accesso Technology Group (ACSO) H1 2026 earnings summary

Executive summary

• Revenue remained stable at $67.8m in H1 2026, with disciplined cost management, a new CEO and senior team, and a strategic shift to an integrated, AI-first software ecosystem.

• Cash EBITDA rose 49.7% to $7.6m, with margin improving to 11.2% due to cost reductions and efficiency measures.

• Growth in ticketing and distribution offset declines in virtual queuing, with strong multi-product adoption and early proof points from new venue wins.

• AI-driven product development accelerated the roadmap by six months, and embedded payments (accessoPay) launched with early customer adoption.

• Dexibit acquisition expanded analytics and AI capabilities, forming the foundation for accesso Intelligence.

Financial highlights

• Group revenue was $67.8m, flat year-over-year; excluding virtual queuing, revenue grew 7.1%.

• Cash EBITDA reached $7.6m (+49.7% YoY), with margin at 11.2%.

• Underlying admin costs fell 6.1% to $45.6m following restructuring; headcount reduced from 655 to 617.

• Net cash at period end was $7.3m after significant capital events, including share buybacks and Dexibit acquisition.

• Adjusted basic EPS increased 26.9% year-over-year.

Outlook and guidance

• Full-year 2026 guidance maintained at ~$146m revenue and ~$20m Cash EBITDA, with H2 performance weighted due to seasonality.

• Early H2 trading in line with expectations; key periods ahead include Halloween and ski season.

• Strong pipeline momentum, increased cross-sell, and ecosystem deployments; two major opportunities close to signing.

• Middle East project milestones on track, with $1.3m revenue expected for the rest of the year.