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Highlights

  • Accesso’s FY24 revenue rose 1.9% YoY to USD 152.29 million, led by 8.7% growth in the Ticketing division
  • Statutory profit before tax increased 32.7% to USD 11.68 million, supported by new venue contracts and platform contributions
  • Adjusted basic EPS grew 2.4% to 38.39 cents, reflecting stable cash EBITDA margins and improved cost efficiency
  • Accesso secured 30 new venue contracts in FY24, driven by full-year contributions from Horizon and Paradox platforms

Accesso Technology Group PLC (LSE: ACSO), is a UK-based tech provider for the leisure, entertainment, and cultural sectors. It offers ticketing, mobile, e-commerce, and virtual queueing solutions across three segments: Ticketing and Distribution, Guest Experience, and Professional Services.

In the financial year 2024 (FY24), ACSO reported a 1.9% year-over-year revenue increase to USD 152.29 million, primarily driven by an 8.7% rise in the ticketing division, which helped offset declines in other segments. Statutory profit before tax surged 32.7% to USD 11.68 million, supported by the full-year contributions from the Accesso Horizon and Accesso Paradox platforms, as well as the addition of 30 new venue contracts during the year. Adjusted basic EPS rose modestly by 2.4% to 38.39 cents, reflecting steady cash EBITDA margins and improved operating leverage due to an optimised cost base.

Recent Business Update

Accesso Technology Group PLC has acquired the assets of 1RISK, a SaaS platform focused on the North American ski sector. The platform supports waiver management, incident reporting, and dispatch tracking, aimed at improving safety and mitigating risk.

Company Outlook

The company plans to invest in Accesso Freedom and other cross-vertical, scalable solutions, which secured 11 new contracts in FY24 and are expected to drive recurring transactional revenue in FY25. A newly announced USD 10.3 mn share buyback program for 2025 reflects management’s confidence in future cash flows and commitment to capital discipline. Ongoing cost efficiency and investment in higher-margin areas are expected to improve the 15% cash EBITDA margin and support sustained profitability.

Top 10 Shareholders of ACSO

The top 10 shareholders of ACSO together hold approximately 57.02% of the total shares. Long Path Partners, LP is the largest shareholder, with a stake of around 16.46%. It is followed by Canaccord Genuity Wealth Management, which holds about 13.24%.

 

Stock Information

Over the past six months, the stock declined by approximately 9.63%, but it rebounded with a 16.67% gain in the last month. It has a 52-week range of GBX 386.66 to GBX 768.00 and is currently trading below the midpoint of that range, closing at GBX 497.00 as of 21 May 2025.

 Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 21 May 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.