Pinewood Technologies Group PLC (PINE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our H1FY25 results presentation. I'm Bill Berman, CEO, and I'm joined today by my partner and CFO, Ali Mann. This has been another half of great progress for Pinewood AI, delivering on the strategic objectives and positioning the business for accelerated growth. Ali will take you through the headline financial shortly. But before that, I'm going to take you through an overview of the strategic and financial progress delivered in the period. We have grown our revenue by over 20%, driven by strong growth among our customers and successful upselling in our existing customer base. Our new user experience has played a significant role with positive feedback to date. On top of this, our product suite has been significantly enhanced, and a number of new products, such as our new data and analytics offering, Automotive Business Intelligence, has been launched. A key milestone in the period was the acquisition of SEAS. The automotive AI company, in March of this year, In the six months since then, we have made great progress bringing Seas into the Pinewood Group and integrating the two tech stacks to significantly enhance our AI capabilities. In addition, Seas has grown to standalone business by over 500 rooftops since it became part of Pinewood AI, with new entries in North America as well as the UK. Those stores will be fully implemented by year's end. The North American market is a core pillar of our strategy and ambitions. Buying Lithia's share of the North American JV in July represented a fundamental step in establishing a platform to maximize our impact in the market. We are on track to pilot the Pinewood platform in Q4 of this year in two Lithia stores before commencing the full rollout in the first half of 2026. I'd now like to ...