ActiveOps PLC on Thursday said profit multiplied more than four times higher in the first half of its current financial year, as annual recurring revenue increased.
The Reading, England-based management process automation software provider for back-office operations said pretax profit for the six months that ended September 30 more than quadrupled to £470,000 from £104,000 the year before.
Revenue rose 8.8% to £14.3 million from £13.1 million last year, while cost of sales increased 9.1% to £2.3 million from £2.1 million and total administrative expenses were up 7.9% to £11.8 million from £10.9 million.
‘The successful launch of ControliQ Series 3 in September 2023 has bolstered the annual recurring revenue in the first half of the year with upsell to multiple customers, compounded by new customer wins,’ ActiveOps explained. ‘This strong upsell performance is anticipated to continue in the second half of the year, during which a high proportion of renewals take place.’
Annual recurring revenue at September 30 totalled £26.2 million, up 10% from £23.7 million last year.
Chair Richard Jeffery said: ‘The first half of financial 2025 has seen ActiveOps deliver good revenue and profit growth, trading in line with expectations for the full year. Importantly, we continue to make positive progress across the business, enhancing our product set and strengthening our sales team as planned.
‘Looking ahead, we are confident the investment into our sales team, and the growing artificial intelligence capabilities of our platform, provide us with a fantastic springboard for growth in financial 2026 and beyond.’
Shares in ActiveOps were down 11% at 113.74 pence each in London on Thursday afternoon.
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