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PensionBee Group PLC on Wednesday reported increased assets, revenue and earnings in the three months ended September 30. The London-based pension investment company’s revenue increased 32% on-year to £11.3 million for the third quarter, from £8.6 million for the same period in 2024. Annual run rate revenue climbed 35% to £46.4 million from £34.4 million. Group assets under administration rose 27% to £7.0 billion as of September 30, from £5.5 billion one year prior. PensionBee’s cash position rose to £33.3 million at the end of the quarter, from £14.6 million. Adjusted earnings before interest, tax, depreciation and amortisation surged 62% to £1.3 million from around £800,000, ‘driven by strong group revenue growth and optimised operating efficiencies’. ‘The third quarter marked another leap forward in delivering on our strategy across both the UK and US,’ commented Chief Executive Romi Savova. ‘Our customer-centric approach continues to resonate with the mass market of consumers and we are proud to now serve approximately 300,000 invested customers, having experienced 41% growth in new customers over the quarter...Above all, these results reflect the trust consumers place in us to help them save for a happy retirement.’ UK revenue rose 29% to £11.6 million while adjusted Ebitda jumped 59% to £2.4 million. ‘In the UK, we strengthened our product offering and streamlined the sign-up experience for our customers, making it even simpler and faster for them to join PensionBee,’ Savova commented. ‘We delivered adjusted Ebitda profitability for a second consecutive quarter while increasing our marketing expenditure for Q3 by 22% year-on-year. This investment translated into strong growth, with 11,000 additional customers onboarded over the quarter. ‘We expect this momentum to carry through the fourth quarter and beyond, positioning the business to deliver sustained, profitable growth over the long term.’ PensionBee was non-revenue generating in the US, unchanged on-year, while the US adjusted Ebitda loss widened to £1.0 million. Savova said her company is ‘expanding our reach and driving efficiency’ in the region, having ‘successfully launched our first US brand campaign featuring our first customers across major cities’ and ‘made major strides in automating the customer transfer process’. PensionBee reiterated its existing medium and long-term guidance, including its goal of exceeding £250 million in group revenue by the end of 2034. ‘Looking forward, we will continue to execute our strategies for the UK and US, and remain confident that we will grow our invested customer base and AUA in line with guidance,’ Savova said. ‘Our predictable, recurring revenue model, together with strong operating leverage in our business, will continue to drive strong financial performance.’ PensionBee shares closed 0.3% higher at 159.00 pence in London on Wednesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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