UK's Pennant International H1 revenue rises on new contract wins

Pennant International

13/07/2026 07:10

Overview
UK systems software and training firm's H1 revenue rose 31% yr/yr to £5.9 mln
Gross margin for H1 improved to 53% from 45% a year earlier
Adjusted EBITDA turned positive, driven by higher revenue and margin

Outlook
Pennant says it expects to meet full-year 2026 market expectations
Company sees second half of 2026 as stronger than first half
Pennant cites increased activity and new software opportunities as drivers for H2 growth

Result Drivers
AUXILIUM SOFTWARE LAUNCH - Co said the release of Auxilium phase 3 software in June contributed to improved recurring revenue and product support capabilities
STRATEGIC CONTRACT WINS - New contracts included a global partnership with Siemens, a Canadian Department for National Defence award, and a virtual training simulator order for a UK air defence manufacturer
NEW SERVICE LAUNCHES - Launch of ConvertWise technical publication conversion service and its first sale to a North American military customer supported revenue growth

Company press release: ID:nRSM9571La

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 5.90 mln
 
H1 Gross Margin
 
53.00%

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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.)