17th Jul 2026 13:01
(Alliance News) - Eagle Eye Solutions Group PLC on Friday said it entered the new financial year with "strong momentum", amid a "differentiated" offering.
Eagle Eye shares were up 8.2% to 503.00 pence each on Friday afternoon in London. The company has a market capitalisation of GBP152.0 million. The stock has more than doubled from 232.00p a year ago.
The London-based loyalty software provider said trading for the financial year that ended June 30 was ahead of recently upgraded market expectations, with annual recurring revenue up 31% at GBP44.5 million from GBP34.0 million a year prior.
Total revenue slipped 3.1% to GBP46.7 million from GBP48.2 million. However, the company said this was better than market consensus of GBP45.4 million.
Underlying revenue, excluding the lost Neptune Retail Solutions contract, increased 21% to GBP46.1 million from GBP38.1 million.
Adjusted earnings before interest, tax, depreciation and amortisation fell to GBP9.8 million from GBP12.2 million the year before but ahead of market expectations of GBP7.0 million.
Net cash as at June 30 grew 31% to GBP16.1 million from GBP12.3 million, supported by strong second-half cash generation.
Looking ahead, the company said it entered the new financial year with "strong momentum".
Eagle Eye said major customer wins, expansion of business with existing clients, and the first contracts from its global original equipment manufacturer partnership leave it well-placed to return to double-digit revenue and Ebitda growth in financial 2027.
Chief Executive Tim Mason said: "With a differentiated and proven AI-powered offering, growing recurring revenue and strengthened partner ecosystem, we believe Eagle Eye is well positioned to deliver the next phase of profitable growth."
The company expects to release its full annual results on September 15.
By Tom Budszus, Alliance News slot editor
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