REG - Accesso Technology - Trading Update and Tender Offer

accesso TechnologyAnnouncement

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RNS Number : 8116Q  Accesso Technology Group PLC  29 January 2026

29 January 2026

accesso(®) Technology Group plc

 

("accesso" or the "Group")

 

Trading Update and Tender Offer

 

 

accesso Technology Group plc (AIM: ACSO), the premier technology solutions
provider for leisure, entertainment, and cultural markets, today provides a
brief update on customer contracts and current trading expectations.

 

Trading Update

 

The Group is pleased to provide the following trading update for the 2025
financial year ahead of its full year results announcement planned for April
2026.

 

For the year 2025, the Group expects revenue to be slightly ahead of market
expectations, at approximately $155 million, with cash EBITDA margins
approaching 15% reflecting continued focus on operational efficiency and
disciplined cost management.

 

Despite some softness in transaction volumes during the key summer months,
this was offset by increased service revenues. With cash EBITDA expected to be
in line with the prior year, the Group continues to demonstrate the resilience
and efficiency of its business model.

 

Finally, the Group continues to maintain a strong balance sheet. Net cash at
31 December 2025 was $30 million, supported by continued cash generation.

 

Tender Offer

 

The Group has now completed its 2025 and early 2026 share repurchase
programme, which represented approximately 7% of the Company's issued share
capital. Through this period, the Board has continued to assess opportunities
to enhance shareholder returns.

 

Given the strength of the Group's balance sheet, its ongoing cash generation,
and the Board's assessment of the Company's current share price, the Board
intends to undertake a tender offer to repurchase up to £14.5 million of the
Company's shares, with a tender price expected to be £3.00 per share.

 

Further details of the proposed tender offer, including the timetable, terms
and conditions, and the resolutions required to implement it, will be
communicated to shareholders in due course.

 

Outlook

 

Further to the commercial update provided on 5 January 2026, the Group
confirms that service of the solution to the major customer has continued into
2026, and the parties are in the final stages of concluding the updated
commercial arrangements, with documentation expected to be completed shortly.

 

In addition, the other major customer referenced in that update has now
confirmed that it will not renew its agreement for the same software solution
beyond its contractual expiry on 31 January 2026, as previously anticipated.

 

Despite recent changes to services provided to certain key customers and a
more challenging revenue environment through 2025, the Group entered 2026 with
strong commercial momentum. This was the result of increased strategic focus
and improved execution during the prior year, without which, the revenue
impact in 2026 would have been more pronounced.

 

In parallel, management has taken decisive and timely action to align its cost
base with current market condition and long-term strategic priorities.
Together, these actions have enhanced the resilience of the business and will
materially support Cash EBITDA performance, ensuring the Group remains well
positioned to support customers and pursue targeted investment for growth.

 

The Group currently expects its 2026 outturn to be in line with current market
expectations.

 

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 1,100 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/)

 

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