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Auction Technology Group PLC on Tuesday said revenue growth accelerated in the second half of its recent financial year, meaning it will meet expectations for sales and earnings. The London-based auction market operator said revenue and adjusted earnings before interest, tax, depreciation and amortisation for the 12 months that ended September 30 were be in line with recently revised market expectations. The company said consensus is for revenue at $186.3 million and adjusted Ebitda at $75.8 million compared to $174.3 million and $80.0 million in financial 2024. Looking ahead to financial 2026, Auction Technology said expects its performance to be in line with current market expectations, which it placed at revenue of $241.3 million and adjusted Ebitda of $85.5 million. Revenue growth accelerated in the second half of the recent year, leaving full-year sales up around 9%, the firm said. Auction Technology estimated a financial 2025 adjusted Ebitda margin of between 42% and 43%, excluding Chairish LLC, compared to 46% the year before. The company bought Chairish, an online marketplace for vintage furniture, decor and art, for $85 million in August. Initial trading for the newly acquired unit has been in line with its expectations. Auction Technology said it expects to report a non-cash goodwill impairment for the year, reflecting increases in the company’s discount rate and macroeconomic conditions although it did not specify the magnitude. Adjusted net debt to adjusted Ebitda is estimated be 2.2 times at financial year end supported by good cash generation. Net leverage is then expected to reduce to well below 2 times by the end of financial 2026. Shares in Auction Technology were up 11% to 345.00 pence each in London on Tuesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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