AdvancedAdvT Limited (LSE:ADVT), the international software solutions provider focused on business solutions and compliance, reported a 13% increase in revenue to £28.8 million for the six months ended 31 August 2026, supported by growth in recurring revenue and improved operating profitability.
Adjusted EBITDA from operations increased by 17% to £8.4 million, exceeding management expectations, while reported operating profit rose to £8.2 million from £2.9 million in the corresponding period last year.
The company also reported a strong cash position of £95.2 million and confirmed the completion of its initial £10 million share buyback programme, followed by the launch of a further £10 million repurchase programme.
Recurring Revenue Reaches 83% of Group Sales
AdvancedAdvT generated revenue of £28.8 million during the first half, compared with £25.4 million a year earlier.
Recurring revenue increased to £23.8 million from £20.6 million, representing 83% of total revenue, compared with 81% in the previous year.
Adjusted EBITDA from operations rose to £8.4 million from £7.2 million, an increase of 17%, with the half-year performance ahead of management’s expectations.
The adjusted EBITDA margin improved to approximately 29.2%, compared with 28.3% in the prior-year period.
Reported operating profit increased to £8.2 million from £2.9 million. The company’s reported operating profit measure includes fair value gains or losses on financial assets measured at fair value through profit or loss.
Basic earnings per share increased to 5.99p from 2.17p, while basic earnings per share based on adjusted operating profit rose to 6.16p from 5.24p.
Cash Position Remains Strong at £95.2 Million
AdvancedAdvT reported cash balances of £95.2 million at 31 August 2026, compared with £96.2 million at the end of February 2026.
Cash conversion of adjusted EBITDA reached 134% during the period, reflecting cash generation relative to the company’s adjusted earnings measure.
The company continues to maintain substantial cash resources while investing in its software operations and evaluating potential acquisitions.
Management indicated that its financial position provides flexibility to pursue opportunities that complement its existing business and support longer-term growth.
Second £10 Million Share Buyback Programme Launched
AdvancedAdvT completed its £10 million share buyback programme in September 2026, following its launch in March.
At 31 August 2026, the company had completed £9.3 million of the programme, with the full repurchase programme subsequently completed at an average price of £1.63 per share.
Following completion, the Board approved and launched a further £10 million share buyback programme in September 2026.
The additional programme continues the company’s approach to returning capital to shareholders alongside investment in its operations and potential acquisition opportunities.
AI Investment and Business Integration Progress
AdvancedAdvT reported further progress in incorporating artificial intelligence and automation into its software products and internal operations.
The company said AI-related investment is producing customer-facing functionality, with capabilities already operating in live customer environments and additional features undergoing pilot testing.
The group also simplified its corporate structure during the period by integrating inSTREAM into its Integra business line.
Management said the changes are intended to support operational efficiency and further development of the group’s software platforms.
Management Highlights Growth and Acquisition Opportunities
AdvancedAdvT’s Executive Chairperson commented:
“We are pleased with the Group’s double-digit revenue and EBITDA growth in the first half, with the performance reflecting the mission-critical nature of our solutions and the progress we are making across the Group.
“We continue to invest in our products and platforms. AI and automation are now embedded in how the Group operates, with capabilities live in customer environments and further features being piloted.
“We have a strong financial position and remain focused on disciplined execution, while continuing to identify acquisition opportunities that complement the Group and enhance long-term growth.”
The company continues to focus on developing its software capabilities, maintaining recurring revenue growth and identifying acquisitions that could strengthen its position in the business solutions and compliance markets.
More About AdvancedAdvT Limited
AdvancedAdvT Limited is an international software solutions provider operating in the business solutions and compliance sectors.
The group develops and supplies software products and services, with a significant proportion of revenue generated from recurring customer relationships.
Its strategy combines investment in existing software platforms, including AI and automation capabilities, with the evaluation of complementary acquisition opportunities.
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