PensionBee Group (PBEE) Q3 2026 TU earnings summary

Executive summary

• AUA rose 29% YoY to a record £9.0bn, with quarterly gross inflows of £426m and net flows of £220m; invested customers increased 13% to 337,000.

• Q3 revenue grew 31% YoY to £14.8m; LTM Group Adjusted EBITDA reached £2.4m, as revenue growth and operational leverage supported profitability.

Financial highlights

• Q3 Group revenue was £14.8m, up 31% YoY; LTM revenue increased 36% to £53.6m and annual run rate revenue rose 26% to £58.6m.

• Q3 Group Adjusted EBITDA was £1.1m versus £1.3m a year earlier; LTM Adjusted EBITDA increased to £2.4m from £0.1m.

• Group cash was £30.6m at September 2026, versus £33.3m a year earlier.

Outlook and guidance

• Existing framework, assuming relative market stability, targets Group revenue above £100m by year-end 2029 and above £250m by year-end 2034.

• Adjusted EBITDA margin objectives are c.20% by year-end 2029 and c.50% by year-end 2034.

• UK plans to maintain increased marketing investment and launch an enhanced retirement planner; US continues to build its B2B channel and improve its direct customer experience toward $1bn AUA.