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PensionBee Group PLC on Wednesday reported customer growth and higher assets under administration in the fourth quarter of 2025, as the online retirement savings provider delivered profitability and continued to scale its UK business. Group assets under administration rose 27% year-on-year to £7.4 billion at December 31, from £5.8 billion a year earlier, with retention rates above 95%. Group invested customers increased 15% year-on-year to 305,000, with 8,000 new invested customers onboarded during the quarter, up 38% from 6,000 in the same period a year earlier. Group revenue climbed 34% in the quarter to £12.4 million from £9.3 million, driving annual run-rate revenue up 33% to £50.6 million. For the full year, revenue increased 28% to £42.6 million. PensionBee reported adjusted Ebitda of £2.0 million in the fourth quarter, up from £1.6 million a year earlier. For the full year, adjusted earnings before interest, tax, depreciation and amortisation was £400,000, unchanged year-on-year. The UK business remained the main profit driver. UK adjusted Ebitda rose 36% in the quarter to £3.4 million and more than doubled on a full-year basis to £5.0 million, lifting the UK adjusted Ebitda margin to 11% from 7% a year earlier. Chief Executive Officer Romi Savova said strong consumer demand underpinned the group’s performance. ‘Strong momentum was reflected in a 38% increase in new customer growth for the quarter, bringing our group invested customer base to 305,000 and driving group assets under administration to £7.4 billion,’ she said. Savova added that PensionBee remains focused on its three strategic pillars of brand trust, scalable proprietary technology and a culture prioritising wellbeing, as it looks ahead to 2026 with ‘strong momentum in the UK and US’. In the UK, revenue rose 33% year-on-year in the quarter to £12.9 million and 28% for the full year to £44.0 million. Marketing spend increased to £2.0 million in the quarter as PensionBee continued to target younger customers, with around 40,000 customers onboarded during 2025 at an average age of 39.7 years. In the US, PensionBee continued to invest in brand-building and product development. Marketing spend totalled £1.8 million in the fourth quarter, bringing full-year spend to around $5 million, which was reimbursed by State Street under an existing agreement. US assets under administration reached $3 million by year-end. PensionBee reiterated its longer-term guidance, targeting group revenue of more than £100 million by 2029 and adjusted Ebitda margins of around 20% in the short to medium term. PensionBee shares closed up 0.9% at 162.00 pence each on Wednesday in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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