REG - Silver Bullet Data - Q1 Trading Update

Silver Bullet Data ServicesAnnouncement

15/04/2026 07:00

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RNS Number : 4568A  Silver Bullet Data Services Grp PLC  15 April 2026

15 April 2026

Silver Bullet Data Services Group plc

("Silverbullet" or the "Company", or, together with its subsidiaries, the
"Group")

Q1 Trading Update

EBITDA positive trading leading to cash flow generation

Silverbullet (AIM: SBDS), a provider of AI-driven digital transformation
services and products, is pleased to provide the following trading update. The
Company has made a positive start to the year, delivering strong growth across
the business following the implementation of its updated structure and
strategy. This has supported improved operational focus and enhanced client
delivery across key regions.

 

Revenue for Q1 2026 increased by 22% compared to Q1 2025, with performance
ahead of internal expectations at 9% above budget. This growth has been
achieved alongside improved margins, reflecting a continued focus on
higher-quality revenue and operational efficiency. The Company has seen
notable expansion within several key accounts, alongside increased renewal
rates across its broader client base, demonstrating the strength of its client
relationships and the value of its offering.

 

As recently reported, Silverbullet secured several new client wins during the
period, including a major European airline and a global marketing and
technology partner in the Asia-Pacific region, further strengthening its
international footprint.

 

Following the cost restructuring implemented at the end of 2025, the business
is well positioned to drive further productivity gains, including leveraging
artificial intelligence capabilities to enhance efficiency and scalability
across its operations.

 

The Company is pleased to report that it has achieved positive EBITDA in Q1
2026, marking the first reporting period that it has traded profitably. This
represents an improvement of £700,000 compared to the prior year period.
Management expects this positive EBITDA performance to continue and
anticipates the business will be cash flow positive from the end of Q2
onwards.

 

The Board remains confident in the Company's strategy and outlook for the year
ahead. Full year results for the year ended 31 December 2025, together with a
more in-depth trading update are expected to be issued by the end of H1 2026.

 

Commenting, Ian James, CEO of Silverbullet, said:

"Our strong start to 2026 reflects the impact of the structural and strategic
changes we made last year, delivering growth, improved margins and performance
ahead of expectations. It is encouraging to see expansion across key accounts,
higher renewals and new international client wins, reinforcing the strength of
our offering. Achieving positive EBITDA for the first time is a significant
milestone, and with our focus on efficiency and AI-driven productivity, we are
well positioned to sustain this momentum and deliver cash generation through
2026."

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019 ("UK MAR").

 

For further information please contact:

 Silverbullet                                             via IFC
 Ian James (CEO) / Chris Ellis (CFO)
 Strand Hanson Limited - Financial and Nominated Adviser  0207 409 3494
 James Spinney / James Bellman / Imogen Ellis
 Zeus Capital Limited - Joint Broker                      0203 829 5000
 Simon Johnson / Jake Walker
 Oberon Capital - Joint Broker                            020 3179 5300
 Mike Seabrook
 IFC Advisory                                             020 3934 6633
 Graham Herring / Tim Metcalfe
07793 839 024

 

About Silverbullet

Silverbullet's proprietary 4D AI advertising solution is designed to help
advertisers target consumers in a "privacy-first world". The product is a
natural extension to its existing services business which already serves a
blue-chip client base such as a leading UK hospitality brand and a Global
Brewing company, amongst many others.

Headquartered in London, the Group employs more than 85 data specialists
across five regions across the globe, including, the UK, Italy, Australia, USA
and Latin America. The Group continues to look at other opportunities for
expansion worldwide.

The Company has an established and growing solutions business with significant
accumulated industry experience and a proven track record of delivering
strategic digital transformation and activation services to its clients. Most
of the Board have held senior positions at global software companies and have
significant industry experience across data engineering, SaaS product
development and marketing.

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