LONDON (ShareCast) - (Sharecast News) - Accesso Technology Group posted a small decline in revenue in the first half of 2025 on Tuesday, as extreme heat in key markets weighed on attendance and transactions during June, though stronger summer trading since has underpinned confidence in meeting full-year targets.
Group revenue slipped 1.9% year-on-year to $67.9m in the six months ended 30 June, with growth in ticketing and distribution, up 2.5% to $53.1m, offset by a 21.2% fall in guest experience revenues to $10.4m.

Professional services increased 4.8% to $4.4m.

Gross profits edged 0.9% higher to $53.2m, lifting gross margin to 78.3%.

Cash EBITDA dropped 21.9% to $5.1m, while the statutory profit before tax surged to $1.9m from $0.3m.

Net cash strengthened 39% to $25.4m.

Adjusted basic earnings per share rose 16.2% to 10.05 cents, while basic earnings per share climbed more than fivefold to 3.39 cents.

The company highlighted a $1m currency loss within admin costs, compared with a $0.4m loss a year earlier, reflecting currency volatility.

"The first half of 2025 was defined by two distinct phases," said chief executive Steve Brown.

"We began the year in line with our expectations, as our customers worked to boost venue attendance in the face of challenging macroeconomic conditions.

"We saw robust transactional volumes, strong client engagement, and encouraging early signs from our enhanced commercial strategy."

Brown said that in June, extreme heat in several key markets coincided with the start of the firm's busy summer trading period.

"This reduced attendance and transaction volumes across much of our customer base.

"Despite benefits from increasing strength in our Professional Services revenue stream and a material one-off upgrade project for a key customer, we felt it prudent to narrow our growth expectation towards the lower end of our full year guidance range."

Brown added that Accesso had "demonstrated resilience and increased the underlying health of our business," citing the strengthened commercial strategy, wider adoption of Accesso Freedom, and the acquisition of 1RISK's waiver and incident management technology.

He also pointed to growing use of artificial intelligence.

"Internally, we are deploying AI to sharpen delivery, streamline commercial processes, and accelerate product development.

"Externally, we are embedding AI-enabled features directly into our solutions, such as chat-based ordering for Accesso Passport and Accesso Freedom, which will be showcased later this year."

With improved trading in July and August, Brown said the group "remain[s] confident in delivering on our refined revenue and profit expectations for the year," while its strategy "centred on operational excellence and commercial execution, positions us to re-accelerate growth as market conditions normalise".

At 0808 BST, shares in Accesso Technology Group were down 0.56% at 430.59p.

Reporting by Josh White for Sharecast.com.

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