14th Aug 2025 13:56
(Alliance News) - PensionBee Group PLC on Thursday reported a wider half-year loss but higher revenue and assets under administration, as it continued to push its US expansion and invest in marketing in the UK.
The London-based pension investment firm said pretax loss widened to GBP5.1 million in the six months that ended June 30 from GBP2.8 million a year before. Revenue rose 23% to GBP18.9 million from GBP15.4 million, but its cost base grew by 25% to GBP21.8 million from GBP17.4 million.
AuA totalled GBP6.30 billion on June 30, up from GBP5.84 billion on December 31 and from GBP5.20 billion a year before. The first half benefited from GBP423 million in net flows, down from GBP482 million in the first half of 2024. Market performance added GBP31 million, compared to GBP364 million a year ago.
PensionBee said it had 286,000 invested customers at the end of June, up from 252,000 a year before.
In the UK, PensionBee increased marketing spending by 30% to GBP7.6 million in the recent half from GBP5.8 million a year before.
In the US, the company said, the first half of the year "marked a foundational phase of investment, laying critical infrastructure".
This included the introduction of transfer automations, a new self-employed offering, and an interactive retirement planning tool.
Marketing spending in the US also was increased, though the GBP700,000 in the first half was fully reimbursed by partner State Street Investment Management. PensionBee said it expects its total marketing investment in the US to be USD5 million in 2025.
PensionBee declared no dividend in line with its strategy to invest for growth.
Shares were up 0.8% to 168.41 pence on Thursday afternoon in London.
By Tom Waite, Alliance News editor
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