Pinewood Technologies Group (LON:PINE) Posts Quarterly Earnings Results

Key Points

• First-half revenue increased 18.4% to £23.2 million, while underlying EBITDA rose 11.4% to £8.8 million, driven by new customers, upselling and Seez’s contribution.
• Recurring revenue remained about 85% of total revenue, and negative net customer churn indicated growing usage among existing customers. Pinewood also remains on track to begin deploying its platform at Lithia’s U.S. dealerships in Q4 2026.
• Cash from operations fell sharply to £1.9 million, with £8.0 million in capital expenditure contributing to a £10.4 million cash decline. Shareholders nevertheless approved Ridgeview Partners’ £4.48-per-share acquisition offer, expected to close between October 9 and 23.

Pinewood Technologies Group (LON:PINE - Get Free Report) issued its earnings results on Wednesday. The company reported GBX (6.70) EPS for the quarter, Digital Look Earnings reports. Pinewood Technologies Group had a net margin of 124.20% and a return on equity of 35.39%.

Here are the key takeaways from Pinewood Technologies Group's conference call:

• H1 revenue rose 18.4% to £23.2 million, while underlying EBITDA increased 11.4% to £8.8 million, supported by new customers, upselling and a full-period contribution from Seez.
• Net customer churn was negative, indicating increased usage among existing customers, while recurring revenue remained approximately 85% of total revenue.
• The company remains on track to begin rolling out its platform to Lithia’s first U.S. dealerships in Q4 2026, marking a key entry point into the large North American market.
• Cash from operations fell to £1.9 million from £8.5 million, while £8.0 million of capital expenditure—mostly development spending—contributed to a £10.4 million decline in cash to £23.9 million.
• Shareholders approved Ridgeview Partners’ £4.48-per-share acquisition offer, which is expected to complete between October 9 and 23 and is intended to provide additional technology expertise and capital to accelerate growth, particularly in North America.

Pinewood Technologies Group Price Performance

PINE stock opened at GBX 446.03 on Wednesday. The company has a market cap of £520.57 million, a P/E ratio of 9.29 and a beta of 0.57. The firm has a 50-day moving average of GBX 434.39 and a 200 day moving average of GBX 318.19. Pinewood Technologies Group has a 1 year low of GBX 200 and a 1 year high of GBX 495.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 500 price objective on shares of Pinewood Technologies Group in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 585.

About Pinewood Technologies Group

1981 – Origins Pinewood was founded in 1981 after a Renault dealer in London grew frustrated with the lack of suitable systems to run his business. He assembled a small team of developers to build a better solution, marking the birth of Pinewood as a classic early-1980s tech startup. 1980s–1990s – Early Innovation The team created one of the UK's first Sales and Dealer Management Systems (DMS), soon partnering with brands like Saab, Lloyds Bowmaker, and a growing dealer group that became Pendragon PLC. As Pendragon expanded, it acquired Pinewood to develop a multi-brand DMS capable of supporting large-scale dealership operations.