ActiveOps upbeat on solid interim results

(Sharecast News) - ActiveOps reported solid interim results on Thursday, with revenue and annual recurring revenue rising sharply as demand for its decision intelligence software accelerated and customer expansion continued to underpin growth.

Total revenue for the six months ended 30 September increased 45% year-on-year to £20.8m, including organic growth of 31%.

Annual recurring revenue jumped 55% to £40.6m, or 24% on an organic basis, while net revenue retention improved to 114% from 108%, reflecting expansions within existing clients.

Adjusted EBITDA doubled to £2.0m and adjusted profit before tax rose 40% to £0.7m.

Statutory results were weighed down by £1.4m of costs linked to the acquisition of Enlighten Group in June, resulting in a pre-tax loss of £0.7m.

Software and subscription revenue grew 18% to £15.3m, while training and implementation income surged 162% to £3.4m as more customers moved into deployment and adoption phases.

Growth was broad-based across geographies, with South Africa delivering revenue of £1.3m, up 86%, driven by customer wins and expansion.

The company ended the period debt free with £13.3m in cash and investments.

Operationally, ActiveOps secured five new customers, achieved continued upgrades to its ControliQ platform and reported strong progress for its CaseWorkiQ product, which delivered ARR growth of 76%.

Uptake of the newest versions of ControliQ is increasing, with a third of customers now using Series 3 and 14% on Series 4.

The integration of Enlighten was progressing as planned, with cost synergies on target, and the company has bolstered its sales leadership with new senior appointments.

Executive chair Richard Jeffery said the half-year performance demonstrated momentum in both new business and existing client expansion.

"The first half of 2026 has seen continued progress in the delivery of our strategy, supporting an accelerated organic growth rate, increased pace of new customer acquisition and major expansions with existing customers, all underpinned by continued profitability and cash generation," he said.

Jeffery added that ActiveOps' platform "is helping operations teams unlock latent capacity and transform with confidence," and that advances in AI-driven capabilities provide "a considerable runway for future growth".

He said trading since the period ended remained healthy, with three further customer wins recorded, and that the company was "well positioned for a strong second half, with current momentum expected to deliver full-year results in line with the recently upgraded market expectations."

At 1417 GMT, shares in ActiveOps were flat at 237p.

Reporting by Josh White for Sharecast.com.

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