Aptitude Software Group (APTD) H2 2025 earnings summary

Executive summary

• Fynapse ARR grew 70% year-over-year, driven by business transformation and strong partner/customer feedback.

• Profitable and cash generative, with a strong balance sheet and ongoing strategic review to define future corporate strategy.

Financial highlights

• Total ARR reached £49.8m, providing high revenue visibility and a solid foundation for growth.

• ARR growth in AI Autonomous Finance was 7% in 2025.

• Net retention rate was 98%, with significant upsell opportunities and increased future contracted revenues to £83.4m.

• Cash position at £29.6m and net funds of £21.2m.

• Full year dividend maintained at 5.4p, with £5.1m returned to shareholders via buybacks.

• Total revenue was £65.0m (down from £70.0m in FY 2024), with recurring revenue making up 83% of total.

• Adjusted operating profit increased to £10.0m, with a 15% adjusted operating margin.

Outlook and guidance

• Focus on scaling Fynapse and capturing market opportunity.

• Strategic review underway to identify optimal path for growth, including potential equity raise, strategic partnerships, or asset/company sale.

• Emphasis on accelerating pipeline growth, partner engagement, and customer wins.