Accesso Technology Group PLC (LSE:ACSO, OTC:LOQPF) has said it remains on track to meet its full-year targets, after stronger trading over the summer helped offset a slowdown in June caused by extreme heat across key markets.
The ticketing and queuing technology specialist reported revenue of $67.9 million for the first half of 2025, down slightly from $69.2 million a year earlier.
Cash earnings before interest, tax, depreciation and amortisation fell to $5.1 million from $6.5 million, while statutory profit before tax jumped to $1.9 million from $0.3 million. Net cash rose sharply to $25.4 million.
Chief executive Steve Brown said: “With more robust trading in July and August, we remain confident in delivering on our refined revenue and profit expectations for the year.”
He added that the group’s strategy was “centred on operational excellence and commercial execution”, positioning it to re-accelerate growth as conditions normalise.
Accesso’s technology is used by theme parks, ski resorts, live entertainment venues and cultural attractions to manage ticketing, payments and guest experience.
June’s heatwave hit visitor numbers, but growth in professional services and a one-off upgrade project provided a partial offset.
The group pointed to progress in its “Freedom” product, a mobile ticketing and payments system now adopted at 39 venues.
It also cited the acquisition of 1RISK, a specialist in digital waivers and incident management, which strengthens Accesso’s position in the ski and adventure sector.
It is also pushing ahead with artificial intelligence features, including chat-based ordering within its Passport and Freedom platforms, and has begun trials of a new e-commerce system designed to give venues more flexibility.
"Our increasing use of AI is also setting us up for sustained competitive advantage. Internally, we are deploying AI to sharpen delivery, streamline commercial processes, and accelerate product development," said CEO Brown.
"Externally, we are embedding AI-enabled features directly into our solutions, such as chat-based ordering for Accesso Passport and Accesso Freedom, which will be showcased later this year. Together, these initiatives enhance both the efficiency of our business and the value we deliver to our customers."
While near-term volatility in consumer spending remains a risk, the company said its stronger pipeline of contracts, refreshed commercial strategy and solid cash position underpinned its confidence for the rest of the year.