REG - Accesso Technology - Trading and Commercial Update

accesso TechnologyAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250711:nRSK6408Qa&default-theme=true

RNS Number : 6408Q  Accesso Technology Group PLC  11 July 2025

11 July 2025

accesso® Technology Group plc

 

("accesso" or the "Group")

 

Trading and Commercial Update

 

accesso Technology Group plc (AIM: ACSO), the premier technology solutions
provider for leisure, entertainment, and cultural markets, today provides the
following update on its ongoing commercial performance.

 

2025 Trading Update

 

Revenue performance expected to be at the lower end of guidance

 

For the six months ended 30 June 2025, Group revenue reflected softer than
expected attendance across our customer portfolio. Our own performance held up
well, but customer dynamics at key venues limited volumes and therefore
reduced the transaction pool from which we drive a large share of our revenue.

 

Importantly, the seasonality in our business means that June, July and August
are our most important trading months. With two thirds of this critical summer
period ahead of us, we remain laser-focused on delivery.

 

At this stage, and subject to trading over the coming weeks, we expect to
deliver full-year revenue at the lower end of our anticipated guidance range.

 

Importantly, our cash EBITDA margin guidance of approximately 15% for FY2025
remains unchanged, reflecting continued cost discipline and operational
efficiency.

 

Commercial Update

 

Renewal discussions with major customer

 

Commercial discussions are ongoing with a major customer regarding the
extension of its enterprise agreements with the Group, which are currently due
to expire on 31 December 2025. As part of these discussions we have been
notified that the customer does not intend to renew one of these agreements.

 

We anticipate that the gross profit impact to the Group starting in 2026 will
be a reduction of approximately $6m, as the revenue lost is meaningfully
offset by significantly improved commercial terms in the remaining agreements
with the customer.

 

This underlines the strength of our ongoing relationship and the customer's
continued belief in our ticketing platform as a mission-critical revenue
solution.

 

Sales pipeline and recent wins

 

In recent months we have been encouraged by the strength of our sales pipeline
and a notable improvement in our commercial win rate. Improving this metric
has been a key strategic priority for the group and is critical to increasing
the pace of revenue growth. With 33 customers now signed for accesso Freedom
including the first theme park win, implementation underway for our signature
Middle East engagement and a significant uplift in new wins, it is clear that
our revised commercial strategy is proving successful. We expect the positive
commercial momentum to strengthen further into the final quarter of the year.

 

2026 outlook guidance

 

The Group will update the market on guidance for 2026 once trading conditions
become clearer, further progress is made on our current commercial momentum,
and the contract discussions with the major customer are concluded.

 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 ("MAR"). Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

For further information, please contact:

 

 accesso Technology Group plc                         +44 (0)118 934 7400
 Steve Brown, Chief Executive Officer
 Matthew Boyle, Chief Financial Officer

                                                      +44 (0)20 7260 1000

 Deutsche Numis (Nominated Adviser and Sole Broker)
 Simon Willis, Joshua Hughes, Iqra Amin

                                                      +44 (0)20 7550 9225

 DGA Group
 Adam Davidson, Corbin Ellington

 

At accesso, we believe technology has the power to redefine the guest
experience. Our patented and award-winning solutions drive increased revenue
for attractions operators while improving the guest experience. Currently
serving over 1,200 venues in 33 countries around the globe, accesso's
solutions help our clients streamline operations, generate increased revenues,
improve guest satisfaction, and harness the power of data to educate business
and marketing decisions.

accesso invests heavily in research and development because our industries
demand it, our clients benefit from it, and it makes a positive impact on the
guest experience.

Our commitment to improving the guest experience and helping our clients
increase revenue is the core of our business. Our technology solutions allow
venues to increase the volume and range of on- and off-site spending, and to
drive increased transaction-based revenue through cutting-edge ticketing,
point-of-sale, virtual queuing, distribution and experience management
software.

Many of our team members come from backgrounds working within the attractions
and cultural industry. In this way, we are experienced operators who run a
technology company serving attractions operators, versus a technology company
that happens to serve the market. Our staff understands the day-to-day
operations of managing complex venues and the challenges this creates, and
together we strive to provide our clients and their guests with technology
that empowers them to do more and enjoy more. From our agile development team
to our dedicated client service specialists, every team member knows that
their passion, integrity, commitment, teamwork and innovation are what drive
our success.

accesso is a public company, listed on AIM: a market operated by the London
Stock Exchange. For more information, visit www.accesso.com
(http://www.accesso.com) .

Follow accesso on X (https://x.com/accessotech) , LinkedIn
(https://www.linkedin.com/company/accesso) and Facebook
(https://www.facebook.com/accessoTechnologyGroup/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDGPUWAMUPAGMU