ActiveOps flags strong full-year trading performance

21st Apr 2026 14:53

(Sharecast News) - ActiveOps reported a strong full-year trading performance for the 2026 financial year on Tuesday, with revenue growth ahead of market expectations, improved retention metrics and continued cash generation, as the group expanded its customer base and scaled its platform.

The AIM-traded company said revenue for the year ended 31 March was expected to rise 48% to £45.0m from £30.5m, driven by expansion within existing accounts, new customer wins and the contribution from the acquisition of Enlighten in June.

Organic revenue growth was 28%, or 31% on a constant currency basis, with organic SaaS revenues up around 21% and Training and Implementation revenues increasing by about 81%.

Net revenue retention improved to 119% from 106% a year earlier, reflecting expansion into new divisions within existing customers and upgrades to higher-tier platform offerings.

Organic annual recurring revenue increased 25% to £35.6m, while total group ARR rose to £41.5m, including a £5.9m contribution from Enlighten.

Adjusted EBITDA was expected to be approximately £4.2m, up from £2.5m in the 2025 financial year and slightly ahead of market expectations, despite £3.0m of exceptional costs related to the Enlighten acquisition.

Period-end cash stood at around £23.6m, compared with £20.6m a year earlier, with the group remaining debt free.

ActiveOps also strengthened its balance sheet post period end through the sale of trademarks in the UK, US, Australia and the EU for $10.0m in cash, with no associated transfer of products or customers.

The board said it would update the market on the use of proceeds alongside the full-year results on 2 July.

ActiveOps noted that while the integration of Enlighten was progressing ahead of schedule, with £1.2m of restructuring costs expected to deliver around £3.0m in annualised savings, a customer recently indicated its intention to terminate its contract.

That, it said, would reduce anticipated Enlighten ARR in the 2027 and 2028 financial years, although the impact was expected to be offset by a reduction of around £3.5m in deferred consideration payable, leaving overall earnings accretion broadly unchanged.

Operationally, ActiveOps said it secured nine new customer wins during the year and added around 15,000 users to its Decision Intelligence platform.

It also continued to expand within existing clients, including a major contract that delivered a 47% uplift in ARR after previously signalling reduced usage.

The company said development of its ControliQ Series 5 platform was progressing, with a broader rollout planned from summer 2026.

"I am delighted to report on a strong performance in 2026, particularly against the ongoing challenging macroenvironment, demonstrating the strength and resilience of our growth engine," said executive chair Richard Jeffery.

"We have continued to expand our customer base, becoming deeply embedded within the operations of some of the world's largest, and most highly regulated organisations.

"The organisational investment we have undertaken in the last few years has strengthened our foundations, and with a robust balance sheet and powerful offerings, we believe we are well placed to build on this progress in the year ahead."

At 1417 BST, shares in ActiveOps were down 6.72% at 192.15p.

Reporting by Josh White for Sharecast.com.

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