Earnings release
Page 1
RNS Number : 6469OAptitude Software Group PLC31 July 2026 APTITUDE SOFTWARE GROUP PLC ( 'Aptitude' or 'the Group') Trading Update and Notice of Results Continued Fynapse progress, strategic ARR growth and improved margins Aptitude ( LSE: APTD), a market-leading provider of AI-native Finance ERP software, today provides an update ontrading for the six month period ended 30 June 2026 ( 'H1 2026 '). The continued improvement in the quality of revenues combined with cost efficiencies driven by the re-organisation of theGroup have led to an improved year-on-year operating profit in H1 2026 , reflecting the positive impact of the Group'songoing shift toward a higher-margin, software-led and partner-led model. Annual Recurring Revenue ( ARR)1 for the Group's core AI Autonomous Finance segment grew 12% to £20.1 million ( H1 2025: £17.9 million2 3), underscoring the continued shift towards Fynapse and its core Finance ERPstrategy as set out in the full year Group results in April. Fynapse delivered strong new business activity in the period withARR relating to Fynapse increasing by approximately 85%. Notable new business wins announced in the period include a $5.54 million ( £4.2 million) three-year contractwith a Canadian financial services group managing over C$100 billion in assets - the largest new logo win in Fynapse's historyto date, sourced through a Big Four advisory partner. The Group also secured two further Fynapse wins, with a combinedtotal contract value of £1 million: a leading UK telecommunications provider serving over 5.5 million customers; and a globalinsurance brokerage and financial services firm with over $5 billion in revenue. These wins reflect continued cross-sectortraction as organisations prioritise automation, control and real-time insight, while ensuring the structured, finance-gradedata and governed processes required to support reliable AI-driven outcomes. Strategic progress in Fynapse and AI Autonomous Finance was offset at Group level by expected churn within the legacy portfolio. As a result, ARR as at 30 June 2026 was £49.9 million ( H1 2025: £50.8 million2). During the period, the Group substantially completed the rationalisation of its wider product lines and team structures,concentrating its investment on Fynapse and the Finance ERP opportunity. The Group has strengthened its Account Management function with additional resources, underpinning the health of theremaining product portfolio. This, together with an improved upgrade path to the Group's core AI Autonomous Financeproducts is expected to reduce revenue churn in H2 2026 compared with H1 2026 . During H1, £5.8million of ARR from the 31 December 2025 base was renewed under multi-year contracts, delivering a 6 % net ARR increaseand £19.2 million of total contract value. Notable renewals included a five-year Aptitude Accounting Hub renewal with aglobal payments technology company offering prepaid cards and transaction processing; a three-year AREV renewal with aglobal enterprise software company; and an expanded AREV commitment from a global public safetytechnology company reflecting growth in platform usage. Pipeline has continued to grow significantly both in terms of volume and quality during the period. Fynapse now represents93% of total pipeline, up from 80% in July 2025. The Partner-influenced new business pipeline has also strengthened to 92%,from 70% a year ago, reflecting continued alignment with the Group's partner-led strategy. The Group remains financially robust, with cash as at 30 June 2026 of £21.1 million ( 30 June 2025: £23.7 million) and net cash4 of £15.7 million ( 30 June 2025: £17.1 million). This year-on-year cash movement has been drivenby an increase in non-underlying costs ( relating to the investment in the Group re-organisation) as well as the return of £2.6 million to shareholders by way of a share buyback programme during the Period, which was suspended at thetime the Strategic Review was announced. Alex Curran, CEO of Aptitude, commented: "We are encouraged by the progress made in H1, with Fynapse securing further new business, including our largest new logowin to date, alongside a solid set of multi-year renewals across the existing client base. As we concentrate the businessbehind Fynapse and the Finance ERP opportunity, we are seeing continued evidence of market demand for financetransformation solutions that simplify complex finance environments and provide the trusted data foundation needed for AIadoption." The Strategic Review, including a Formal Sale Process under the Takeover Code, as announced on 8 April 2026 , is progressingin line with the Board's expectations. Aptitude anticipates issuing its Interim Results for the six months ended 30 June 2026 in early September2026 . Aptitude Software Group plc 020-3 87-3200 Alex Curran, Chief Executive Officer Ivan Martin, Chairman
Page 2
Canaccord Genuity Limited 020-7523-8000 Simon Bridges / Andrew Potts Alma Strategic Communications Caroline Forde / Hilary Buchanan / Louisa El-Ahwal 020-3405-0205 About Aptitude Software Aptitude Software is the only Finance ERP that combines AI-native architecture with over 40 years ofexperience serving the world's most complex and progressive organisations. ItsFinance ERP, Fynapse, replaces fragmented finance systems with a single, real-time foundation that gives finance teams live,accurate and fully traceable financial data. This reduces cost and complexity, improves decision-making,enables the adoption of AI in finance, and scales with the business. Throughout this announcement: 1 Annual Recurring Revenue ( 'ARR') is the value of Aptitude Software's recurring revenue at a specific point in time, normalised to a one-year period. ARR includes recurring revenues contracted but yet to commence and excludes recurring revenues which are currently beingreceived but for which formal termination has been received. Included in ARR are recurring revenues from the Group's Assure services. 2 Constant currency is calculated by comparing the H1 2026 results with H1 2025 results retranslated at the rates of exchange prevailingduring H1 2026. Items indicated by this superscript reference are calculated on a constant currency basis. 3 Includes £0.3m of AI Autonomous Finance ARR from one customer that was previously misclassified. 4 Net cash represents cash and cash equivalents less a bank loan. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END