{
  "id": 10901534,
  "title": "Pinewood H1 FY26 slides: 18% revenue growth as US rollout nears",
  "url": "https://urgent.news/2026/09/30/pinewood-h1-fy26-slides-18-revenue-growth-as-us-rollout-nears",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T08:52:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/pinewood-h1-fy26-slides-18-revenue-growth-as-us-rollout-nears-93CH-4924353"
  },
  "original_language": "en",
  "account": "Pinewood Technologies Group PLC released its first half of fiscal year 2026 results on September 30, 2026, demonstrating a 18.4% year-over-year increase in underlying revenue to £23.2 million. The growth was fueled by new customer acquisitions, heightened usage from existing clients, and the full six-month impact of the March 2025 Seez acquisition. Underlying gross profit rose 16.5% to £19.8 million, while underlying EBITDA climbed 11.4% to £8.8 million. Notably, the company reported a net customer churn of -0.7%, indicating existing customers expanding their usage, a positive sign for the SaaS business model. While recurring revenue accounted for 84.5% of total revenue, a slight decline from 85.7% in the previous year, it remains a strong indicator of revenue predictability. The company's focus on growth, particularly in North America, saw increased capital expenditure of £8.0 million, alongside a £6.4 million investment in product development for North American OEM integrations. Despite these investments, Pinewood maintained a robust cash position of £23.9 million, bolstered by a £10 million undrawn revolving credit facility. The company's strategic priorities, as outlined during the presentation, include North America as the primary near-term catalyst.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Pinewood H1 FY26 slides: revenue rises 18% as Lithia rollout nears",
        "url": "https://urgent.news/2026/09/30/pinewood-h1-fy26-slides-revenue-rises-18-as-lithia-rollout-nears",
        "published": "2026-09-30T08:50:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}