The Pebble Group (AIM:PEBB), the AIM-listed provider of technology, products and services to the global promotional products industry, reported revenue of £60.7m for the six months ended 30 June, up from £58.6m a year earlier.
Earnings (adjusted EBITDA) rose to £6.6m from £6.2m, a slower pace of growth the company attributed to continued investment aimed at accelerating sustainable revenue growth at its Facilisgroup division.
Statutory operating profit fell to £1.4m from £2.8m, which the company said mainly reflects higher non-cash amortisation tied to past technology investment and share-based payment charges under its incentive plans.
"We are beginning to see the benefits of our recent investment decisions", said chief executive Chris Lee, adding that Facilisgroup has "materially strengthened our recurring revenue profile through entry into multi-year contracts" while Brand Addition "delivered profitable growth supporting significant shareholder returns".
Facilisgroup's revenue rose 7% in US dollars, with look-forward annual recurring revenue from technology subscription fees up 12% and contracted revenue visibility now extending to 22 months following new Partner agreements from 1 July. Brand Addition's revenue grew 4%, supported by 2025 contract wins gaining traction and high client retention.
The group returned £7.9m to shareholders in the period, against £5.2m a year earlier, completing a £7m share buyback programme on 30 July alongside a £3m dividend, taking total 2026 shareholder returns to £10m. Net debt stood at £1.2m at period end, against net cash of £6m a year earlier.
The board said it expects full-year results to be in line with market expectations, with Facilisgroup targeting double-digit revenue growth in the second half.
