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LONDON - FD Technologies plc, a leading software company specializing in advanced data analytics and artificial intelligence (AI), reported a 33% year-over-year increase in annual contract value (ACV) added, totaling £18.0 million for the fiscal year ending February 28, 2025. The company also saw its annual recurring revenue (ARR) climb by 13% to £81.8 million, marking the first time it has surpassed $100 million.
The Group’s revenue grew modestly by 2% to £80.7 million, while it experienced a net cash increase to £55.1 million from a previous net debt position, reflecting a significant financial turnaround. Despite these positive developments, the company reported a loss before tax from continuing operations of £29.1 million, a larger loss compared to the prior year.
FD Technologies’ performance was driven by expansion with existing financial services customers and market share growth in the high-tech semiconductor manufacturing sector. New business was also secured among tier 2 hedge funds, investment banks, and in the aerospace and defense sector.
In a strategic move, FD Technologies divested its MRP and First Derivative businesses, returning £120 million to shareholders. This decision aligns with the company’s focus on its core KX technology platform, a high-growth subscription software business operating in the advanced data analytics and AI space.
Group CEO Seamus Keating highlighted the company’s strategic and operational progress, emphasizing the strong performance of KX and the better-than-expected operating leverage. Keating also expressed confidence in the company’s strategic repositioning, which he believes has unlocked significant shareholder value.
Looking ahead to FY26, FD Technologies anticipates at least 20% growth in ARR and aims to achieve positive Cash EBITDA by FY27. The company’s robust pipeline of opportunities across financial services, aerospace, defense, and industrial IoT sectors underpins these expectations.
On May 8, 2025, the Board recommended a cash offer for FD Technologies from TA’s Kairos Bidco, valuing the company at £24.50 per share or £570 million. This acquisition is expected to enhance KX’s business and capitalize on long-term opportunities in the data and analytics software market.
This article is based on a press release statement from FD Technologies plc.
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