Slides
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2025 Interim Results 9 September 2025
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Steve Brown Chief Executive Officer 2 Matthew Boyle Chief Financial Officer ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS
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TODAY’S AGENDA 3 1 2 3 4 Key Highlights Strategic Progress Financial Highlights Summary & Outlook ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS
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Key Highlights
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5 FIRST HALF PERFORMANCE HEADLINES Revenue $67.9m Cash EBITDA $5.1m Net Cash $25.4m Ticketing & Distribution +2.5% Guest Experience -21% Professional Services +5% ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS
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6 DIVERSIFICATION ENABLING RESILIENCE -3.8% YoY Transactional revenue June weather impacted venue attendance in North America and Europe Market conditions impacting transactional revenue stream Maintenance & Support +113.6% YoY Higher quality and higher value project revenue Professional Services +15.0% YoY Driven by accesso Horizon traction Geographic & Revenue diversification offsetting impact Implementation and Change Request Services Professional ServicesBroadening geographic reach ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS
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Strategic Progress
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8 Increase customer share of wallet Growing wins and pipeline for accesso Freedom; first theme park signed. Overall win size also increasing. Invest in new technology to unlock growth and efficiency Initial pilot of composable commerce completed; project rollout for accesso Paradox on track for early 2026. AI based product enhancements in flight; in-house use of AI driving efficiently across all operational areas. Strategic use of capital High quality acquisition of 1RISK & ongoing buyback. Developing structured capital allocation framework. Accelerate pace of new wins Win rate on a revenue basis is near double prior year; total current pipeline also 2X prior year. ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS CONTINUED PROGRESS TOWARDS GROWTH STRATEGY
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9 COMMERCIAL STRATEGY DELIVERING RESULTS Go-to-market approach driving increased opportunity pipeline, win rate and deal size. Resource re-allocation to expand commercial support Enhanced sales enablement Named new Commercial leadership Mike Evenson appointed CCO Continued momentum with new offerings 20 accesso Freedom wins (Now 39 in total with robust go-forward pipeline) Increased win rate 37 product wins (+11 YoY) Realized higher transaction values 82% transactional value uplift (vs new wins at June 24). ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS
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10 INNOVATION & AI ENHANCING CUSTOMER EXPERIENCE ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS Commerce API Enhanced Checkout Flow Final V6 Rollouts Development of Next Generation “Composable Commerce” Brings market leading eCommerce to accesso Paradox (2026) Will upgrade accesso Passport eCommerce to sustain market leadership (2026-2027) Provides pathway to eCommerce offering for accesso Horizon AI Product Enhancements Enabling Model Context Protocols; released for Passport and Freedom to support Agentic Commerce Voice Enabled Chatbot protype in testing for Passport and Freedom; target showcase November 2025. Passport LLM integration to more efficiently support global languages Inntopia Integration Snow School Enhancements Siriusware migrations to SaaS Revenue Quebec compliancy Room charge functionality Expanded integration features
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11 STRATEGIC USE OF CAPITAL IN THE BUSINESS ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS Acquisition Operated through H1 and continues $5.0m returned to shareholders in H1 ~$10.8m (£8.0m) total target Ongoing Share Buyback Strategic growth market 150+ North American venues served Optimized integration and standalone sales Market-leader liability waiver application Key competitive differentiator Developing structured capital allocation framework
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Financial Review
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FINANCIAL HIGHLIGHTS 13 Transactional Other Repeatable Non-Repeatable Other HY 25 72% 13% 12% 3% 74%9% 11% 6% HY 24 Revenue mix offsets volume headwinds Improved gross margin Cash EBITDA reflective of foreign exhange losses and headcount cost increase Maintaining strong balance sheet Group revenue of $67.9m was -1.9% lower. Constant currency basis and excluding impact of one-off changes, revenue was -1.4% lower. Gross margin increases to 78.3% from 76.2% in the comparative period, H1 24. Cash EBITDA of $5.1m (HY 24: $6.5m) reflects 4% ($1.9m) increase in underlying admin expenses on slight uplift in gross profit. Net cash of $25.4m at the period end. Revenue Split HY ’25 & HY ’24Resilient performance in the face of headwinds ©2025 accesso Technology Group PLC 2025 INTERIM RESULTS
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©2025 accesso Technology Group PLC 2025 INTERIM RESULTS 14 REVENUE BY TYPE ($ in thousands) HY 2025 HY 2024 Change (%) Virtual Queuing 8,646 9,417 (8.2) Ticketing and eCommerce 29,755 31,452 (5.4) Distribution 10,722 10,197 5.1 Transactional Revenue 49,123 51,066 (3.8) Maintenance and support 5,803 5,044 15.0 Platform fees 1,113 1,694 (34.3) Recurring licence revenue 1,346 1,072 25.6 Total Repeatable 57,385 58,876 (2.5) One-time licence Revenue 729 856 (14.8) Implementation, change request and billable services 3,193 1,495 113.6 Professional Services 4,354 4,155 4.8 Non-repeatable revenue 8,276 6,506 27.2 Hardware 278 1,927 (85.6) Other 1,958 1,885 3.9 Other Revenue 2,236 3,812 (41.3) Total Revenue 67,897 69,194 (1.9) Transactional revenue decreased to $49m, down 3.8% on HY 24. • Ticketing and eCommerce fell by 5.4% and Virtual Queuing revenue fell 8.2%, owing to softer attendances. • Offset by 5.1% increase in distribution as venues look to use promotional channels in uncertain economic environments. Other Repeatable offsets decrease in transactional revenue. • Maintenance and support increases by 15.0% and recurring licence revenue by 25.6% due to strength in accesso Horizon Non-repeatable revenue increased by 27.2% • Change request revenue increased by 113.6% owing to services provided to an existing blue-chip customer Other revenue decreased by 41.3% • Large accesso Prism hardware sale to a blue-chip customer not repeated in the current year. 2025 INTERIM RESULTS
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©2025 accesso Technology Group PLC 2025 INTERIM RESULTS Gross profit increase of 0.9% to $53.2m, delivered at 78.3% gross margin • Impact of changing revenue mix with no significant hardware sale in HY 25 (HY 24: $1.8m) Reported administrative expenses increase 0.6% to $51.8m. Underlying admin expenditure increased 4.0% to $48.5m • Includes $1m FX loss (HY 24: $0.4m) on revaluing non- USD assets (cash). Constant currency increase of 2.4% ($1.1m). • Headcount decrease from 682 at year end to 675 at 30 June 2025. Inclusive of 7 new 1RISK hires. Net Finance Income for the period of $0.5m (HY 24: net expense of $0.9m). • Driven by positive FX revaluation on USD loan (held in UK) of $0.9m (in finance income). • Lower interest on debt facility compared to comparative period (Drawings HY 25: avg $10.1m vs HY 24: avg $18.9m). 15 INCOME STATEMENT ($ in thousands) HY 2025 HY 2024 Change (%) Revenue 67,897 69,194 (1.9) Cost of sales (14,724) (16,470) (10.6) Gross profit 53,173 52,724 0.9 Administrative expenses (51,812) (51,516) 0.6 Operating profit / (loss) 1,361 1,208 12.7 Finance expense (697) (1,184) (41.1) Finance income 1,208 273 342.5 Profit before tax 1,872 297 530.3 2025 INTERIM RESULTS
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©2025 accesso Technology Group PLC 2025 INTERIM RESULTS 16 CASH EBITDA The Group delivered cash EBITDA for the period of $5.1m Exceptional expenses include gain on sale of Brazilian subsidiary Share based payments decreased 6.7% to $2.0m. Reflects performance conditions unlikely to be achieved. Decrease of 31.9% in amortisation & depreciation following capitalised R&D spend becoming fully amortised during 2024. Capitalised internal development costs increased 24.8% to $1.5m due to uplift on spend on new projects. ($ in thousands) HY 2025 HY 2024 Change (%) Operating profit 1,361 1,208 12.7 Add: Exceptional expenditure on acquisition, disposal and integration related costs (55) 24 (329.2) Add: Shared-based payments 2,019 2,163 (6.7) Add: Amortisation related to acquired intangibles 1,676 1,962 (14.6) Add: Amortisation and depreciation (excluding acquired intangibles) 1,609 2,363 (31.9) Less: Capitalised internal development costs paid in cash (1,545) (1,238) 24.8 Cash EBITDA 5,065 6,482 (21.9) 2025 INTERIM RESULTS
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©2025 accesso Technology Group PLC 2025 INTERIM RESULTS 17 CASH FLOW ($ in thousands) HY 2025 HY 2024 Operating cash flow before movement in working capital 7,222 7,770 Working capital movements 477 (14,178) Cash generated from / (used in) operations 7,699 (6,408) Tax paid (1,240) (894) Capitalised development costs (1,545) (1,238) Purchase of intellectual property and other intangibles (4,263) - Purchase of property, plant and equipment (246) (200) Net interest received/(paid) (120) (456) Net payments (made)/received on property leases (394) (396) Purchase of own shares for cancellation (4,985) (2,828) Other (53) (57) Movement in net cash in period (5,147) (12,477) Foreign exchange gain / (loss) on cash in period 1,854 (696) Opening net cash 28,716 31,465 Closing net cash 25,423 18,292 Net cash at the end of the period has reduced to $25.4m from $28.7m at 31 Dec 2024. Comprises: • Cash of $35.6m offset by net borrowing of $10.2m (FY 24: cash of $42.8m offset by net borrowing of $14.1m). Working capital swing driven by: • Distribution business collects gross value of ticket sold. Seasonal peak in December where timing of cash flows. • Net cash includes ‘pass-through’ of $5.2m (HY24: $4.6m, FY24: $2.8m). Purchase of intangibles of $4.3m includes • 1RISK intellectual property • Modernised corporate website Repurchase of own shares totaling $5.0m during HY 25. Programme is for a total of GBP £ 8.0m. Currently at GBP £6.6m with a total of 1.41m shares repurchased (3.5% of shares in issue). 2025 INTERIM RESULTS
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Summary and Outlook
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©2025 accesso Technology Group PLC 2025 INTERIM RESULTS 19 Revenue Cash EBITDA margin Unlikely to exceed growth of 5% reported in 2024 OUTLOOK Unchanged at approximately 15%
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Questions