Interim report
Page 1
16 September 2026 APTITUDE SOFTWARE GROUP plc ( ' Aptitude Software ' or ‘ the Group ' ) Interim Results for the six months ended 30 June 2026 Continued Fynapse progress drives AI Autonomous Finance ARR growth Aptitude ( LSE : APTD ) , a market - leading provider of AI - native Finance ERP software , reports its unaudited results for the six months ended 30 June 2026 ( ' H1 2026 ' ) . Financial Highlights Six months ended 30 June H1 2026 H1 2025 % Change Annual Recurring Revenue¹ ( ‘ ARR ' ) at 30 June £ 49.9m £ 50.8m² ( 2 % ) - AI Autonomous Finance1 / 7 £ 20.1m £ 17.9m² / 8 12 % - Other Software1 £ 25.9m £ 27.8m² ( 7 % ) £ 3.9m £ 5.1m² ( 23 % ) Revenue Assure1 Total Revenue £ 28.8m £ 32.8m ( 12 % ) Recurring Revenue³ £ 25.4m £ 26.8m ( 5 % ) Non - Recurring Revenue £ 3.4m £ 6.1m ( 44 % ) Recurring Revenue proportion 88.1 % 81.5 % 6.6ppts Profit Adjusted Operating Profit4 £ 5.1m £ 4.9m 4 % Statutory Operating Profit £ 1.2m £ 2.0m ( 40 % ) Adjusted Operating Margin4 17.8 % 14.9 % 2.9ppts Cash and Balance Sheet Cash and Cash Equivalents Net Cash5 Interim Ordinary Dividend per Share £ 21.1m £ 23.7m ( 11 % ) £ 15.7m £ 17.1m ( 8 % ) 1.8p 1.8p Strategic focus on Fynapse delivered 12 % year - on - year AI Autonomous Finance ARR growth to £ 20.1 million . Within AI Autonomous Finance ARR , Fynapse contributed £ 4.9 million ( 30 June 2025 : £ 2.6 million ) , representing 85 % growth year - on - year . This Fynapse base provides a total of £ 14.2 million of future contracted revenues from 1 July 2026 . During H1 2026 , £ 5.8 million of the ARR base was renewed under multi - year contracts , delivering 6 % net ARR growth and a total contract value of £ 19.2 million . Software ARR increased 1 % year - on - year . Including Assure , total ARR of £ 49.9m was slightly lower than the prior year ( 30 June 2025 : £ 50.8m ) , with a significant proportion of the reduction relating to Assure and aligned with the Group's strategic intent to reduce reliance on services . Recurring revenue accounted for 88.1 % of the Group's total revenue ( H1 2025 : 81.5 % ) , increasing the Group's proportion of predictable revenues and improving revenue visibility . Operating profit margin increased to 17.8 % ( H1 2025 : 14.9 % ) , driven by the continued delivery of cost efficiencies arising from the Group's ongoing transition to a SaaS business model . Operating profit remained resilient at £ 5.1 million ( H1 2025 : £ 4.9 million ) , despite a 12 % ( £ 4.0 million ) decline in total revenue . Continued balance sheet strength , with cash of £ 21.1 million ( 30 June 2025 : £ 23.7 million ) and net cash of £ 15.7 million ( 30 June 2025 : £ 17.1 million ) , after returning £ 5.4 million to shareholders