Aptitude Software Group (APTD) H2 2025 TU earnings summary

Executive summary

• Achieved strategic and operational progress in FY25, with notable software wins and expansions, and a shift to partner-led delivery and go-to-market activities.

• Profit performance and operating margins expected to improve year-over-year, reflecting cost discipline and a shift in revenue mix.

Financial highlights

• FY25 revenue expected at approximately £65 million, down from £70 million in FY24, aligning with expectations.

• Recurring revenue increased to 83% of total revenue (FY24: 78%).

• Cash at year-end was £29.6 million (FY24: £30.4 million); net cash at £23.6 million (FY24: £23.2 million).

• £5.1 million returned to shareholders via share buy-back in 2025 (2024: £4.0 million).

Outlook and guidance

• Board remains confident in strategic direction, supported by a strong pipeline and increased partner engagement.

• Macro-economic uncertainty continues to impact deal timing, but deferred deals remain active and are included in the 2026 pipeline.