PensionBee rises as U.K. operations turn profitable

Investing.com -- PensionBee Group plc shares gained 1.05% on Thursday after the online pension provider reported strong growth in assets under administration and achieved profitability in its UK operations, despite increased investment in its US expansion.

The company reported that assets under administration (AUA) grew 21% YoY to £6.3 billion in the first half of 2025, driven by net inflows of £423 million. Revenue increased 23% to £18.9 million compared to the same period last year, while invested customers rose 14% to 286,000.

PensionBee’s UK operations reached a significant milestone, with UK last twelve months (LTM) adjusted EBITDA turning positive at £3.2 million, compared to a loss of £1.9 million in the same period last year. This improvement came despite increased marketing investment, which grew 30% to £7.6 million.

"In the first half of 2025, we continued to advance our ambition of becoming a global leader in the consumer retirement market," said Romi Savova, Chief Executive Officer of PensionBee. "By staying focused on and committed to our mission, we delivered 21% growth in Assets under Administration, reaching £6.3 billion, alongside a 14% increase in our Invested Customers."

The company maintained its high customer and AUA retention rates at over 95%, reflecting strong customer satisfaction evidenced by its 4.6-star Trustpilot rating.

Group adjusted EBITDA was -£2.9 million for the half-year, compared to -£2.0 million in H1 2024, reflecting continued investment in the company’s US expansion. PensionBee’s US operations are still in early stages, with the company recording 5% prompted brand awareness in the market.

PensionBee reiterated its ambition to reach over £100 million in group revenue by 2029 and exceed £250 million by 2034, with targeted adjusted EBITDA margins of approximately 20% and 50% respectively for those periods.