Ingenta (AIM:ING) shares fell, down 6.2% to 100.8p, after reporting 2025 results that management described as 'encouraging'.
Group revenue rose marginally to £10.3m in the year to 31 December 2025 from £10.2m a year earlier, and annual recurring revenue increased to £9.1m, representing 89% of total revenue (2024: £8.9m, 87%).
Adjusted EBITDA declined to £1.6m (2024: £1.8m) reflecting higher sales and marketing spend, operating cash inflows were £1.7m (2024: £1.7m) and reported net profit increased to £1.7m (2024: £1.3m).
Adjusted earnings per share were 10.2p (2024: 11.7p) while basic reported EPS was 12.0p (2024: 8.8p).
The Group finished the year debt free with cash of £4.7m (2024: £3.6m) and the Board proposed a 10% higher full‑year dividend of 4.5p per share, including a final dividend of 2.75p subject to AGM approval.
Ingenta Commercial revenues rose to £7.5m (2024: £7m) while Ingenta Content fell to £2.8m (2024: £3.2m), with a new Belgian customer secured on the Content platform worth €450k over five years.
Management said it had significantly increased sales and marketing investment in 2025, is continuing sales recruitment and expects a growing pipeline to deliver deals awarded in early 2026 and material revenue opportunities over the next three years.
"The results posted here are an encouraging sign of the operational efficiency of the business and why the investment in sales should help accelerate growth and profitability in future years," said Scott Winner, Chief Executive Officer.
The final dividend, subject to shareholder approval at the AGM, is payable on 30 June with an ex‑dividend date of 28 May and record date of 29 May, and the company said further guidance will follow after the AGM.
