GetBusy shares rise as eyes annual recurring revenue to beat market

GetBusy PLC on Monday said it expects annual recurring revenue to beat market expectations for both this and next year, as it reported a jump in interim adjusted earnings.

The Cambridge, England-based document workflow software provider for professional and financial services firms said pretax loss narrowed to £428 million in the first half of 2026 from £583 million a year prior.

Adjusted earnings before interest, tax, depreciation and amortisation jumped 40% to £593 million from £423 million.

Revenue climbed 8.8% to £12.0 million from £11.0 million.

Chief Executive Officer Daniel Rabie said that SmartVault is "firmly" established as a "leading" platform and strategic control point in US tax preparation, with the market positioning delivering accelerated revenue growth, boosted by "exceptional" new business from Thomson Reuters UltraTax and and Intuit ProConnect customers, following the integration launch last year.

Looking ahead, CEO Rabie said: "Workiro has returned to growth, supported by momentum in new business, new integration partnerships and the migration of Virtual Cabinet customers onto our next-generation, artificial intelligence-enabled platform.

"Enhanced growth within SmartVault will drive group annual recurring revenue ahead of market expectations in 2026 and 2027. With AI increasingly becoming a source of significant value creation across our trusted vertical platforms, the board's confidence in the successful execution of its strategy has never been higher."

Workiro is GetBusy's content and collaboration solution for professional services and cloud enterprise resource planning systems, while SmartVault is a cloud document management and workflow platform, purpose-built for the US accounting and tax preparation market.

GetBusy shares rose 12% to 77.00 pence each on Monday afternoon in London.

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