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Auction Technology Group (ATG) investor relations material
Auction Technology Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary26 Nov, 2025
Executive summary
Facilitated over $12 billion in annual sales, connecting 16,000 sellers with global buyers across art, antiques, industrial, and commercial sectors.
Revenue grew 9.2% to $190.2 million, with organic growth of 4.4% and strong value-added services performance, especially from atgShip.
Hosted 99,000+ auctions, generated 85 million bids, and expanded inventory with the Chairish acquisition, adding 1.3 million buy-it-now items and 12,000 sellers.
Leveraged network effects and value-added services to enhance buyer/seller experience and drive revenue per transaction.
Maintained leading market positions, scalable technology, and strong ESG credentials, benefiting from the shift to online and circular economy trends.
Financial highlights
Revenue grew 9.2% year-over-year to $190.2 million; organic revenue up 4.4%; value-added services revenue up 16% (excluding Chairish).
Take rate increased to 4.8%; conversion rate stable at 27%.
Adjusted EBITDA down 4% to $76.8 million; margin declined 5.5 percentage points to 40.4%.
Adjusted diluted EPS down 1.8% to $0.379; net free cash flow up 15% to $45.5 million.
Non-cash goodwill impairment of $150.9 million related to prior acquisitions, reflecting macroeconomic factors and discount rate changes.
Outlook and guidance
Guiding for 4%-5% organic revenue growth at constant currency and 28%-29% reported growth (full-year Chairish consolidation) in FY2026.
Adjusted EBITDA margin expected at 34.5%-35.5%; interest cost ~$12 million, CapEx and depreciation each ~$13 million, effective tax rate 19%-20%.
Focus on deleveraging to well below 2x by end of FY2026; no further M&A required for strategy.
I&C conversion rate focus post-Proxibid upgrade?
VAS growth impact on group margin profile?
Goodwill impairment: main contributing factor?
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Frequently asked questions
Auction Technology Group plc offers an integrated suite of software and internet-based services for the global auction industry. The company provides a marketplace which allows clients to buy and sell goods in a variety of asset classes, including property, antiques, art, collectibles, cars, construction equipment, agriculture & forestry machinery; and listing services that allow the sale or rental of items or properties through auctions or private sales. It operates a proprietary platform for auctions; registers, sets up, and manages auctions; and provides account management services to buyers and sellers.
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