accesso Technology Group (ACSO) Trading update summary

Trading performance and financials

• Revenue for 2025 is expected to be slightly ahead of market expectations at approximately $155 million, with cash EBITDA margins approaching 15% due to operational efficiency and cost management.

• Transaction volumes were soft during key summer months but were offset by increased service revenues, resulting in cash EBITDA in line with the prior year.

• Net cash at year-end 2025 stood at $30 million, reflecting continued strong cash generation and a robust balance sheet.

Share repurchase and tender offer

• Completed a share repurchase program covering about 7% of issued share capital during 2025 and early 2026.

• Plans to launch a tender offer to repurchase up to £14.5 million of shares at £3.00 per share, with further details to be provided.

Customer contracts and outlook

• Service to a major customer continues into 2026, with updated commercial arrangements nearing completion.

• Another major customer will not renew its agreement for a key software solution beyond January 2026, as anticipated.

• Entered 2026 with strong commercial momentum due to strategic focus and improved execution, mitigating potential revenue impact.

• Management has realigned the cost base to market conditions and strategic priorities, supporting future cash EBITDA performance.

• 2026 financial outlook remains in line with current market expectations.