UK's Ingenta H1 revenue edges down on FX and legacy work impact
UK's Ingenta H1 revenue edges down on FX and legacy work impact
Overview
UK publishing software provider's H1 26 revenue declined slightly yr/yr due to FX and legacy work
Adjusted EPS and EBITDA for H1 26 fell compared to prior year
Company acquired FirstAida Limited post period-end, expanding AI capabilities in legal sector
Outlook
Ingenta says it is on track to meet FY26 company-compiled adjusted EBITDA expectations of £1.4m
Company expects FirstAida acquisition to help drive future growth
Ingenta prioritising investment in sales team to enhance future performance
Result Drivers
CURRENCY AND LEGACY WORK - Co said revenue decline was mainly due to FX movements and wind-down of legacy work
COMMERCIAL REVENUE GROWTH - Commercial revenue rose 5% driven by managed services from existing customers
CONTENT REVENUE DECLINE - Content revenue fell 7% due to lower implementation and consultancy activity
Company press release: ID:nRSW8621Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 5.12 mln |
|
H1 Adjusted EPS |
| GBP 0.05 |
|
H1 Adjusted EBITDA |
| GBP 710,000 |
|
H1 Gross Margin |
| 48.00% |
|
H1 EBIT |
| GBP 629,000 |
|
H1 Gross Profit |
| GBP 2.46 mln |
|
H1 Pretax Profit |
| GBP 688,000 |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Ingenta PLC is GBp130.00, about 58.5% above its September 22 closing price of GBp82.00
Reuters Recommended Reads
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Sept 22 - WPP opens London hub in bid to produce faster, AI-assisted ads
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)