Business
Half-year Report
Pebble Beach Systems Group plc's unaudited half-year results for the six months ended 30 June 2025 show strong order intake, up 33% to £6.5m (H1 24: £4.9m). Overall Group revenue increased by 12% year-on-year to £5.9m (H1 24: £5.3m), with SLA revenue up 7% to £3.3m (H1 24: £3.1m) and project revenue up 20% to £2.6m (H1 24: £2.2m). North American revenue saw significant growth of 125% to £1.7m in Q1 25 (Q1 24: £0.7m). Adjusted EBITDA improved to £2.0m (H1 24: £1.4m), resulting in a 33% margin (H1 24: 27%). Cash generated from operating activities (before interest and exceptional items) was £1.8m (H1 24: £1.4m). Q1 strategic actions yielded annualised cash savings of approximately £2.0m, contributing to a Cash EBITDA of £1.3m in the period (H1 24: £0.2m). Profit before tax reached £0.5m (H1 24: £0.3m), and adjusted earnings per share increased to 0.8p (H1 24: 0.3p). Gross bank debt decreased by £0.5m to £4.1m at 30 June 2025 (H1 24: £5.1m), with net debt at £3.4m (H1 24: £4.8m). The weighted pipeline value is strong at £10.6m, up 8% year-on-year. The board expects strong cash generation, aiming for a net cash position in 2026. Key financial data is summarized in the following tabl...
About this update from Pebble Beach Systems Group Plc
[{"type":"text","content":"\n\nPebble Beach Systems Group plc\nResults for the half-year ended 30 June 2025\n \nPebble Beach Systems Group plc (AIM: \"PEB\", \"Pebble\" or the \"Group\"), a leading global software business specialising in playout automation and integrated channel solutions for the broadcast and streaming markets, is pleased to announce its unaudited half-year results for the six months ended 30 June 2025 (\"H1 25\" the \"Period\").\n \nFinancial highlights\n· Strong order intake in the Period. Up 33% to £6.5m (H1 24: £4.9m), underpinned by strong SLA renewals and favourable timing on project order intake\n· Overall Group revenue in the Period was £5.9m (H1 24: £5.3m), 12% up year on year\n· Service Level Agreement (\"SLA\") revenue up 7% to £3.3m (H1 24: £3.1m), with the Group seeing the benefits from the price rise exercise carried out in FY24 ensuring charges are at the appropriate level for the standard of support contracted\n· Project revenue up 20% to £2.6m (H1 24: £2.2m), as a result of favourable timing of project order intake in the Period. This order intake provides the Group with good visibility over full year project revenues\n· Revenue in North American has grown by 125% to £1.7m for Q1 25 (Q1 24: £0.7m) as a result of business won supporting global streaming services as they bring live content to their platforms\n· Increased adjusted EBITDA1 of £2.0m (H1 24: £1.4m) and improved adjusted EBITDA1 margin of 33% (H1 24: 27%), as a result of the strong revenue performance and the strategic action taken in Q1 25 to reduce overheads\n· Q1 25 strategic actions also scaled back the development of IP only technologies, due to the ongoing delay in full-scale adoption, which is delivering significant cash savings from reduced capitalised development expenditure\n· Cash generated from operating activities (before interest and exceptional items) of £1.8m (H1 24: £1.4m), up 28%\n· The Q1 strategic actions have helped the Group deliver a Cash EBITDA2 of £1.3m in the Period (H1 24: £0.2m)\n· Profit before tax of £0.5m (H1 24: £0.3m)\n· Adjusted earnings per share up to 0.8p (H1 24: 0.3p)\n· Gross bank debt r...