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UK's Ten Technologies FY profit rises on active member growth

By Reuters News

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Overview

  • UK customer experience platform's preliminary full-yr net revenue grew 6%, reaching a record

  • Adjusted EBITDA for the yr rose 10%, driven by digital adoption and operational leverage

  • Profit before tax for the yr reached a record, supported by expansion of digital platform


Outlook

  • Company expects higher Net Revenue and improved profitability for 2027

  • Active Members increased by 18% in two months after year end, supporting growth outlook

  • Company remains focused on profitable, cash-generative growth and expanding margins in 2027


Result Drivers

  • DIGITAL ADOPTION - Co said increased digital adoption enabled more efficient service delivery, supporting margin expansion and improved operating leverage

  • ACTIVE MEMBER GROWTH - Co attributed growth in revenue to a 23% increase in Active Members, driven by digital launches and higher engagement across client programmes

  • NEW CONTRACTS AND CLIENT PROGRAMMES - Co said revenue growth was supported by new and expanded digital contracts with existing and new clients, particularly in Europe and AMEA


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Net Income

GBP 3.20 mln

FY Pretax Profit

GBP 3.40 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Ten Technologies Group PLC is GBp189.00, about 104.3% above its November 10 closing price of GBp92.50

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Nov 10 - UK's TPXimpact H1 revenue rises 60% on government demand; debt cleared

  • Nov 9 - UK's Kainos Group H1 revenue rises 37% on public sector contracts

  • Nov 10 - UK's Tatton Asset Management H1 profit rises on higher AUM, net inflows


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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