Trading Update and Appointment of Joint Broker
Elixirr International PLC reported strong first-half 2026 performance, with revenue reaching £89.0 million, a 25% increase over the prior year, despite a weakening USD/GBP exchange rate. Adjusted EBITDA grew by 29% to £27.6 million, and the Adjusted EBITDA margin improved to 31.0%. The company experienced significant growth in AI-related services, driven by demand for commercial transformation and technology solutions. To support its expansion, particularly in the US market, Elixirr has appointed Canaccord Genuity Limited as a joint corporate broker, working alongside Cavendish Capital Markets.
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Elixirr International plc (ELIX.L), an established global, award-winning challenger consultancy, is pleased to provide a trading update following the end of the six-month period ended 30 June 2026 ("H1 26").
In its annual results announcement on 20 April 2026, the Board confirmed that Q1 2026 was a record revenue quarter for the Group. Q2 2026 also delivered record quarterly revenue, resulting in H1 26 revenue of £89.0m, up 25% on H1 25 despite a 4% weakening in the USD/GBP exchange rate compared to the comparable period.
H1 26 Adjusted EBITDA increased 29% to £27.6m, while the Adjusted EBITDA margin improved by 100bps to 31.0% (H1 25: 30.0%).
Across the period the Group continued to see strong demand for commercial transformation and technology services, with further, significant growth in AI-related revenue.
The Group will announce its interim results for the six months ended 30 June 2026 on 21 September 2026.
Elixirr also announces the appointment of Canaccord Genuity Limited as joint corporate broker to support its continued expansion, including in the US market and for visibility with North American investors. Canaccord will work alongside Cavendish Capital Markets with immediate effect.
Commenting on demand for AI services, Stephen Newton, Founder & CEO, said, "Following more than 260% growth in AI-related revenue in FY 25, we have continued to see strong demand for our AI consulting services in H1 26. External industry research estimates that agentic AI could generate up to $200 billion of net new demand for technology services over the next five years and identifies businesses that help clients adopt, deploy and scale AI as 'AI enablers', a group positioned to benefit primarily through revenue growth. Following our deliberate growth strategy over the past 6 years in consulting, AI, data and technology, we remain perfectly positioned to take a lead in this AI enabler group."
He added, "We are now actively supporting clients as they move from experimentation to scaled deployment. For example, we have supported one of our multinational clients in launching a new 'AI-native' business in under 6 months, with the build of a new technology platform that will have 95%+ automation and reduce the cost to serve by over 60%. We expect similar demand to continue to accelerate and Elixirr is well positioned to capture this expanding market opportunity. Delivering more revenue and EBITDA in H1 26 than we did in full year FY 23 shows just how fast we are growing."
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