ActiveOps (AOM) H1 2026 TU earnings summary

Executive summary

• Delivered double-digit revenue and profit growth in H1 2026, with strong organic expansion and customer wins across all regions.

• Full-year revenues now expected to be comfortably ahead of consensus expectations, driven by robust sales momentum and product innovation.

• Integration of Enlighten, acquired in June 2025, is progressing as planned, expanding regional presence and product capabilities.

Financial highlights

• Overall revenue grew approximately 45% (50% CC) to £20.8m compared to H1 2025.

• Organic revenue growth reached 34% CC to £18.7m, with SaaS revenues up 33% (38% CC) to £17.3m.

• ARR increased by 55% (58% CC) to £40.6m; organic ARR growth was 27% CC, and NRR rose to 116% CC.

• Double-digit adjusted EBITDA growth and increased profit before tax expected for H1 2026.

• Cash at period end was £13.3m after £5.5m spent on Enlighten acquisition; no debt.

Outlook and guidance

• Full-year revenues anticipated to exceed consensus of £40.3m, with reported PBT expected to align with consensus of £1.7m due to integration costs.

• Operating cost efficiencies from Enlighten integration expected to benefit FY 2027 onwards.