Accesso Technology Group (LSE:ACSO) reported modest revenue growth in 2025, with sales rising to $155.1 million while profitability improved significantly. Statutory profit before tax increased by nearly 38%, and adjusted earnings per share climbed more than 15%. Although transactional revenue softened due to weaker discretionary consumer spending, the company benefited from strong demand for professional services, tight cost management and an improved net cash position.
Operationally, Accesso secured 43 new venue contracts during the year and saw strong adoption of its accesso Freedom platform, expanding its software-as-a-service footprint and reinforcing its base of recurring revenue. The company also accelerated the integration of artificial intelligence across its operations and product development roadmap. Efficiency measures included a reduction in headcount, while shareholder returns were strengthened through share buybacks and a tender offer completed after the year-end.
The group also pointed to changes within its virtual queuing portfolio. While one major LoQueue customer was lost, the impact was partly offset by extended and expanded agreements with another key client, highlighting the resilience of its diversified platform. On the leadership front, long-serving CEO Steve Brown announced plans to step down following a structured succession process. Chief Operating Officer Lee Cowie is expected to assume the role of CEO in May 2026, ensuring strategic continuity as the company enters its next phase of growth.
The company’s outlook is supported by improving margins, a low-leverage balance sheet and generally strong cash conversion, alongside a reasonable price-to-earnings valuation. However, technical indicators remain weak, with the share price trading well below major moving averages and showing negative momentum. Management commentary was mixed but broadly constructive, pointing to a stronger pipeline and ongoing strategic initiatives despite near-term softness in some segments and continued cost pressures.
More about accesso Technology
Accesso Technology Group is a UK-listed provider of technology solutions for attractions and entertainment venues worldwide, including theme parks, cultural attractions and leisure operators. Its product suite includes ticketing systems, virtual queuing technology, e-commerce platforms and SaaS offerings such as accesso Freedom. The company is increasingly focused on incorporating AI-driven analytics and tools to enhance guest commerce and improve operational efficiency for venue operators.
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