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Highlights

  • ACSO forecasts FY25 revenue at lower end of guidance due to soft H1 volumes.
  • Accesso Technology to lose one major contract impact partially offset by improved terms.
  • ACSO share price declines 22.05% to GBX 371.02 following trading update.

Accesso Technology Group plc (LSE:ACSO), which provides technology solutions to leisure and entertainment markets, has issued a trading update for the six-month period ending 30 June 2025. The company noted that group revenue for the first half of the year reflected weaker than anticipated attendance across its client base, which negatively affected transaction volumes a key driver of its earnings.

While Accesso stated that its internal performance was stable, the external environment contributed to a smaller transaction pool, especially at major client venues. This dynamic is expected to result in full-year revenue landing at the lower boundary of the previously guided range. The company did not revise guidance for FY25 cash EBITDA margins, which remain targeted at approximately 15%, citing operational cost controls.

Given the seasonal nature of its operations, Accesso noted that the most significant trading months June, July, and August are still in progress. The outcome of these months is expected to have a material bearing on full-year results.

In a separate development, Accesso disclosed that it is in renewal negotiations with a key client whose enterprise agreements are set to expire on 31 December 2025. As part of these discussions, the company has been informed that one of the existing agreements will not be renewed. This change is projected to reduce group gross profit by approximately USD 6 million starting in FY26.

However, Accesso indicated that the financial impact will be partially offset by improved commercial terms for the remaining agreements with this customer. The company characterised this as evidence of the client’s continued reliance on its ticketing platform.

Despite the setback, Accesso reported that recent sales activity has been encouraging. The company highlighted an improvement in its commercial win rate a key focus of its ongoing strategic initiatives. Accesso now has 33 clients signed up for its Accesso Freedom platform, including its first win in the theme park segment.

The firm is currently implementing its flagship engagement in the Middle East and sees momentum in the sales pipeline that it expects will carry into the final quarter of 2025. The company noted that it will provide updated FY26 guidance once market conditions become clearer and contract discussions are concluded.

ASCO share were trading at 22.05% lower at GBX 371.02 per share on 11 July 2025.