UK's Pinewood leads small-cap index after annual profit jump

Pinewood Technologies

22/04/2026 08:38

** Shares of automotive technology provider Pinewood Technologies PINE.L rise 10.6% to 264p

** Stock is top gainer in FTSE Small-Cap Index .FTSC

** Company's underlying core profit rises 17.1% to 16.4 million pounds ($22.17 million) in FY25, revenue jumps 29.8%

** Company reaffirms medium-term target of 58 million pounds to 62 million pounds underlying core profit by FY28, expects FY26 core profit in line with market expectations of 21.3 million pounds

** "We have continued to successfully implement our system across Lookers' dealerships in the UK, made good progress towards US deployment with a pilot programme now underway," CEO Bill Berman says

** As of last close, stock down 32.5% YTD, while FTSC up 2.7%

($1 = 0.7399 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com))