Eagle Eye Solutions (LSE:EYE) reported a 31% increase in annual recurring revenue excluding the NRS contract to £44.5 million for the year ended 30 June 2026, according to its audited full-year results.
SaaS revenue excluding NRS also increased 31%, with recurring SaaS revenue accounting for 85% of group revenue. The company had previously lost the NRS contract.
Year-end net cash increased 31% to £16.1 million.
Eagle Eye Secures 13 Major Customer Wins
Eagle Eye reported 13 major customer wins across three continents during the financial year, including new airline and global brand customers.
New annual recurring revenue generated in the US increased six-fold to £2.7 million. The company’s global OEM partnership also moved into commercial deployment during the period.
Revenue from EagleAI, the group’s AI-based offering, increased 35% to £7.8 million.
Eagle Eye said margins improved during the second half of the financial year. Management expects the company to return to double-digit revenue and EBITDA growth in FY27.
The group is also targeting medium-term revenue of £100 million and an EBITDA margin of 30%. These figures remain management targets rather than forecasts of achieved performance.
Eagle Eye Solutions Operations
Eagle Eye provides cloud-based loyalty and promotions technology for customers across sectors including retail, grocery, hospitality and travel.
Its API-based platform is used to deliver personalised offers and manage loyalty programmes. According to the company, its technology currently executes more than 1.8 billion offers each week and manages over 810 million loyalty wallets.
The group’s products include loyalty and promotions capabilities alongside EagleAI, which applies artificial intelligence to customer personalisation.
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