FD Technologies pleased with full-year performance
FD Technologies reported a strong performance for the year ended 28 February on Tuesday, with adjusted EBITDA rising 27% to £6.5m and its cash EBITDA loss narrowing to £14.6m from £18.8m.
Annual recurring revenue increased 13% to £81.8m, driven by a 33% rise in annual contract value additions to £18m, as the company expanded its presence in financial services, semiconductors, and aerospace.
Despite the operational improvements, the group posted a widened statutory pre-tax loss from continuing operations of £29.1m, compared with £20.3m a year earlier.
Adjusted diluted losses per share were 48.9p, while reported losses per share stood at 94.2p.
Full-year revenue rose 2% to £80.7m.
The company ended the year with net cash of £55.1m, following the divestments of its MRP and First Derivative units and a £120m return of capital to shareholders.
FD said it was now focused solely on its KX data analytics platform, which the company said had exceeded $100m in annual recurring revenue for the first time.
The company is currently the subject of a recommended cash takeover by private equity firm TA Associates, via Kairos Bidco, valuing the group at 2,450p per share, or £570m.
Looking ahead, the firm said it expected annual recurring revenue growth of at least 20% in the 2026 financial year, and was targeting positive cash EBITDA in 2027.
“We made significant strategic and operational progress in the 2025 financial year,” said group chief executive officer Seamus Keating.
“With accelerating annual recurring revenue growth and better-than-expected operating leverage, KX delivered a strong performance based on good ongoing execution.
“Meanwhile, our strategic repositioning of the group during the period has unlocked significant shareholder value.”
At 1226 BST, shares in FD Technologies were down 0.21% at 2,420p.
Reporting by Josh White for Sharecast.com.