Ten Technologies Group (TENG) H2 2026 earnings summary

Executive summary

• FY26 delivered record Net Revenue of £69.7m, Adjusted EBITDA of £16.1m and PBT of £3.4m; net cash reached £11.1m.

• Active Members rose 23% to 461k at year end and 18% further to 545k by end-October, following major digital launches.

Financial highlights

• Net Revenue increased 6% to £69.7m; at constant currency it was £70.7m, up 8%.

• Adjusted EBITDA rose 10% to £16.1m, with a record 23.1% margin; at constant currency, Adjusted EBITDA was £17.4m.

• PBT increased 17% to £3.4m; Adjusted PBT, excluding exceptional items and FX, was £5.2m versus £4.4m.

• Profit for the period was £3.2m versus £2.4m; revenue was £73.8m versus £69.6m.

Outlook and guidance

• FY27 trading since year end was in line with current market expectations, with higher Net Revenue and improved profitability on track.

• Consensus FY27: Net Revenue £77m, Adjusted EBITDA £18m and 23% Adjusted EBITDA margin; mid-term aims are Net Revenue above £100m and margin of ~35%+.

• Growth investment includes ~£0.5m of additional business-development spend and continued investment in the proposition and technology.

• Active Members reached 545k by end-October 2026, up 18%, principally driven by HSBC UK and NatWest digital launches.