Pinewood Technologies Group PLC (PINE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our FY25 results presentation. I'm Bill Berman, CEO, and I'm joined today by our CFO, Holly Mann. 2025 was our second year as a standalone AI-embedded automotive technology company, and I'm really proud of the progress we've made in that time. The past 12 months have been particularly significant for us due to a number of key transactions and important operational milestones. Holly will take you through the headline financial shortly, but before that, I'm going to take you through an overview of our strategic and operational progress delivered in the period. We have grown our revenue by 30% through my strong growth among new customers, successful upselling to our existing customers, and the revenue added from our SEEDS acquisition in March 2025. In July 2025, there were two events that were key to Pinewood's future. Firstly, we bought Lithia out of the share of the North American joint venture. This removed the competitive overhang that existed and risked impeding our growth prospects in the key market. Secondly, we signed a long-term $60 million contract with Lithia to implement our system in all their U.S. dealerships across the U.S. and Canada. Meanwhile, we've been carrying out testing on the system in North America, which is progressing well. The largest piece of work that we have been focusing on is the North America OEM integrations and is progressing as planned. Almost all of our OEM partners have now been engaged with and integration work is on target. Another key milestone in the period was the acquisition of Seeds, the automotive AI company, in March of this year. Since then, we have made great progress bringing Seeds into the Pinewood Group and integrating the two tech stacks has significantly enhanced our AI capabil...