REG - Aptitude Software - AGM Statement

Aptitude SoftwareAnnouncement

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RNS Number : 7728F  Aptitude Software Group PLC  27 May 2026

27 May 2026

APTITUDE SOFTWARE GROUP PLC

('Aptitude Software' or 'the Group')

 

AGM Statement

Aptitude (LSE:APTD), a market-leading provider of finance transformation
software solutions specialising in fully autonomous finance, provides the
following update in advance of the Annual General Meeting to be held at 09:00
a.m. today.

Highlights

·    Building Fynapse momentum, Aptitude's AI-powered autonomous finance
platform, with two new enterprise wins in FY26 to date.

·    Rationalising wider product lines and team structures to concentrate
investment behind Fynapse and the Finance ERP opportunity.

·    Further up-sell and renewal success across the wider product
portfolio in the year to date, providing increased visibility of future
revenues.

·    Strategic Review, including a Formal Sale Process under the Takeover
Code, as announced on 8 April 2026, is progressing in line with the Board's
expectations.

·    As previously announced, Ivan Martin will remain in his role as
Non-Executive Chair until the conclusion of the Strategic Review.

AGM Statement

The Group has made positive operational progress in the year to date, with a
strong recurring revenue base providing a resilient foundation and robust cash
generation. The Board continues to simplify and focus the business around
Fynapse as the Group's core growth engine, centred on the emerging Finance ERP
market, while maintaining disciplined cost management across the organisation.

The Group's partner-first model is delivering an increased contribution from
global partners, with Fynapse-led opportunities representing 84% of the
Group's FY26 pipeline. Fynapse implementation timelines continue to shorten,
with customers achieving faster deployment and earlier return on value.

Fynapse continues to see positive market traction, underpinned by the
structural shift toward AI-driven, real-time finance platforms. New Fynapse
wins in FY26 to date include a UK telecommunications company (over £1bn
revenue) and a global insurance brokerage firm (over $5bn revenue), further
demonstrating ongoing growth in demand for modern finance architectures
capable of supporting real-time operations, automation and AI-ready finance
data.

 

Aptitude's installed customer base remains a source of strength, with
renewals, cross-sell and up-sell activity across the entire product portfolio,
reinforcing the long-term migration opportunity for Fynapse and expanding the
Group's footprint across existing clients.

Update on Strategic Review, including Formal Sale Process

As previously announced, the Board has initiated a Strategic Review, including
a formal sale process, supported by a number of major shareholders, to
maximise value for shareholders and stakeholders, recognising that further
resources are required to accelerate Fynapse's opportunity in the emerging
Finance ERP market. The Strategic Review is therefore considering a range of
options. The Board will provide a further update in due course.

Board

As previously announced, Ivan Martin will remain in his role as Non-Executive
Chair until the conclusion of the Strategic Review in order to ensure
continuity of leadership and oversight throughout the process.

 

 Aptitude Software Group plc                                  020-3687-3200
 Ivan Martin, Chairman
 Alex Curran, Chief Executive Officer

 Canaccord Genuity Limited                                    020-7523-8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications
 Caroline Forde / Hilary Buchanan                             020-3405-0205

 

About Aptitude Software

Aptitude Software provides software solutions that deliver fully autonomous
finance to enable its clients to drive growth, efficiency and sustainability.
Fynapse is Aptitude's intelligent finance data management and accounting
platform designed to increase productivity and lower costs for finance teams
globally. Fynapse provides a single view of finance and business data,
unparalleled performance and automation, faster and better insights,
user-friendly functionality and market-leading total cost of ownership.

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