Ten Lifestyle Group reports marginal revenue growth in H1 2025

LONDON - Ten Lifestyle Group plc (AIM:TENG), a leading technology-driven concierge service provider, reported a modest increase in its financial performance for the first half of fiscal year 2025. The unaudited interim results for the six months ending February 28, 2025, showed a 3% rise in net revenue to £31.8 million compared to £30.9 million in the same period last year.

The company, which caters to affluent customers through partnerships with global financial institutions and premium brands, also saw its adjusted EBITDA grow by £0.7 million to £6.0 million, marking an improvement in profitability. The adjusted EBITDA margin expanded from 17.2% to 18.9%. Profit before tax increased by £0.8 million to £1.1 million.

Operational highlights included the launch of an Extra Large contract in the United States worth £5.0 million annually and a Medium contract in the AMEA region. The company also invested £6.6 million in its proprietary digital platforms and technologies, which included the beta launch of its Agentic AI product with end-to-end booking capabilities over chat.

The number of active members rose slightly to 354,000 from 349,000 at the end of the previous fiscal year, and member satisfaction remained high, contributing to repeat usage and value for Ten’s corporate clients.

Looking ahead, Ten Lifestyle Group has continued to secure material contract developments that are expected to support profitable growth into FY 2026. This includes a new contract to serve the ultra-high-net-worth clients of a major wealth manager and several multi-year contract renewals across Europe and AMEA.

CEO Alex Cheatle commented on the company’s focus on AI-driven technology and digital platforms as key drivers of new contracts and improved operational efficiency. He emphasized the company’s position for profitable growth backed by a robust sales pipeline and a competitive edge in the market.

The company’s cash and cash equivalents stood at £11.2 million, with net cash increasing to £6.8 million. The Board’s expectations for the full financial year remain unchanged despite monitoring global macroeconomic factors.

This report is based on a press release statement and presents the financial and operational developments of Ten Lifestyle Group plc for the first half of fiscal year 2025.

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