Personal Group Delivers Earnings Beat as Double-Digit Growth Drives Recurring Income

Personal Group Holdings (LSE:PGH) reported a strong trading performance for 2025, with revenue rising 11% to around £48.4 million and adjusted EBITDA climbing 21% to approximately £12.1 million. The results came in ahead of market expectations, supported by growth across all operating divisions and a continued expansion in high-quality recurring revenues.

The company pointed to particularly solid momentum in its insurance and benefits activities. Insurance annualised premium income increased by 12% to £40.5 million, while annual recurring revenue from the benefits platform rose 6% to £7.1 million. New insurance sales reached a record £15.4 million during the year, reflecting both strong customer demand and the effectiveness of the group’s distribution model. Personal Group ended the period with a robust balance sheet, holding roughly £29 million in cash and no debt, providing flexibility to invest in growth initiatives and pursue its longer-term financial targets through to 2030.

From an investment perspective, the group’s outlook is supported by healthy profitability and cash generation, which contribute positively to its overall financial profile. Share price technicals suggest a stable trading pattern with a mild upward bias, while valuation measures point to a reasonable earnings multiple alongside an attractive dividend yield. Recent corporate developments, while not a core driver of the outlook, further underline strategic progress and continuity in leadership.

More about Personal Group Holdings

Personal Group Holdings is a UK-based provider of workforce benefits and insurance solutions, focused on delivering affordable protection products and employee engagement services. Its offering includes hospital, recovery and death benefit insurance, complemented by the Hapi digital benefits platform, which aggregates employee benefits, discounts and rewards. The platform also supports white-labelled solutions, including Sage’s SME employee benefits proposition. Headquartered in Milton Keynes, the group has over 40 years of industry experience and serves more than one million UK employees across a broad, blue-chip client base spanning retail, transport, healthcare and public sector organisations.