Business
Full Year Results
essensys plc reported a revenue decrease of 21% to £19.2 million for the twelve months ended 31 July 2025, primarily due to the downsizing of a large customer, though gross margins improved to 59% and the company returned to a positive Adjusted EBITDA of £1.3 million. Despite operational progress including the launch of elumo and cost savings of £1.5 million annually from data centre decommissioning, the company anticipates FY26 performance to be materially below expectations due to macroeconomic volatility impacting sales cycles and elumo adoption rates. Additionally, a preliminary, non-binding proposal for a possible all-cash offer at 20 pence per share has been received. Disclaimer*
About this update from Essensys Plc
[{"type":"text","content":"\n\n6 January 2026\nessensys plc\n(\"essensys\", the \"Company\" or the \"Group\")\n \nFull year results\n \nessensys plc (AIM:ESYS), the leading global provider of software and technology to the flexible workspace industry, announces its audited results for the twelve months ended 31 July 2025 (\"FY25\"). All information relates to this period, unless otherwise specified. \n \nFinancial summary:\n \n\n\n\n\n£m unless otherwise stated\n\n\nFY25\n\n\nFY24\n\n\nChange\n\n\n\n\n \n\n\n \n\n\n\n\n\n \n\n\n\n\nRevenue\n\n\n19.2\n\n\n24.1\n\n\n-21%\n\n\n\n\nRecurring revenue1\n\n\n16.9\n\n\n20.2\n\n\n-17%\n\n\n\n\nRun Rate Annual Recurring Revenue (ARR)1\n\n\n15.0\n\n\n20.3\n\n\n-26%\n\n\n\n\n \n\n\n \n\n\n\n\n\n \n\n\n\n\nRevenue at constant currency2\n\n\n19.6\n\n\n24.1\n\n\n-19%\n\n\n\n\nRecurring revenue at constant currency\n\n\n17.5\n\n\n20.2\n\n\n-13%\n\n\n\n\nRun rate ARR at constant currency\n\n\n15.6\n\n\n20.3\n\n\n-23%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nAdjusted EBITDA3\n\n\n 1.3\n\n\n(0.9)\n\n\n244%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nStatutory loss before tax\n\n\n(5.7)\n\n\n(5.5)\n\n\n-4%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nLoss per share (pence)\n\n\n(8.6)p\n\n\n(5.1)p\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet Cash\n\n\n1.8\n\n\n3.1\n\n\n \n\n\n\n\n \n\n\n\n\n1 See CFO review below for description and breakdown\n\n\n\n\n2 Current period revenue and/or costs translated into GBP using the average exchange rate for the comparative prior period\n\n\n\n\n3 Adjusted EBITDA is earnings before tax, depreciation, amortisation, exceptional items and other non-trading items, such as share option charges\n\n\n\n\n \nOperational highlights - significant progress and strategic execution\n \n\n\n\n\n· \n\n\nLaunch of new product, elumo, with initial sales across all core markets\n\n\n\n\n· \n\n\nCompletion of data centre decommissioning project realising £1.5m in annualised cost savings\n\n\n\n\n· \n\n\nBoard appointments bring significant strength and experience to essensys\n\n\n\n\n· \n\n\nStrategy centred on three pillars: Land, Expand, Grow\n\n\n\n\n \n\n\no ...