Business
Interim Results
Auction Technology Group PLC reported positive interim results for the six months ended March 31, 2026, with revenue increasing by 41.7% to $126.1 million, driven by the inclusion of Chairish and 7.9% pro forma constant currency growth primarily from the Arts & Antiques segment. Adjusted EBITDA rose 10.9% to $42.7 million, and adjusted diluted earnings per share grew 4.7% to 19.9 cents. The company has upgraded its full-year guidance, now expecting revenue growth of 5-6% and an adjusted EBITDA margin of 34.5-35.5%, with leverage projected to be well below 2x by year-end. Disclaimer*
About this update from Auction Technology Group Plc
[{"type":"text","content":"\n\nAUCTION TECHNOLOGY GROUP PLC\n \nINTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2026\n \nPositive HY26, modestly ahead of expectations, FY guidance upgraded\n \nLondon, United Kingdom, 14 May 2026 - Auction Technology Group plc (\"ATG\", \"the Company\", \"the Group\") (LON: ATG), operator of world-leading auction and list price marketplaces that connect millions of buyers with unique items worth finding again, today announces its unaudited financial results for the six months ended 31 March 2026.\n \nFinancial results\n\n\n\n\n\n\n\n\n\n\nHY26\n\n\nHY25\n\n\nReported\nmovement\n\n\nPro forma constant currency\n movement\n\n\n \n\n\n\n\n\n\n\nRevenue1&2\n\n\n$126.1m\n\n\n$89.0m\n\n\n41.7%\n\n\n7.9%\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA1\n\n\n$42.7m\n\n\n$38.5m\n\n\n10.9%\n\n\n9.9%\n\n\n\n\n\n\n\n\n\n\nAdjusted EBITDA margin %1\n\n\n33.9%\n\n\n43.3%\n\n\n(9.4)ppts\n\n\n0.6ppts\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n$7.0m\n\n\n$15.0m\n\n\n(53.3)%\n\n\n(53.2)%\n\n\n\n\n\n\n\n\n\n\nAdjusted operating profit 1\n\n\n$36.9m\n\n\n$33.9m\n\n\n8.8%\n\n\n8.9%\n\n\n\n\n\n\n\n\n\n\n(Loss)/profit after tax\n\n\n$(0.4)m\n\n\n$7.0m\n\n\n(105.7)%\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic (loss)/earnings per share\n\n\n(0.3)c\n\n\n5.7c\n\n\nNM\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted diluted earnings per share1\n\n\n19.9c\n\n\n19.0c\n\n\n4.7%\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted net debt1\n\n\n$152.0m\n\n\n$106.5m\n\n\n42.7%\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted free cash flow1\n\n\n$26.5m\n\n\n$14.2m\n\n\n86.6%\n\n\n\n\n\n\n\n\n\n\n \nFinancial highlights\n \n\n\n\n\n=\n\n\nPro forma revenues up 7.9% driven by 12.5% growth in Arts & Antiques (\"A&A\") marginally offset by a modest decline of (1.8)% in Industrial & Commercial (\"I&C\"). Reported revenues up 41.7% due to the inclusion of Chairish.\n\n\n\n\n=\n\n\nPro forma adjusted EBITDA up 9.9% to $42.7m, with adjusted EBITDA margin of 33.9%, up 0.6ppts on a pro forma basis. Adjusted operating profit of $36.9m, up 8.9%.\n\n\n\n\n=\n\n\nReported operating profit declined (53.3)% to $7.0m driven by increased exceptional costs and a higher share-based payment expense. Loss after tax of $(0.4)m reflecting lower reported operating profit and higher finance costs.\n\n\n\n\n=\n\n\nAdjusted diluted earnings per share of 19.9c, up 4.7% driven by higher...
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