Auction Technology Group plc (ATG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

First off, good morning and welcome to the 2025 full year results presentation for ATG. I'll start off by taking you through our results highlights and then hand over to Sarah to detail our financial performance. Then I'll be taking you through our strategic update. First slide that we're going to move to is how ATG creates value. So before I get to the highlights, I'm just going to explain for those of you less familiar with the company, how ATG creates value. ATG creates ATG Next 16,000 professional sellers of unique and valuable items with buyers from around the world. We operate across two sectors, art and antiques and industrial commercial, facilitating the sale of goods worth over $12 billion annually. In these sectors, we operate 10 curated online marketplaces using our proprietary tools and technology. Collectively, we list over 26 million items annually. In fiscal year 25, we hosted over 99,000 auctions and generated 85 million bids. Our newly acquired Cherish business now adds an additional 1.3 million items available on a buy it now basis. The scale of our curated inventory combined with the scale of our buyer reach creates a symbiotic cycle, often referred to as the network effect. whereby the inventory attracts more buyers, which in turn attracts more sellers, driving a positive flywheel effect that keeps customer acquisition and retention costs very low. We offer a full suite of value-added services around the core transaction, which enhance the marketplace experience for sellers and buyers. This includes digital marketing, ATG Excel for cross-listing of inventory across multiple marketplaces simultaneously, ATG Partner Network, which gives reach beyond the ATG buyer network, ATG ship for shipping and ATG pay for payments. The combination creates value ...