PCI-PAL (PCIP) Trading Update summary

New business growth momentum

• Achieved record H1 new business with ACV of deals signed exceeding £1.9 million, up from £1.6 million in 2023.

• Growth driven by strong run rate in small to mid-size contracts and several large enterprise wins, including competitor displacements.

Financial performance

• Annual Recurring Revenue (ARR) increased over 21% year-on-year to £16.8 million.

• H1 revenue rose 26% year-on-year to £10.6 million, with normalised revenue growth at approximately 13%.

• Net cash at period end was £4.0 million, with debt facility undrawn.

Strategic outlook and operations

• Strategy to serve the global contact centre market is yielding incremental new business and a growing enterprise customer base.

• Management expresses confidence in the outlook, supported by a strong sales pipeline and ongoing operational progress.