Trading Update and Tender Offer
Summary by AI BETAClose X
29 January 2026
accesso® Technology Group plc
("accesso" or the "Group")
Trading Update and Tender Offer
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for leisure, entertainment, and cultural markets, today provides a brief update on customer contracts and current trading expectations.
Trading Update
The Group is pleased to provide the following trading update for the 2025 financial year ahead of its full year results announcement planned for April 2026.
For the year 2025, the Group expects revenue to be slightly ahead of market expectations, at approximately $155 million, with cash EBITDA margins approaching 15% reflecting continued focus on operational efficiency and disciplined cost management.
Despite some softness in transaction volumes during the key summer months, this was offset by increased service revenues. With cash EBITDA expected to be in line with the prior year, the Group continues to demonstrate the resilience and efficiency of its business model.
Finally, the Group continues to maintain a strong balance sheet. Net cash at 31 December 2025 was $30 million, supported by continued cash generation.
Tender Offer
The Group has now completed its 2025 and early 2026 share repurchase programme, which represented approximately 7% of the Company's issued share capital. Through this period, the Board has continued to assess opportunities to enhance shareholder returns.
Given the strength of the Group's balance sheet, its ongoing cash generation, and the Board's assessment of the Company's current share price, the Board intends to undertake a tender offer to repurchase up to £14.5 million of the Company's shares, with a tender price expected to be £3.00 per share.
Further details of the proposed tender offer, including the timetable, terms and conditions, and the resolutions required to implement it, will be communicated to shareholders in due course.
Outlook
Further to the commercial update provided on 5 January 2026, the Group confirms that service of the solution to the major customer has continued into 2026, and the parties are in the final stages of concluding the updated commercial arrangements, with documentation expected to be completed shortly.
In addition, the other major customer referenced in that update has now confirmed that it will not renew its agreement for the same software solution beyond its contractual expiry on 31 January 2026, as previously anticipated.
Despite recent changes to services provided to certain key customers and a more challenging revenue environment through 2025, the Group entered 2026 with strong commercial momentum. This was the result of increased strategic focus and improved execution during the prior year, without which, the revenue impact in 2026 would have been more pronounced.
In parallel, management has taken decisive and timely action to align its cost base with current market condition and long-term strategic priorities. Together, these actions have enhanced the resilience of the business and will materially support Cash EBITDA performance, ensuring the Group remains well positioned to support customers and pursue targeted investment for growth.
The Group currently expects its 2026 outturn to be in line with current market expectations.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information, please contact:
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accesso Technology Group plc |
+44 (0)118 934 7400 |
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Steve Brown, Chief Executive Officer |
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Matthew Boyle, Chief Financial Officer
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Deutsche Numis (Nominated Adviser and Sole Broker) |
+44 (0)20 7260 1000 |
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Simon Willis, Joshua Hughes, Iqra Amin
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DGA Group |
+44 (0)20 7550 9225 |
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Adam Davidson, Corbin Ellington |
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At accesso, we believe technology has the power to redefine the guest experience. Our patented and award-winning solutions drive increased revenue for attractions operators while improving the guest experience. Currently serving over 1,100 venues in 33 countries around the globe, accesso's solutions help our clients streamline operations, generate increased revenues, improve guest satisfaction, and harness the power of data to educate business and marketing decisions.
accesso invests heavily in research and development because our industries demand it, our clients benefit from it, and it makes a positive impact on the guest experience.
Our commitment to improving the guest experience and helping our clients increase revenue is the core of our business. Our technology solutions allow venues to increase the volume and range of on- and off-site spending, and to drive increased transaction-based revenue through cutting-edge ticketing, point-of-sale, virtual queuing, distribution and experience management software.
Many of our team members come from backgrounds working within the attractions and cultural industry. In this way, we are experienced operators who run a technology company serving attractions operators, versus a technology company that happens to serve the market. Our staff understands the day-to-day operations of managing complex venues and the challenges this creates, and together we strive to provide our clients and their guests with technology that empowers them to do more and enjoy more. From our agile development team to our dedicated client service specialists, every team member knows that their passion, integrity, commitment, teamwork and innovation are what drive our success.
accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information, visit www.accesso.com .
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