Pebble Beach shares surge as expects to surpass market expectations

Pebble Beach Systems Group PLC on Thursday said it now anticipates 2025 and 2026 profitability ‘materially ahead’ of market expectations, as it said it expects to report improvements in interim revenue and adjusted earnings.

The Surrey, England-based software company said it expects revenue of around £5.9 million for the six months that ended June 30, up 11% from £5.3 million a year earlier.

Pebble Beach Systems attributed this to the timing of project order intake, as well as ‘continued growth’ in service-level-agreement revenue.

Shares in the company climbed 49% to 13.39 pence on Thursday afternoon in London.

The company noted that its strategic plans announced in January, which included a ‘significant reduction’ in overhead and research and development costs, has resulted in the firm now expecting 2025 and 2026 profitability ‘materially ahead’ of market expectations.

Pebble Beach cited a company-compiled consensus for revenue of £11.5 million and adjusted earnings before interest, tax, depreciation and amortisation of £3.5 million for 2025 and 2026.

This would be flat against 2024 revenue and up 6.1% from £3.3 million in 2024 adjusted Ebitda.

First-half adjusted Ebitda for 2025 is now expected at around £2.0 million, rising 43% on-year from £1.4 million, with the adjusted Ebitda margin improving to 34% from 27%.

Pebbe Beach expects to report its interim results in August.

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