PensionBee Group (LSE:PBEE) posted group revenue of £12.5m for the three months to 31 March, up 38% from £9.1m in Q1 2025.
The online retirement savings provider said assets under administration rose 29% year‑on‑year to £7.5bn and invested customers increased 15% to 315,000, while last‑twelve‑months revenue reached £46m and annual run‑rate revenue hit £51.6m.
Group adjusted EBITDA improved to a loss of £0.5m for the quarter from a £2m loss a year earlier and group LTM adjusted EBITDA strengthened to £2.5m from £0.5m, with a cash balance of £32.4m at period end.
In the UK the business generated £12.9m of revenue, achieved UK adjusted EBITDA profitability of £0.7m, onboarded 10,000 new invested customers, increased Q1 marketing spend to £4.7m and delivered a 23% productivity improvement to 1,683 invested customers per staff member following the launch of BeeBot.
In the US PensionBee invested £0.9m in marketing, ending the quarter with $4.1m of AUA while US adjusted EBITDA for the quarter was a £1.2m loss and the company said brand and B2B pipeline progress validates the market opportunity.
The company reiterated its revenue and profitability ambitions of greater than £100m of group revenue and a c.20% group adjusted EBITDA margin by year‑end 2029, and greater than £250m of revenue with c.50% margin by year‑end 2034.
Romi Savova, CEO, said: "We now serve 315,000 Invested Customers with £7.5 billion of AUA; group revenue grew 38% to £12.5m and UK adjusted EBITDA profitability for the quarter reflects the strength and scalability of our business."
