Business
Trading Update
PCI-PAL PLC reported a strong trading update for the six months ending December 31, 2025, with Annual Recurring Revenue (ARR) reaching £20.3 million, a 21% year-on-year increase, and Contracted Annual Recurring Revenue (CARR) at £24.0 million, up 18%. Revenue for the period was £11.3 million, a 7% increase year-on-year. Customer retention remained robust with a Gross Revenue Retention (GRR) of 95% and Net Revenue Retention (NRR) increasing to 105%. The company maintained 100% cloud platform uptime and ended the period with £2.6 million in cash, with no bank debt. Disclaimer*
About this update from Pci-pal Plc
[{"type":"text","content":"\n\n \n3 February 2026\n \nPCI-PAL PLC\n(\"PCI Pal\", the \"Company\" or \"the Group\")\n \nTrading Update\n \nStrong momentum and record increase in ARR\n \nPCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, is pleased to announce a trading update for the six months to 31 December 2025 (the \"Period\" or \"H1\").\n \nThe Group has delivered a further record H1 for new business won, which together with increasingly efficient customer deployments, has contributed to a record real-term increase in ARR for a six month period. At the end of H1, ARR stood at £20.3m, a 21% increase year on year (25% on a constant currency basis), and CARR, the Company's leading indicator of future ARR, reached £24.0m, an increase of 18% year on year (21% on a constant currency basis).\n \nRevenue for the Period was £11.3m, a 7% year on year increase, and an increase of 14% on a normalised basis1.\n \nCustomer retention remains strong with GRR at 95% (2024: 95%), and NRR increased to 105% (2024: 103%). PCI Pal's cloud platform uptime was 100% across the half year, supporting continued customer confidence and retention, whilst illustrating the strength of the Company's global cloud platform.\n \nCash at Period end was £2.6m, reflecting the additional cash investment outlined to investors in September 2025. The Group has no bank debt.\n \nCommenting on progress in the Period, James Barham, Chief Executive Officer of PCI Pal, said:\n \n\"It has been a strong period of trading for the business. We are seeing the highest levels of demand for our core secure payments products, delivering the highest level of new business secured in any first half period of trading, and a highly encouraging sales pipeline as we enter H2.\n \n\"With continued investment in the Company's integrated partner eco-system, it is particularly pleasing to see the momentum we are building with key strategic partners as we further deepen those relationships. During the Period we have grown both our SMB and enterprise customer base as planned, including further penetration of the US healthcare sector, a key target growth vertical for the Company.\n \n\"With this progress in H1, we enter the second half with strong momentum and confidence in the Group's ability t...