Highlights

  • IntelliAM AI plc reported a 58% year-on-year revenue increase to approximately GBP 2.4 million.
  • The company’s Annual Recurring Revenue grew 46% since March 2025, reaching around GBP 1.18 million.
  • IntelliAM expanded key partnerships with SKF, Hovis, and other leading FMCG manufacturers.

IntelliAM AI plc (LSE:INT), a provider of AI-driven software solutions for the manufacturing and engineering industries, released its trading update for the half year ended 30 September 2025. The update is based on unaudited management accounts.

Total revenue rose 58% to approximately GBP 2.4 m (H1 2024: GBP 0.927 m), reflecting 48% organic growth. Annual Recurring Revenue (ARR) reached around GBP 1.18 m compared with GBP 0.14 m in H1 2024 and GBP 0.81 m at the March 2025 year end. This marks a 46% increase from March and highlights the shift toward recurring software revenues.

The company reported a cash balance of approximately GBP 778 k at the end of the period, supporting continued investment in AI development and customer delivery. The Group confirmed it is trading in line with market expectations.

Strategic and Operational Developments

IntelliAM continued expanding its strategic partnerships during the first half of FY26, including a co-development agreement with SKF, the world’s largest bearing and lubrication company. The company also saw a nine-fold increase in contract value with Hovis, a customer since 2024.

The Group co-hosted the AI Connected Summit with SKF, which drew representatives from more than 20% of the world’s largest FMCG companies. The event focused on scaling AI across global operations using the IntelliAM Platform.

Operational growth continued with key hiring, including a Vice President of Sales to drive commercial expansion. IntelliAM further expanded relationships with clients such as Müller Milk UK, Kerry Ingredients, Mars Inc., Inspired Pet Nutrition (IPN), and Baxters North America, which added a new U.S. site. New contracts in Japan and with Lantmännen Unibake UK added further value, contributing over GBP 500 k in incremental revenue.

Outlook

The Group reaffirmed its guidance for organic revenue growth of 75% to 90% for FY26 and expects ARR to reach GBP 2 m by year end. Revenue generation is anticipated to be weighted one-third in the first half and two-thirds in the second.

Management stated that the increasing number of customers progressing through the IntelliAM platform lifecycle is a key indicator of future profitability. The Group expects to announce its unaudited interim results on 24 November 2025.

CEO Comment

Tom Clayton, Chief Executive Officer of IntelliAM, said:

“The half year ended 30 September 2025 continued our progress from H2 2024. With ARR increasing to c£1.2m as at 30th September, the company remains firmly on track to achieve its full year expectations of reaching £2m ARR. Progress to date continues to validate our strategy of pivoting towards a software led business.”