Elixirr’s first-half revenue jumps 25% on strong AI demand

Elixirr International saw a significant 25% increase in first-half revenue to £89.0 million, largely fueled by a surge in demand for artificial intelligence solutions, according to its latest report. The AI-related revenue jumped 185% to £8.1 million, up from £2.8 million in the previous year. Organic growth at constant currency was recorded at 5%.

Adjusted EBITDA rose by 29% to £27.6 million, with the margin expanding to 31.0% from 30.0%. Adjusted profit before tax increased by 25% to £25.1 million, and adjusted diluted earnings per share rose 18% to 34.2p.

Elixirr's CEO, Stephen Newton, noted that businesses are rapidly transitioning from merely exploring the potential of artificial intelligence to finding ways to leverage it for operational transformation. He highlighted that the firm has spent six years investing in its consulting, data, and technology capabilities to capitalize on this shift in business strategy.

"The scale of the opportunity ahead is significant. Industry research estimates that agentic AI alone could create up to $200 billion of new demand for technology services over the next five years," Newton said.

The company strengthened its relationships with major clients, with 35 clients now generating over £1 million in revenue, up from 31 a year earlier. Cross-sell revenue rose 27% to £19 million. Looking ahead, Elixirr expects its adjusted EBITDA and revenue for the full year 2026 to be broadly in line with company-compiled market expectations.