Source: Sharecast
In a trading update ahead of its full-year results in April, Accesso said 2025 revenue was expected to be about $155m, with cash EBITDA margins approaching 15%.
While transaction volumes were softer during the key summer trading period, the group said that was offset by growth in service revenues, leaving cash EBITDA in line with the prior year and highlighting what it described as the resilience of its business model.
The AIM-traded group said it continued to maintain a strong balance sheet, reporting net cash of $30m as at 31 December, underpinned by ongoing cash generation.
Alongside the trading update, Accesso said it had completed its 2025 and early 2026 share repurchase programme, which covered around 7% of its issued share capital.
The board said it now intended to launch a tender offer to buy back up to £14.5m of shares at an expected price of 300p per share, citing the strength of the balance sheet, continued cash generation and its assessment of the current share price.
Further details, including the timetable and shareholder approvals required, would be communicated in due course.
On outlook, the company said discussions with a major customer referenced in a January update were in the final stages of concluding revised commercial arrangements, with service provision continuing into 2026 and documentation expected to be completed shortly.
It also confirmed that another major customer would not renew its agreement for the same software solution beyond its contractual expiry on 31 January, as previously anticipated.
Despite the customer changes and what it described as a more challenging revenue environment in 2025, Accesso said it entered 2026 with strong commercial momentum, reflecting improved execution and strategic focus during the prior year.
The group said management had taken “decisive and timely action” to align the cost base with market conditions and long-term priorities, measures it said will materially support cash EBITDA performance.
Accesso added that it currently expected its 2026 financial outturn to be in line with market expectations.
At 1150 GMT, shares in Accesso Technology Group were up 5.77% at 275p.
Reporting by Josh White for Sharecast.com.
