Aptitude Software Group (APTD) H1 2026 TU earnings summary

Executive summary

• Achieved improved year-on-year operating profit in H1 2026, driven by higher-margin, software-led and partner-led business model.

• Fynapse segment showed strong new business activity, including the largest new logo win to date and significant cross-sector traction.

• Strategic focus shifted to Fynapse and Finance ERP, with substantial rationalisation of legacy product lines and team structures.

Financial highlights

• Annual Recurring Revenue (ARR) for AI Autonomous Finance grew 12% to £20.1 million compared to H1 2025.

• Group ARR as of 30 June 2026 was £49.9 million, down from £50.8 million in H1 2025 due to expected churn in legacy portfolio.

• Cash at 30 June 2026 was £21.1 million, with net cash of £15.7 million, reflecting investment in reorganisation and a £2 million share buyback.

• £5.8 million of ARR renewed under multi-year contracts, delivering a net ARR increase and £19.2 million in total contract value.

Outlook and guidance

• Anticipates reduced revenue churn in H2 2026 due to strengthened account management and improved upgrade paths.

• Interim results for the six months ended 30 June 2026 expected in early September.

• Strategic Review, including a Formal Sale Process, is progressing as planned.