Elixirr H1 Revenue Rises 25% to £89 Million as AI-Related Revenue Reaches £8.1 Million

Elixirr International (LSE:ELIX) reported a 25% increase in revenue to £89.0 million for the first half of 2026, supported by growth in artificial intelligence-related services and its broader consulting operations.

The consultancy said AI-related revenue rose 185% to £8.1 million from £2.8 million in the corresponding period last year. Organic revenue growth at constant currency was 5%.

Adjusted EBITDA increased 29% to £27.6 million, while the adjusted EBITDA margin expanded to 31.0% from 30.0% a year earlier.

Adjusted profit before tax rose 25% to £25.1 million, and adjusted diluted earnings per share increased 18% to 34.2 pence.

The company reported an increase in revenue from its existing client relationships, with 35 clients generating more than £1 million each during the period, compared with 31 a year earlier.

Cross-selling revenue increased 27% to £19 million, reflecting additional services provided to existing customers.

Chief Executive Stephen Newton said businesses are increasingly moving from evaluating the potential applications of artificial intelligence towards implementing the technology within their operations.

He also highlighted the company’s investment in consulting, AI, data and technology capabilities over the past six years.

“The scale of the opportunity ahead is significant. Industry research estimates that agentic AI alone could create up to $200 billion of new demand for technology services over the next five years. We have spent the last six years deliberately building our consulting, AI, data and technology capabilities to benefit from this shift,” he said.

The industry demand estimate cited by Newton relates specifically to agentic AI technology services and represents a forecast rather than contracted business for Elixirr.

The company continues to develop its AI-related consulting and technology services alongside its existing advisory operations.

Looking ahead, Elixirr expects total adjusted EBITDA for FY 26 will be in line with market expectations and revenue will be broadly in line.

The outlook follows first-half growth across revenue, adjusted earnings and AI-related services, with the company maintaining its existing full-year financial expectations.