Pinewood Technologies Group H2 Earnings Call Highlights

Pinewood Technologies Group (LON:PINE) reported double-digit maturation successful its FY2025 results presentation, highlighting advancement successful North America, the integration of its Seez acquisition, and continued enlargement crossed selected planetary markets. CEO Bill Berman said FY2025 marked the company’s “second twelvemonth arsenic a standalone AI-embedded automotive exertion company,” calling the past 12 months “particularly significant” owed to large transactions and operational milestones.

CFO Ollie Mann said FY2025 gross roseate astir 30% to GBP 40.5 million, driven by caller lawsuit wins, upselling to existing customers, and gross added from the March 2025 acquisition of Seez. Mann besides noted a comparability factor: FY2025 covered a 12-month play versus 11 months successful FY2024.

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Gross nett accrued 23% to GBP 34.7 million. Gross borderline was 85.7%, which Mann said “fell arsenic expected” owed to Seez carrying “slightly lower” margins than the bequest Pinewood business.

Underlying EBITDA, described by Mann arsenic the company’s cardinal nett metric, climbed to GBP 16.4 million, up 17.1% year-over-year. Recurring gross was 83.2%, with Mann attributing the flimsy diminution versus past twelvemonth to the inclusion of Seez. Net lawsuit churn was 2.5%, which Mann said remained “at a precise debased level” and reflected the platform’s worth to customers.

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Berman pointed to 2 July 2025 developments arsenic cardinal to the company’s future. First, Pinewood bought Lithia retired of its stock of the North American associated venture, which helium said removed a “competitive overhang” that could person impeded growth. Second, Pinewood signed a semipermanent $60 million declaration with Lithia to instrumentality Pinewood’s strategy crossed Lithia’s dealerships successful the U.S. and Canada.

In March 2025, Pinewood acquired automotive AI institution Seez. Berman said the institution had made “great progress” integrating Seez into the radical and combining the 2 exertion stacks, which helium said importantly enhanced Pinewood’s AI capabilities. He besides said the acquisition strengthened Pinewood’s upsell offering and diversified gross streams, with Seez focusing connected rolling retired products into Lithia’s U.S. and U.K. dealerships and increasing its broader lawsuit base.

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