UK's Pennant International H1 revenue rises on training systems contracts

Pennant International

01/09/2026 07:11

Overview
UK systems support software provider's H1 revenue rose 29% yr/yr to £5.8 mln
Gross profit margin for H1 improved to 54% from 44% last year
Adjusted loss before tax narrowed to £0.3 mln from £2.0 mln loss in H1 2025
Technical Services revenue was weaker due to delayed contract awards, but H2 expected to be stronger

Outlook
Pennant expects 2026 revenue of at least £13.0 mln, in line with market expectations
Company anticipates stronger H2 2026 due to new software launches and contract wins
Order book provides about 80% coverage of analyst revenue forecasts for FY2027

Result Drivers
AUXILIUM SOFTWARE GROWTH - Co said increased licensed users and new customer sales drove higher recurring revenue from Auxilium suite
TRAINING SYSTEMS CONTRACTS - Strong order intake and progress on engineered-to-order programs tripled Training Systems revenue
CONVERTWISE LAUNCH - New technical publication conversion service launched in partnership with OnePoint Consulting, first sale to North American military customer

Company press release: ID:nRSA6926Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 5.82 mln
 
H1 Gross Margin
 
54.00%
 
H1 Gross Profit
 
GBP 3.12 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for Pennant International Group PLC is GBp40.00, about 37.9% above its August 28 closing price of GBp29.00
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 44 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.)