PensionBee Group (PBEE) investor relations material

Executive summary

• Achieved 37% year-on-year growth in assets under administration (AUA) to £8.6bn, with 327,000 invested customers and annual run rate revenue up 40% to £56m.

• UK operations delivered profitability with a 15% LTM adjusted EBITDA margin and 180% quarterly adjusted EBITDA growth to £0.8m.

• US business advanced dual-channel strategy, growing both B2B and direct-to-consumer segments, with AUA at $4.8m and over 400 customers.

• AI tools, including BeeBot, improved productivity by 17% and resolved over 50% of live chat volume.

• Group LTM adjusted EBITDA reached £2.7m, turning positive from a loss last year, with a 5% margin.

Financial highlights

• Q2 2026 group revenue was £13.9m (up 43% YoY); UK revenue was £14.3m (up 42% YoY).

• LTM group revenue reached £55.8m (up 40% YoY); annual run rate revenue at £56m.

• Group adjusted EBITDA for the last 12 months was £2.7m at a 5% margin, up from negative 1% a year ago.

• AUA at period end: £8.6bn (up 37% YoY); net flows for Q2: £272m (up 30% YoY).

• UK cost per invested customer at £263.

Outlook and guidance

• Targeting group revenue above £100m and adjusted EBITDA margin of circa 20% by 2029.

• Long-term ambition for revenue above £250m and adjusted EBITDA margin of circa 50% by 2034.

• UK expected to exceed 20% margin by 2029, offsetting US breakeven levels.

• Continued increased marketing investment in the UK and US to drive customer acquisition and brand awareness.

• Focused on scaling US AUA to $1bn through B2B and D2C channels.