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Aptitude Software Group PLC on Wednesday reported decreased earnings for the first half of the year despite growth in its strategic focus area of artificial intelligence autonomous finance. The London-based finance software firm said revenue fell 6.9% to £32.8 million in the six months to the end of June from £35.3 million a year ago. Pretax profit declined 30% to £1.8 million from £2.6 million, while basic earnings per share were down 29% to 2.5 pence from 3.5p. Annual recurring revenue at the end of the period was up 2.5% to £49.8 million from £48.6 million. This was due to new customer wins and expansions, offset by expected churn from legacy products and clients, Aptitude noted. It said ARR in the AI Autonomous Finance arm, its strategic focus, was up 13% to £17.3 million from £15.3 million. Aptitude Software declared an unchanged interim dividend of 1.8p per share. ‘We’ve made good progress in [the first half of] 2025. Our shift to a [software-as-a-service]-led, partner-first organisation is clearly taking hold - improving revenue quality and expanding margins,’ said Chief Executive Officer Alex Curran. ‘While we remain mindful of the broader macroeconomic backdrop, our growing pipeline, active partner engagement and disciplined execution give us confidence. We are accelerating delivery with a sharp focus on leveraging our experience and advantage in AI-powered finance transformation.’ Looking ahead, Aptitude Software reiterated that it expects 2025 revenue performance to be ‘dampened due to macroeconomic headwinds and foreign exchange movements’. ‘However, the considerable progress that has been made in transforming the business provides the board with confidence in delivering its profit expectations for 2025,’ the company added. Shares in Aptitude Software Group were down 0.4% at 286.00p in London on Wednesday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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