Ten Technologies Group expects to report record net revenue, profit, cash and active members for the year ended 31 August, building on a record prior year.
Net revenue is expected to rise 6% to approximately £69.7m for FY2026, up from £65.7m in FY2025, or 8% at constant currency. Adjusted EBITDA is expected to increase 10% to around £16.1m, up 20% at constant currency, with margin improving to approximately 23% from 22.2%, reflecting growing digital-only and digital-first usage across the group's member base.
Net cash rose to approximately £11.1m from £9.7m a year earlier, after one-off restructuring costs, with no long-term debt and its £5m revolving credit facility undrawn.
Adjusted free cash flow is expected to reach approximately £2.1m, up from £1.2m, as operational leverage improves.
Active members, individuals who have used the platform in the past 12 months, climbed 23% to 461,000 from 375,000, driven by rising adoption of Ten's digital channels.
The AIM-listed loyalty and concierge platform provider for financial institutions and premium brands secured new medium-sized contracts in the Americas during the second half, launched a digital lifestyle platform for over one million HSBC UK Premier customers, and rolled out a new wealth-focused programme in the Asia, Middle East and Africa region expected to grow into a large contract in FY2027.
"With increasing revenue visibility, a broader addressable market and a strong pipeline of new business opportunities, we see significant scope to deliver further profitable growth in the current year and beyond", said chief executive Alex Cheatle.
