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Highlights
A major customer will extend its software agreement for one year from 1 January 2026 under revised terms.
Another major customer has decided not to renew its software contract beyond 31 January 2026.
Year-end trading results for 2025 are expected to meet prior expectations, with a full update and 2026 guidance to be issued in January.
Accesso Technology Group plc (LSE:ACSO), a leading provider of technology solutions for leisure, entertainment, and cultural markets, has issued an update on its customer contracts and trading expectations for the 2025 financial year. The announcement details recent developments with key client agreements and outlines the Group’s approach to ongoing market conditions.
2025 Trading Update
The Group is scheduled to release its year-end trading results towards the end of January 2026. The Board anticipates reporting a full-year outcome that aligns with previous expectations. Investors and stakeholders are advised that a more comprehensive trading update, including headline performance metrics for the year ended 31 December 2025, will be shared at that time.
Customer Contract Developments
In July 2025, Accesso reported that a product used by a major client was not expected to continue beyond the end of the year. The Group now confirms that this customer has opted to extend the agreement for an initial one-year period starting 1 January 2026, under revised commercial terms.
Conversely, a separate and unrelated major customer has indicated it will not renew its contract for the same software solution after its expiry on 31 January 2026. The Group has noted that these developments are independent and specific to each client.
Outlook and Operational Measures
Looking forward, Accesso continues to support customers navigating ongoing macroeconomic challenges. While the ultimate financial impact of the recent contract developments depends on the final outcomes of negotiations, the Board currently expects that net revenue effects will be balanced at a Cash EBITDA level through initiatives aimed at improving operational efficiency.
The Group has reiterated that a further update, including guidance for 2026, will be provided alongside the year-end trading report in late January 2026.
