UK's Aptitude Software H1 revenue falls on legacy product churn

Aptitude Software

16/09/2026 07:10

Overview
UK AI-native Finance ERP provider's H1 2026 revenue fell 12% yr/yr amid legacy product churn
Adjusted operating profit for H1 2026 rose 4% yr/yr, driven by cost efficiencies and SaaS transition
Company continues formal sale process, with advanced discussions underway with one party

Outlook
Company says macroeconomic and geopolitical uncertainty is extending sales cycles
Aptitude remains focused on converting its pipeline and upgrading clients to Fynapse
Board continues discussions with parties regarding a potential sale of the company

Result Drivers
FYNAPSE GROWTH - Co said strong momentum for Fynapse drove 12% AI Autonomous Finance ARR growth and 85% Fynapse ARR growth yr/yr
LEGACY CHURN - Co attributed overall ARR and revenue decline to elevated churn in legacy product portfolio
SAAS COST EFFICIENCIES - Co said transition to SaaS model delivered cost efficiencies, supporting higher operating margin

Company press release: ID:nRSP9088Ua

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Adjusted EBIT
 
GBP 5.1 mln
 
H1 EBIT
 
GBP 1.2 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Aptitude Software Group PLC is GBp421.00, about 96.7% above its September 15 closing price of GBp214.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)