Business
Half year results for the 6 months to 30 June 2025
Pinewood Technologies Group PLC reported its half-year results, revealing a revenue increase of 21.7% to £19.6 million compared to £16.1 million in the first half of the previous year. Gross profit rose by 17.2% to £17.0 million, with a gross profit margin of 86.7%. Underlying EBITDA increased by 14.5% to £7.9 million, achieving a margin of 40.3%. Underlying profit before tax was £4.4 million, a 10.0% increase. Cash reserves significantly increased to £30.3 million from £13.0 million. The company has set a new FY28 underlying EBITDA target of £58-62 million. There is an expected short-term accounting impact of approximately £1.3m for FY25. The Group now expects FY25 underlying EBITDA to be £15.5-16.0m. Disclaimer*
About this update from Pinewood Technologies Group Plc
[{"type":"text","content":"\n\n \n\n\n \nPinewood Technologies Group PLC \n \nHalf year results for the 6 months to 30 June 2025\n \nA transformational period, reflecting strong strategic & financial progress\n \n· Acquisition of Seez enhances AI capabilities and product suite\n· Full ownership of Pinewood North America LLC supports Pinewood.AI's growth ambitions in key market\n· New FY28 underlying EBITDA target of £58-62m\nPinewood Technologies Group PLC (\"Pinewood.AI\" or the \"Group\", LSE: PINE), a leading pure-play cloud-based software business providing innovative retail solutions to the automotive industry, today announces its financial results for the 6 months ended 30 June 2025.\n \n \nGroup Financial Summary\n \n\n\n\n\n£m, unless stated\n\n\n6m period ended 30 June 2025 (H1 FY25)\n\n\n6m period ended 31 July 2024 (H1 FY24)\n\n\n% Change\n\n\n\n\nRevenue\n\n\n19.6\n\n\n16.1\n\n\n21.7%\n\n\n\n\nGross Profit\n\n\n17.0\n\n\n14.5\n\n\n17.2%\n\n\n\n\nUnderlying EBITDA\n\n\n7.9\n\n\n6.9\n\n\n14.5%\n\n\n\n\nUnderlying Profit Before Tax\n\n\n4.4\n\n\n4.0\n\n\n10.0%\n\n\n\n\nUnderlying Operating Profit\n\n\n4.1\n\n\n4.0\n\n\n2.5%\n\n\n\n\nCash\n\n\n30.3\n\n\n13.0\n\n\n133.1%\n\n\n\n\n \n \n \nFinancial Highlights\n \n· Revenue up 21.7% to £19.6m (H1 FY24: £16.1m), driven by increased client spend and the successful integration of the Seez AI solution.\n· Recurring revenue increased to £16.8m in H1 HY25 (representing 85.7% of total revenue).\n· Gross profit up 17.2% to £17.0m (H1 FY24: £14.5m), with a gross profit margin of 86.7%.\n· Underlying EBITDA up 14.5% to £7.9m (H1 FY24: £6.9m), with an underlying EBITDA margin of 40.3%.\n· Modest dilution of gross profit margins and EBITDA margins following the acquisition of Seez, in line with expectations.\n· H1 FY25 underlying profit before tax of £4.4m up 10.0% (H1 FY24: £4.0m). \n· Cash of £30.3m up from £13.0m at 31 July 2024, reflecting the oversubscribed equity placing, strong cash conversion and final settlement of tax balances arising from the sale of the motor group.\nOperational High...