PCI-PAL revenue grows in first half but product expenses widen loss

Tue, 03rd Mar 2026 17:27

(Alliance News) - PCI-PAL PLC on Tuesday reported higher first-half revenue but a wider pretax loss, as increased investment in sales and product development weighted on earnings.

Revenue totalled GBP11.3 million for the six months ending on December 31, up 7.0% from GBP10.6 million a year prior. Pretax losses, however, widened to GBP819,000 from GBP286,000 a year prior.

The London-based payment services firm said that the about GBP500,000 increase in operating activities reflected "ongoing investment in go-to-market capability (including marketing) and product development", and that those expenses did not impact its GBP3.0 million credit facility with HSBC Holdings PLC which remains undrawn.

The company reported that "strong commercial momentum" from the first half of the financial year is continuing into the second half, and that the business "performed very well", pointing at its 95% gross revenue retention, "growing partner base" and "high levels of demand" for its core products, reaffirming its outlook for the full year.

Chief Executive Officer James Barham said: "We have delivered an excellent first half, with record new business...The strength of this performance reflects disciplined execution of our plans, including increased leverage of our partner eco-system and increasing enterprise sales momentum, particularly in the sizeable US market".

He also pointed at "a number of notable enterprise wins", including an initial contract with a Fortune 50 company, two new contracts with Fortune 500 companies, and a further contract with a regional healthcare provider in the American Mid-West.

"Partner-led sales continued to represent the majority of new business, with 83% of contracts secured via our channel partners and 71% of total annual contract value derived from partners. This reflects both an increase in channel business volume as well as a rise in average contract value," CEO Barham added.

PCI-PAL shares closed down 1.7% at 56.01 pence each on Tuesday in London.

By Martin Miraglia, Alliance News reporter

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