Business
Trading & Strategy Update, Notice of Results
Pennant International Group PLC expects to report FY25 results in line with market expectations, with revenues of approximately £10.0 million, down from £13.8 million in 2024, but achieved a record Annual Recurring Revenue of £2.4 million from its Auxilium software. The company's three-year contracted order book has grown to £23.3 million, with £9.7 million scheduled for 2026, and gross margins remain strong at around 50%. Despite a statutory loss before tax of £2.6 million, net debt has significantly reduced to £0.2 million. Pennant is confident in achieving profitable growth over the next three years, targeting over £4 million in software ARR by 2028 and aiming for break-even adjusted PBT in FY26. Disclaimer*
About this update from Pennant International Group Plc
[{"type":"text","content":"\n\nPENNANT INTERNATIONAL GROUP PLC\n(\"Pennant\", the \"Company\" and together with its subsidiaries the \"Group\")\n \nTrading and Strategic Update\nNotice of Results & Investor Presentation\n \nEntering 2026 with an improved order book and confidence in the Strategic Plan\n \nPennant International Group plc (AIM: PEN), the systems support software and training solutions company, provides the following trading update for the year ended 31 December 2025 (\"FY25\" or the \"Period\"). The Group expects to report trading results for FY25 in line with market expectations, subject to audit.\n \nHighlights\n \n\n· Revenues of approximately £10.0 million (2024: £13.8 million)\n· Annual Recurring Revenue(1) (\"ARR\") of £2.4 million from Auxilium software products, a record for the Group\n· Three-year contracted order book of £23.3 million (2024: £15.9 million) with £9.7 million scheduled for delivery in 2026\n· Gross margins maintained at circa 50% (2024: 50%)\n· Statutory loss before tax of £2.6 million (2024: £3.0 million)\n· Net debt of £0.2 million (2024: £2.3 million) following the completion of the property disposal programme and the external funding provided by the equity subscription and shareholder loan in September and October respectively\n· Contract wins within the Training Systems segment totaling up to £9.5 million across the next three years\n\n \nThree-Year Strategy\n \nPennant provides systems support software, technical services & training solutions to highly regulated industries and major OEMs. Our solutions are designed to optimize and extend the lifecycle and mission readiness of critical assets via:\n\n \n\n\n· Maximizing asset availability and end user capability\n· Enablement of data driven decisions\n· Ensuring data integrity and compliance\n\nThe Group's principal strategic objectives over the next three years are to:\n \n\n· Grow software ARR, via organic strategies, ...