accesso Technology Group

ACSO · AIM · Technology · mcap £98m · 303.5p

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Financials · LTM to 30 Jun 26

Source: results 15 Sep 26 ↗

Revenue: £116m
Operating profit: £10.7m
Net income: £7.6m
Free cash flow: £18.1m
Net cash: £5.5m
Market cap: £101m
EV / EBIT: 9.0×
FCF yield: +17.9%
Price / book: 0.8×

Latest half-year · H1 26 vs H1 25 results 15 Sep 26 ↗

Revenue: £50.4m
Operating profit: £757k
Net income: £272k
Cash from operations: £3.4m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Latest interim Latest annual

Half-year Results, published 15 Sep 26 · read the announcement ↗

Consolidated statement of comprehensive income · for the six-month period ended 30 June 2026

	30 June 2026 Unaudited $000	30 June 2025 Unaudited $000	31 December 2025 Audited $000
Revenue	67,782	67,897	155,105
Cost of sales	(15,017)	(14,724)	(33,310)
Gross profit	52,765	53,173	121,795
Administrative expenses	(51,747)	(51,812)	(107,367)
Operating profit before exceptional items	2,297	1,306	14,512
Exceptional expenditure	(1,279)	55	(84)
Operating profit	1,018	1,361	14,428
Finance expense	(935)	(697)	(1,360)
Finance income	197	1,208	1,253
Profit before tax	280	1,872	14,321
Income tax credit / (charge)	86	(507)	(3,336)
Profit for the period	366	1,365	10,985
Other comprehensive income
Items that will be reclassified to income statement
Exchange differences on translating foreign operations	(978)	4,184	3,809
	(978)	4,184	3,809
Total comprehensive income	(612)	5,549	14,794
All loss and comprehensive loss is attributable to the owners of the parent
Earnings per share expressed in cents per share
Basic	1.07	3.39	27.96
Diluted	1.04	3.32	27.00

Consolidated statement of financial position as at 30 June 2026

	30 June 2026 Unaudited $000	30 June 2025 Unaudited $000	31 December 2025 Audited $000
Assets
Non-current assets
Intangible assets	171,672	165,610	163,442
Property, plant and equipment	800	843	906
Right of use assets	1,377	1,381	1,078
Contract assets	599	757	855
Deferred tax assets	12,069	15,131	12,123
	186,517	183,722	178,404
Current assets
Inventories	109	132	118
Contract assets	4,946	6,091	3,981
Trade and other receivables	27,431	30,705	28,846
Income tax receivable	3,157	2,266	2,917
Cash and cash equivalents	33,177	35,571	41,374
	68,820	74,765	77,236
Liabilities
Current liabilities
Trade and other payables	28,365	28,614	28,411
Lease liabilities	487	547	458
Contract liabilities	7,657	5,279	6,868
Corporation tax payable	5,946	5,325	4,805
	42,455	39,765	40,542
Net current assets	26,365	35,000	36,694
Non-current liabilities
Deferred tax liabilities	7,730	7,188	6,607
Contract liabilities	284	490	325
Other non-current liabilities	522	432	464
Lease liabilities	906	874	701
Borrowings	25,852	10,148	10,876
	35,294	19,132	18,973
Total liabilities	77,749	58,897	59,515
Net assets	177,588	199,590	196,125
Shareholders' equity
Called up share capital	489	582	554
Share premium	154,536	154,536	154,536
Retained earnings	8,325	29,311	30,210
Merger reserve	19,641	19,641	19,641
Translation reserve	(1,404)	(50)	(426)
Own shares held in trust	(4,121)	(4,459)	(8,447)
Capital redemption reserve	122	29	57
Total shareholders' equity	177,588	199,590	196,125

Consolidated statement of cash flows · for the six-month period ended 30 June 2026

	30 June 2026 Unaudited $000	30 June 2025* Unaudited $000	31 December 2025 Audited $000
Cash flows from operations
Profit for the period	366	1,365	10,985
Adjustments for
Depreciation (excluding finance leased assets)	279	302	577
Depreciation on leased assets	278	312	617
Amortisation on acquired intangibles	1,864	1,676	3,362
Amortisation on development costs and other intangibles	1,704	995	2,756
Loss / (Gain) on disposal of fixed assets	1	(9)	(2)
Share-based payments	2,183	2,019	4,245
Movement on bad debt provision	459	184	127
Gain on disposal of subsidiary	-	(164)	(164)
Finance expense	935	697	1,360
Finance income	(197)	(1,208)	(1,253)
Foreign exchange loss	64	546	302
Income tax charge	(86)	507	3,336
RDEC Tax credits	-	-	(117)
Operating cashflow before movement in working capital	7,850	7,222	26,131
Decrease in inventories	9	25	38
Decrease in trade and other receivables	629	8,972	11,375
(Increase) in contract assets*	(835)	(3,236)	(1,231)
Increase / (Decrease) in contract liabilities*	102	(2,113)	(712)
(Decrease) in trade and other payables	(2,828)	(3,171)	(3,383)
Cash generated from operations	4,927	7,699	32,218
Tax paid	(321)	(1,240)	(2,684)
Net cash inflow from operating activities	4,606	6,459	29,534
Cash flows from investing activities
Acquisition of Dexibit, net of acquired cash	(5,441)	-	-
Acquisition of Boxer Consulting Limited	-	(114)	(114)
Purchase of 1RISK Intellectual Property	-	(4,000)	(4,000)
Proceeds from disposal of Brazilian subsidiary (net of cash disposed)	-	152	16
Capitalised internal development costs	(1,021)	(1,545)	(3,050)
Purchase of intangible assets	-	(263)	(480)
Purchase of property, plant and equipment	(172)	(246)	(585)
Proceeds from sale of property, plant and equipment	6	4	7
Interest received	196	302	546
Net cash used in investing activities	(6,432)	(5,710)	(7,660)
Cash flows from financing activities
Purchase of own shares held in trust	-	-	(4,053)
Purchase of own shares for cancellation	(20,108)	(4,985)	(15,911)
Interest paid	(613)	(422)	(960)
Payments on property lease liabilities	(376)	(394)	(712)
Proceeds from borrowings	20,165	2,000	8,072
Repayments of borrowings	(5,250)	(6,000)	(11,500)
Net cash (used in) from financing activities	(6,182)	(9,801)	(25,064)
(Decrease) in cash and cash equivalents in the period	(8,008)	(9,052)	(3,190)
Cash and cash equivalents at beginning of year	41,374	42,769	42,769
Exchange (loss) / gain on cash and cash equivalents	(189)	1,854	1,795
Cash and cash equivalents at end of period	33,177	35,571	41,374

Final Results, published 30 Mar 26 · read the announcement ↗

Consolidated statement of comprehensive income · for the financial year ended 31 December 2025

	2025 $000	2024 (Restated)* $000
Revenue	155,105	152,291
Cost of sales	(33,310)	(33,283)
Gross profit	121,795	119,008
Administrative expenses*	(107,367)	(107,130)
Operating profit before exceptional items	14,512	12,005
Acquisition, integration and disposal-related expenditure	(84)	(127)
Operating profit	14,428	11,878
Finance expense	(1,360)	(2,319)
Finance income	1,253	839
Profit before tax	14,321	10,398
Income tax expense	(3,336)	(2,598)
Profit for the period	10,985	7,800
Other comprehensive income
Items that will be reclassified to income statement
Exchange differences on translating foreign operations	3,809	(1,789)
	3,809	(1,789)
Total comprehensive income	14,794	6,011
All profit and comprehensive income is attributable to the owners of the parent
Earnings per share expressed in cents per share
Basic*	27.96	19.21
Diluted*	27.00	18.74

Consolidated statement of financial position · as at 31 December 2025

	$000	$000
Assets
Non-current assets
Intangible assets	163,442	159,639
Property, plant and equipment	906	882
Right of use assets	1,078	1,341
Contract assets	855	763
Deferred tax assets	12,123	15,039
	178,404	177,664
Current assets
Inventories	118	152
Contract assets	3,981	2,805
Trade and other receivables	28,846	38,327
Income tax receivable	2,917	1,662
Cash and cash equivalents	41,374	42,769
	77,236	85,715
Liabilities
Current liabilities
Trade and other payables	28,411	30,325
Lease liabilities	458	529
Contract liabilities	6,868	7,265
Income tax payable	4,805	5,463
	40,542	43,582
Net current assets	36,694	42,133
Non-current liabilities
Deferred tax liabilities	6,607	7,155
Contract liabilities	325	492
Other non-current liabilities	464	365
Lease liabilities	701	893
Borrowings	10,876	14,053
	18,973	22,958
Total liabilities	59,515	66,540
Net assets	196,125	196,839
Shareholders' equity
Called up share capital	554	592
Share premium	154,536	154,370
Retained earnings	30,210	31,797
Merger relief reserve	19,641	19,641
Translation reserve	(426)	(4,235)
Own shares held in trust	(8,447)	(5,345)
Capital Redemption Reserve	57	19
Total shareholders' equity	196,125	196,839

Consolidated statement of cash flow · for the financial year ended 31 December 2025

	2025 $000	2024 (Restated)* $000
Cash flows from operations
Profit for the period*	10,985	7,800
Adjustments for
Depreciation (excluding leased assets)	577	863
Depreciation on leased assets	617	613
Amortisation on acquired intangibles	3,362	4,212
Amortisation on development costs and other intangibles	2,756	2,783
Gain on disposal of property, plant and equipment	(2)	(5)
Share-based payment*	4,245	4,988
Movement on bad debt provision	127	454
Gain on disposal of Brazilian subsidiary	(164)	-
Finance expense	1,360	2,319
Finance income	(1,253)	(839)
Foreign exchange gain	302	(44)
Income tax expense	3,336	2,598
RDEC tax credits	(117)	-
	26,131	25,742
Decrease in inventories	38	962
Decrease/(Increase) in trade and other receivables	11,375	(8,932)
(Increase)/decrease in contract assets**	(1,231)	518
(Decrease) in contract liabilities**	(712)	(402)
(Decrease) in trade and other payables	(3,383)	(3,089)
Cash generated from operations	32,218	14,799
Tax paid	(2,684)	(2,747)
Net cash inflow from operating activities	29,534	12,052
Cash flows from investing activities
Acquisition of Boxer Consulting Limited	(114)	(96)
Purchase of 1RISK Intellectual Property	(4,000)	-
Proceeds from disposal of Brazilian subsidiary (net of cash disposed)	16	-
Capitalised internal development costs	(3,050)	(2,633)
Purchase of intangible assets	(480)	-
Purchase of property, plant and equipment	(585)	(420)
Proceeds from sale of property, plant and equipment	7	8
Interest received	546	791
Net cash (used in) investing activities	(7,660)	(2,350)
Cash flows from financing activities
Share issue	-	3
Purchase of shares held in trust	(4,053)	-
Purchase of own shares for cancellation	(15,911)	(8,094)
Interest paid	(960)	(1,674)
Payments on property lease liabilities	(712)	(1,000)
Proceeds from property lease receivables	-	161
Cash paid to refinance	-	(44)
Proceeds from borrowings	8,072	-
Repayments of borrowings	(11,500)	(6,500)
Net cash (utilised in) financing activities	(25,064)	(17,148)
(Decrease) in cash and cash equivalents	(3,190)	(7,446)
Cash and cash equivalents at beginning of year	42,769	51,814
Exchange gain/(loss) on cash and cash equivalents	1,795	(1,599)
Cash and cash equivalents at end of year	41,374	42,769

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 15 Sep 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Revenue to operating profit
Revenue	115.7	117.7	119.2
Gross profit	90.6	92.4	93.1
Adjusted operating profit	11.7	11.0	9.4
Exceptional / adjusting items	(1.1)	(0.1)	(0.1)
Operating profit	10.7	11.0	9.3
Depreciation (owned assets)	0.4	0.4	0.7
Depreciation (right-of-use)	0.4	0.5	0.5
Share-based payments	3.3	3.2	3.9
Operating profit to net income
Finance costs	(1.2)	(1.0)	(1.8)
Profit before tax	9.6	10.9	8.1
Tax	(2.1)	(2.5)	(2.0)
Net income (owners)	7.6	8.3	6.1
Per share
EPS basic	19.1p	20.8p	15.3p
EPS diluted	18.4p	20.0p	14.9p

	H1 26	vs H1 25	H2 25	H1 25
Revenue to operating profit
Revenue	50.4	−4%	65.3	52.4
Gross profit	39.2	−4%	51.4	41.0
Adjusted operating profit	1.7	+69%	10.0	1.0
Exceptional / adjusting items	(1.0)	n/m	(0.1)	0.0
Operating profit	0.8	−28%	9.9	1.1
Depreciation (owned assets)	0.2	−11%	0.2	0.2
Depreciation (right-of-use)	0.2	−14%	0.2	0.2
Share-based payments	1.6	+4%	1.7	1.6
Operating profit to net income
Finance costs	(0.7)	+29%	(0.5)	(0.5)
Profit before tax	0.2	−86%	9.4	1.4
Tax	0.1	n/m	(2.1)	(0.4)
Net income (owners)	0.3	−74%	7.3	1.1
Per share
EPS basic	0.8p	–	18.3p	2.5p
EPS diluted	0.8p	–	17.6p	2.4p

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	20.9	22.4	9.4
Interest paid	(0.9)	(0.7)	(1.3)
Tax paid	(1.3)	(2.0)	(2.1)
Investing activities
Capex (PP&E)	(0.4)	(0.4)	(0.3)
Capex (intangibles)	(1.9)	(2.3)	(2.1)
Financing activities
Lease principal paid	(0.5)	(0.5)	(0.8)
Share buybacks	(23.2)	(12.1)	(6.3)
Shares issued	–	–	0.0

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	3.4	−31%	17.4	5.0
Interest paid	(0.5)	+40%	(0.4)	(0.3)
Tax paid	(0.2)	−75%	(1.1)	(1.0)
Investing activities
Capex (PP&E)	(0.1)	−33%	(0.3)	(0.2)
Capex (intangibles)	(0.8)	−36%	(1.1)	(1.2)
Financing activities
Lease principal paid	(0.3)	−8%	(0.2)	(0.3)
Share buybacks	(15.0)	+289%	(8.2)	(3.8)

	Latest Jun 26	FY 25	FY 24
Non-current assets
Property, plant & equipment	0.6	0.7	0.7
Current assets
Inventories	0.1	0.1	0.1
Trade receivables	20.7	21.4	30.5
Cash	25.0	30.7	34.1
Current assets	51.9	57.4	68.3
Current liabilities
Trade payables	21.4	21.1	24.2
Lease liabilities, current	0.4	0.3	0.4
Current liabilities	32.0	30.1	34.7
Non-current liabilities
Borrowings, non-current	19.5	8.1	11.2
Lease liabilities, non-current	0.7	0.5	0.7
Non-current liabilities	26.6	14.1	18.3
Total liabilities	58.7	44.2	53.0
Equity
Total equity	134.0	145.6	156.9
Net cash and other figures
Net cash / (debt) ex leases	5.5	22.6	22.9

	H1 26	H2 25	H1 25	H2 24
Non-current assets
Property, plant & equipment	0.6	0.7	0.6	0.7
Current assets
Inventories	0.1	0.1	0.1	0.1
Trade receivables	20.7	21.4	22.4	30.5
Cash	25.0	30.7	25.9	34.1
Current assets	51.9	57.4	54.5	68.3
Current liabilities
Trade payables	21.4	21.1	20.9	24.2
Lease liabilities, current	0.4	0.3	0.4	0.4
Current liabilities	32.0	30.1	29.0	34.7
Non-current liabilities
Borrowings, non-current	19.5	8.1	7.4	11.2
Lease liabilities, non-current	0.7	0.5	0.6	0.7
Non-current liabilities	26.6	14.1	13.9	18.3
Total liabilities	58.7	44.2	42.9	53.0
Equity
Total equity	134.0	145.6	145.5	156.9
Net cash and other figures
Net cash / (debt) ex leases	5.5	22.6	18.5	22.9

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.