Activeops Plc · LSE:AOM
Activeops — H1 FY26 Earnings Presentation
30 slides from Activeops's earnings presentation, November 2025
Slide 1: Interim Results FY26
ActiveOps Interim Results FY26 For the 6 months ended 30 September 2025 November 2025
Slide 2: Introductions & Agenda
Introductions & Agenda 01 Introduction & Overview of the Period Richard Jeffery Executive Chair 02 Financial Review richard.jeffery@activeops.com 03 Acquisition of Enlighten Emma Salthouse Chief Financial Officer 04 Strategy and Outlook emma.salthouse@activeops.com Copyright © 2025 ActiveOps PLC. Al
Slide 3: Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 4: ActiveOps is different
RPA Workflow / BPM Process Mining workflows, processes, and automation Process Decision ActiveOps is different. + People Intelligence Putting the ‘How’ in Bring together the worlds of process ‘What and How’ and people - turning strategy into time, skills, and measurable, sustained outcomes complexit
Slide 5: ActiveOps Key Strengths
ActiveOps Key Strengths Scalable, cash generative business model Differentiated offering with AI built in Blue chip customer base SaaS model provides revenue visibility, high 15+ years of Service Ops expertise – unique Flagship customers in each of our target gross margins, and strong cash generatio
Slide 6: CIBC Mellon case study: Decision Intelligence in action
CIBC Mellon’s strive for exceptional client experience led to a Since the first pilot in 2023, CIBC Mellon has expanded the use of ControliQ and 87%+ commitment to operational CaseworkiQ across Fund Accounting, user growth excellence. However, as the business Custody Services and Pension Benefits -
Slide 7: Growth engine continues to deliver
Growth engine Innovation is Value enhancing continues to deliver expanding our TAM acquisition of Enlighten integrating as planned ▪ 5 new Wins in the period (vs 3 ▪ ControliQ Series 4 adopted by in H1 FY25 and 2 in H1 FY24) 14% of customers ▪ Significantly additive to our organic growth engine ▪ CC
Slide 8: Financial review
Financial review Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 9: H1 FY26: Double digit organic revenue and ARR growth, strong cash generation
£30.0m £40.6m H1 FY26: Double digit organic revenue and ARR growth, strong £25.0m £32.5m cash generation £20.8m £26.2m £20.0m £2.1m £23.7m £22.1m £3.4m £15.0m £14.3m £13.1m £1.3m £12.3m +22% £40.6m £10.0m £1.4m £1.3m CCY increase in ARR organic SaaS £15.3m (H1 FY25: £26.2m) Revenues £13.0m £10.9m £1
Slide 10: Strong P&L performance
Strong P&L performance Organic SaaS Revenue Growth +18% (constant currency 22%) Strong regional progress, including 86% revenue growth in South Africa Revenue Gross Margin Organic Training & Implementation +147% £20.8m 84% Strong sales activity and two large scale customer expansions (H1 FY25: £14.3
Slide 11: Strength of SaaS model
Strength of SaaS model Increasing ARR growth FY26 SaaS ARR momentum by customer Annual Recurring Revenue +55% to £40.6m (H1 FY25: £26.2m) Organic ARR growth of 27% at constant 27% currency Other Net Revenue Retention 114% (H1 FY25: 108%) 116% at constant currency 11% 9% 7% CaseWorkiQ ARR Growth +76%
Slide 12: Customer Expansion Opportunity
Customer Expansion Opportunity - Further seat & team expansion, African Tier 1 Bank addition of WorkiQ 1,400 1,200 ControliQ 4 More to come across our base… 1,000 ControliQ 3 ControliQ Series expansion ▪ Average ARR increase of 23% from 800 customers moving to Series 3. £'000 ▪ ~27% of customers usi
Slide 13: Achievable TAM
Achievable TAM FSI BPO HEALTHCARE c. £900m ARR TAM across top 250 target accounts c. £130m ARR Growth potential within existing £40.6m ARR Copyright © 2025 ActiveOps PLC. All Rights Reserved. 13
Slide 14: Enlighten integration progressing to plan
Cost synergies being executed, as planned Enlighten AO and Enlighten customer operations teams now combined integration Formal review of software platform completed, and outcome as expected – strong fit with ControliQ progressing Move away from Consulting focus, as planned to plan Enlighten delivery
Slide 15: Cash & Capital Allocation: A Platform for Growth
Cash & Capital Allocation A Platform for Growth ▪ Perform & transform Organic ▪ Revenue diversification Growth ▪ Partner channel £0.2m ▪ Innovation £1.4m £7.2m £5.7m ▪ Disciplined acquisitions possible Inorganic over the medium term £0.4m Growth ▪ M&A criteria: Adjacent business areas; £19.4m earnin
Slide 16: Key takeaways
Key takeaways 1 2 3 4 We expect We have a clear Strong balance Our vision is clear double-digit ARR strategy to drive sheet and cash and achievable - growth to growth and generative model to become a continue in FY26 operational £100m ARR & 25% and beyond leverage EBITDA margin business Copyright Co
Slide 17: Path to growth
Path to growth Richard Jeffery Co-Founder & Executive Chair ActiveOps Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 18: Resilient, high-integrity growth engine
Resilient, high-integrity growth engine Strong Net Revenue Retention Continuing to strengthen our commercial capability – CRO appointed, further select sales team additions Product innovation that compounds value – ControliQ Series 5, another major step forward Copyright © 2025 ActiveOps PLC. All Ri
Slide 19: Next wave of AI powered features expand our opportunity
Series 5 Productivity Boost Now in Beta Next wave of AI powered features CaseWorkiQ Case Process Analysis expand our Now in Beta opportunity CaseWorkiQ Smart Case Planning Next to go into development Series 5 Enterprise Process Insight Convergence Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 20: Record attendance at Capacity25
Expanding customer and prospect engagement: Record attendance at Capacity25 558 126 241 191 Total Registrations Toronto Registrations London Registrations Melbourne registrations Capacity25 Capacity25 Capacity25 Capacity25 5% from last year with 530 7% from last year On par against last year 26% fro
Slide 21: Work through specialist implementation firms
Work through specialist implementation firms Rulesware partnership is promising Group Head of Partners appointed Developing our plan Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 22: Good start to H2: 3 more Wins
Good start to H2: 3 more Wins Enlighten acquisition and innovation is expanding our opportunity Organisational investment is strengthening our foundations Confident in FY26 performance in line with recently upgraded market expectations Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 23: Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Copyright © 2025 ActiveOps PLC. All Rights Reserved.
Slide 24: Thank you.
Thank you. Richard Jeffery richard.jeffery@activeops.com Emma Salthouse emma.salthouse@activeops.com
Slide 25: Appendix
Appendix Copyright © 2024 ActiveOps PLC. All Rights Reserved.
Slide 26: Robust P&L performance
Robust P&L performance Organic SaaS Revenue Growth +18% Half Year Ending (£m) Sep-25 Sep-24 (constant currency 22%) SaaS Revenue £17.3m £13.0m Organic Training & Implementation +143% T&I Revenue £3.5m £1.3m Strong sales activity and two large scale customer expansions Group Revenue £20.8m £26.8m Gro
Slide 27: Solid Balance Sheet
Solid Balance Sheet As at (£m) Sep-25 Mar-25 Non-Current Assets £26.8m £6.7m Trade and Other Receivables £4.8m £5.7m Cash and Cash Equivalents £13.3m £20.6m Total Current Assets £18.1m £26.4m Total Assets £44.8m £33.0m Trade and Other Payables £2.6m £2.1m Accruals and Deferred Income £19.9m £20.0m S
Slide 28: Proud to be a Diverse, Global Business
Proud to be a Diverse, Global Business Environmental (Planet) Social (Communities & People) Governance We recognise our activities should be The success of our business is founded in A strong corporate governance carried out in an environmentally our people and our culture – the way foundation is im
Slide 29: 8 Cities | 8 Charities | 728 tries | £34,027 raised
8 Cities | 8 Charities | 728 tries | £34,027 raised Copyright © 2025 ActiveOps PLC. All Rights Reserved. 29
Slide 30: Choose More. Choose ActiveOps
Choose More. Choose ActiveOps