Ten Lifestyle experiences development in income, earnings

Ten Lifestyle Group mentioned in an replace on Monday that first-half income and earnings rose as development in its digital concierge platform drove larger member engagement and contract wins.

The AIM-traded group mentioned it anticipated internet income for the six months ended 28 February of about £33.7m, up 6% from £31.8m a 12 months earlier, or 9% at fixed forex.

Adjusted EBITDA was anticipated to extend to roughly £7m from £6m within the prior-year interval, representing development of 16% 12 months on 12 months and 28% at fixed forex.

It mentioned its adjusted EBITDA margin was anticipated to enhance to twenty.7% from 18.9%, reflecting operational enhancements and elevated platform effectivity.

The firm mentioned the variety of energetic members rose 23% 12 months on 12 months to round 436,000, in contrast with 354,000 a 12 months earlier, pushed by stronger engagement with its digital platform.

Ten mentioned it additionally strengthened its steadiness sheet through the interval.

Net money on the finish of the half 12 months stood at about £9.3m, in contrast with £6.8m on the similar level final 12 months.

The group repaid its remaining £0.8m of mortgage notes at first of the interval and secured a three-year £5m revolving credit score facility with NatWest Group to help short-term working capital necessities.

Operationally, the group launched its Ten Digital Platform with a number one UK financial institution underneath an current giant contract and launched a digitally enabled concierge service for a worldwide expertise firm, marking its growth into a brand new shopper section.

It additionally secured extra contracts through the interval, together with a medium-sized absolutely digital contract in Europe with an current company banking shopper and a brand new giant digitally enabled contract within the AMEA area, each anticipated to launch within the second half of 2026.

Chief government Alex Cheatle mentioned the corporate continued to strengthen its place within the buyer loyalty and concierge expertise market.

“We proceed to strengthen our market place by way of enhancements to our main buyer loyalty platform.

“This provides ‘better than the internet’ results for the users of our service and supports contract wins and drives margin, efficiency, scalability and service quality,” he mentioned.

Ten mentioned the recently-secured contracts have been anticipated to launch later within the 12 months and help continued development into the 2027 monetary 12 months, with the group remaining on observe to ship outcomes according to market expectations for the total 12 months.

At 1242 GMT, shares in Ten Lifestyle Group have been up 1.08% at 70.5p.

Reporting by Josh White for Sharecast.com.

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