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Ten Lifestyle Group PLC - London-based customer loyalty platform for financial institutions - Shares rise following announcement of trading update for the six months ended February 28. Expects to report around £31.8 million in net revenue, up 3% on-year from £30.9 million a year prior, or by 5% at constant currency. Active members increase on-year to 354,000 from 349,000. Company also expects adjusted earnings before interest, tax, depreciation and amortisation to increase to around £6.0 million from £5.3 million. Cash and equivalents total around £11.2 million at the end of the period, up from £9.3 million one year prior. Ten says two large contracts, including a multi-year US one worth £5.0 million per year initially, ‘have now successfully launched and are delivering revenues, as expected, from H2 2025’. Adds that it has more recently secured two multi-year renewals of large contracts in Europe and the Asia Pacific, Middle East & Africa region.
‘We continue to strengthen our market position through advancements in AI-driven technology and our digital platform, helping win new contracts and driving margin, efficiency, scalability, and service quality,’ comments Chief Executive Officer Alex Cheatle. ‘Alongside a robust sales pipeline and deep competitive moat, these investments position us for profitable growth.’
Current stock price: 63.00 pence, up 11% on Wednesday in London
12-month change: down 14%
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