Ingenta

ING · AIM · Technology · mcap £10m · 66.0p

Ingenta provides publishing and content software and services, mostly on recurring contracts, to publishers and other content owners. It operates a Content division and a Commercial division.

Target	Promise	Said	Status
2024
31 Dec 2024	New customer implementations to yield about £0.5m of ARR in 2024.	28 May 2024	✗ Missed
	“New customer implementations in 2023 expected to yield approximately £0.5m of ARR in 2024” How it developed 28 May 2024 Said “New customer implementations in 2023 expected to yield approximately £0.5m of ARR in 2024” 28 Apr 2025 ✗ Missed “New customer implementations in 2024 expected to yield approximately £0.5m of ARR in 2025.” Result Interim results showed revenue down 11% on delayed project work; ARR at end-2025 was £8.9m against £8.7m in 2023, so the gain was far below £0.5m. “New customer implementations in 2024 expected to yield approximately £0.5m of ARR in 2025.”28 Apr 2025 · Final Results
31 Dec 2024	2024 results in line with expectations; EBITDA between £1.8m and £2.0m.	19 Jul 2024	✗ Missed · target changed
	“the Board expects to achieve EBITDA for the year ended 31 December 2024 between a range of £1.8m and £2.0m” Also stated 18 Sep 2024 How it developed 19 Jul 2024 Said “the Board with additional confidence that the Company's results for the current year will be in line with current expectations” 18 Sep 2024 ↻ Changed / dropped “year end EBITDA outcome now expected to be £1.8m-£2.0m.” 18 Sep 2024 Said “the Board expects to achieve EBITDA for the year ended 31 December 2024 between a range of £1.8m and £2.0m” 7 Feb 2025 ↻ Changed / dropped “the Group expects to report revenues for FY24 of £10.2m (2023: £10.8m) and EBITDA of £1.8m (2023: £2.2m).” Result September 2024 interim results came in below expectations and EBITDA guidance was reduced to £1.8-2.0m; FY24 EBITDA was £1.8m, in line with the new range. “year end EBITDA outcome now expected to be £1.8m-£2.0m.”18 Sep 2024 · Half-year Results “the Group expects to report revenues for FY24 of £10.2m (2023: £10.8m) and EBITDA of £1.8m (2023: £2.2m).”7 Feb 2025 · Trading Update
2025
31 Dec 2025	Maintain 2025 total dividend at 4.1p per share.	7 Feb 2025	✗ Missed · target changed
	“Subject to trading remaining in line with expectations, the Board intends to maintain the level of total dividends in 2025 at the current level of 4.1p per share” Also stated 28 Apr 2025 How it developed 7 Feb 2025 Said “the Board intends to retain the level of dividends for 2025 at the current level of 4.1p per share for the year” 28 Apr 2025 Said “Subject to trading remaining in line with expectations, the Board intends to maintain the level of total dividends in 2025 at the current level of 4.1p per share” 27 Apr 2026 ↻ Changed / dropped “Full year dividend increased by 10% to 4.5 pence (2024: 4.1 pence), with proposed final dividend of 2.75 pence per share (2024: 2.6 pence)” Result Interim dividend was raised to 1.75p in September 2025 and the full-year 2025 dividend came in at 4.5p, above the 4.1p level. “Full year dividend increased by 10% to 4.5 pence (2024: 4.1 pence), with proposed final dividend of 2.75 pence per share (2024: 2.6 pence)”27 Apr 2026 · Final Results
Today · 8 Nov 2026
2026
31 Dec 2026	Grow profitability from 2025 level in 2026.	22 Jan 2026	✗ Missed · target changed
	“the Company is expecting to deliver increased revenues in 2026 compared with 2025” Also stated 25 Jun 2026 How it developed 22 Jan 2026 Said “achieving growth in profitability from the 2025 level will to some extent be dependent on the speed with which new customers can be onboarded” 25 Jun 2026 Said “the Company is expecting to deliver increased revenues in 2026 compared with 2025” 23 Sep 2026 ↻ Changed / dropped “Adjusted EBITDA* £0.7m (H1 25: £0.9m)” Result June 2026 update expected lower EBITDA because of investment spending; H1 2026 EBITDA was £0.7m against £0.9m. “Adjusted EBITDA* £0.7m (H1 25: £0.9m)”23 Sep 2026 · Half-year Results