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Investing.com - Auction Technology Group plc (LSE:ATG), the operator of online auction and list price marketplaces, on nTuesday announced that its revenue and adjusted EBITDA for the fiscal year ended September 30, 2025, are expected to be in line with recently revised market expectations, with a non-cash goodwill impairment anticipated.
The company reported that revenue growth accelerated in the second half of the year, with full-year revenue excluding Chairish up over 4% compared to 3.4% in the first half. Including the Chairish acquisition, group revenue is expected to be approximately $186.3 million, up about 9% YoY. This slightly exceeds analyst expectations of $185.3 million.
ATG expects to deliver an adjusted EBITDA margin between 42% and 43% excluding Chairish, in line with revised expectations. The company’s adjusted EBITDA is projected to be approximately $75.8 million, compared to analyst consensus of $77.1 million.
"We made good progress on our strategic initiatives during the year including growing Value Added Services such as atgAMP, atgPay, and in particular, atgShip," the company stated in its trading update.
The company noted that it expects to report a non-cash goodwill impairment for the year, reflecting increases in the discount rate, macroeconomic conditions, and the impact of its August 4 trading announcement.
ATG’s adjusted net debt to adjusted EBITDA ratio is expected to be approximately 2.2x at year-end, supported by good cash generation. The company anticipates this leverage ratio to reduce to "well below 2x" by the end of FY26.
Looking ahead, ATG expects its FY26 performance to be in line with current market expectations, with revenue projected between $238.0 million and $245.7 million and adjusted EBITDA between $82.9 million and $87.0 million.
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