accesso Technology Group (LSE:ACSO) said it now expects full-year 2025 revenue to be modestly ahead of market forecasts at around $155 million, supported by tight cost discipline and a higher contribution from service revenues, which helped offset weaker transaction volumes during the summer period.
The group indicated that cash EBITDA margins are approaching 15%, with cash EBITDA broadly unchanged year on year. accesso ended the year with net cash of $30 million, reinforcing the strength of its balance sheet. Alongside the trading update, the company announced its intention to launch a tender offer of up to £14.5 million at £3.00 per share, following the completion of a buyback representing approximately 7% of issued equity. Management said the capital return reflects confidence in both the company’s financial position and its underlying valuation.
Trading conditions remained challenging through 2025, and accesso confirmed that a major customer has chosen not to renew a significant software contract beyond 31 January 2026. Despite this, the group said it has resized its cost base, retained momentum with another large customer, and continues to invest selectively in growth initiatives. Based on current visibility, management expects performance in 2026 to align with existing market expectations, highlighting a focus on resilience, disciplined investment and ongoing shareholder returns.
From a broader perspective, the outlook is underpinned by improving margins, low leverage and generally solid cash conversion, alongside a reasonable earnings valuation. These positives are counterbalanced by weak technical indicators, with the share price trading well below key moving averages. Management commentary was mixed but cautiously constructive, pointing to a stronger sales pipeline and strategic progress despite near-term softness in certain segments and ongoing cost pressures.
More about accesso Technology Group
accesso Technology Group is a UK-listed provider of patented, award-winning technology solutions for the leisure, entertainment and cultural attractions markets. Its products include ticketing, point-of-sale systems, virtual queuing, distribution and experience management software. Serving more than 1,100 venues across 33 countries, the group focuses on helping operators streamline operations, grow transaction-based revenues and enhance guest experiences, supported by sustained investment in research and development and deep sector expertise.
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