globally, with a focus on enterprise accounts.
**System Integrators & Partnerships** Scaling through partnerships, with a medium-term goal of 50% of new ARR from partners.
**AI Innovation** Expanding EagleAI offerings and integrating AI across the platform to drive hyper-personalization.
**OEM Agreement** Leveraging the global OEM partnership to access new sectors and customers, with material revenue expected from FY27.
**M&A Opportunities** Continuing to assess acquisitions to accelerate growth and expand offerings.
**Conclusion**
Eagle Eye Solutions Group PLC has demonstrated resilience and strategic progress in FY25, despite challenges like the NRS contract loss. The company is well-positioned for future growth through its expanded routes to market, AI leadership, and strategic partnerships, with a clear path toward achieving its medium-term revenue and EBITDA margin targets.