Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • Berenberg maintains BUY rating with a price target of GBp 775, indicating 51.37% potential upside.

  • Statutory profit before tax rose by 32.6% to $11.7 million in FY2024.

  • Recent acquisition of 1RISK and board appointment strengthen Accesso’s strategic position.

Accesso Technology Group PLC (LSE:ACSO), a global leader in software solutions for the attractions and leisure industries, continues to draw investor confidence, bolstered by improving profitability and strategic developments. Berenberg analyst Jon Byrne has reiterated a BUY recommendation, assigning a price target of GBp 775, which reflects a 51.37% premium over the current share price of GBp 512 as of 1 July 2025.

The company’s forward-looking strategy, including targeted acquisitions and enhancements to its technology suite, is reflected in its current average target price of GBp 681.25, representing an overall upside of over 33%.

2024 Financial Results

Accesso reported revenue of $152.3 million for the year ended 31 December 2024, marking a modest 1.9% increase compared to 2023. When adjusted to exclude seasonal staffing pass-through and the B2C exit, revenue rose by 5.3% to $151.8 million.

The highlight of the year, however, was a 32.6% surge in statutory profit before tax, which climbed to $11.7 million, up from $8.8 million in 2023. Adjusted basic EPS also improved slightly by 2.4%, reaching 38.39 cents.

While Cash EBITDA fell by 3.4% to $22.8 million and net cash declined by 8.7%, management indicated that these figures were in line with expectations and reflective of transitional investments and ongoing development projects.

Strategic Acquisition of 1RISK Strengthens Industry Position

In June 2025, Accesso announced the acquisition of 1RISK, a leading provider of cloud-based liability waiver and incident management software. This acquisition enhances Accesso’s footprint in the North American ski sector, where 1Waiver, 1RISK’s flagship platform, processed over 4 million digital waivers in 2024 alone.

The technology is already integrated with Accesso’s eCommerce and point-of-sale systems, and moving forward, the full 1RISK suite will be available exclusively to Accesso’s customer base.

Leadership Strengthened with Strategic Appointment

Also announced on 1 July 2025, Accesso welcomed Brian Nelson as a Non-Executive Director. Nelson is a Partner at Long Path Partners, an investment firm that holds an 18% stake in Accesso.