Ten Lifestyle Group Plc (TENG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

So let's take you through the results for the year to the end of August, 2025. I'm going to run through the highlights of the year and a business overview. Alan's going to talk about how we make money and the specific financial results. And then we'll look at some of the things that we've achieved operationally before we look at how we're developing the business today and into 2026. So overall. Now, this is a page you might want to pause on and absorb in detail. But the best way to understand this is to look at the next slide. And effectively, the story is that we've grown the business in terms of net revenue, in terms of active members, in terms of material contracts from the corporates that pay most of our money. And because we've grown the business and we put technology into the business well, we've also improved profitability. So record revenues, record number of members using our service, but also record profitability at both an EBITDA basis and also on the basis of PBT. And that has predictably resulted in improved cash position. Now, our mission remains to become the world's most trusted service platform for our members so that they organise the best things possible in their life really effectively and learn to trust us through that and through our corporate partners who get improved customer metrics because of the impact we have on their top value customers. Our corporate clients remain some of the most blue chip, most reliable clients you could possibly have around the globe. and they are seeing better results from our service all the time. On the right-hand side of this slide, you can see that banks around the world, when the people that use our service are asked, what impact does it have on your choice of bank, over half say that using our service has a st...