AdvancedAdvT Limited, an international software group, published results for the six months ended 31 August 2026 on 2 November 2026, reporting Revenue growth of 13% and a 17% rise in adjusted EBITDA. The company is listed on AIM and is a constituent of the FTSE AIM All Share Index. Figures are drawn from an automated summary of the announcement.

The half-year numbers

Revenue was £28.8m, up 13%, of which Recurring Revenue was £23.8m, or about 82.7%. Adjusted EBITDA was £8.4m, up 17%, a Margin of 29.2%. Operating profit was £8.2m, compared with £2.9m in the first half of last year. Basic Earnings Per Share were 5.99p, against 2.17p, while basic EPS based on adjusted operating profit was 6.16p, against 5.24p. Cash stood at £95.2m at 31 August. No Dividend was mentioned in the announcement.

These results followed a trading update on 12 October 2026, which had guided to revenue of at least £28.5m and adjusted EBITDA of at least £8.0m, so the final numbers came in slightly ahead of those floors.

What the company does

AdvancedAdvT describes itself as an international software provider for Business solutions and compliance sectors. It operates in two areas: business solutions and healthcare compliance, and Human Capital management. The group grows organically and through acquisitions, with a focus on AI, Data Analytics and business intelligence. In the October update it said it was investing in product development, AI, automation and SaaS platforms, with AI capabilities already live in some customer environments and more features being piloted.

Cash, investments and buybacks

At 31 August 2026 the group held net cash and investments of £113.2m, made up of £95.2m of net cash and an £18.0m stake in M&C Saatchi plc. That compared with £111.6m in February 2026. The company has been buying back its own shares: it completed a £10m programme, buying 6.1 million shares at £1.63, and started a further £10m programme in September. The October update referred to £9.2m spent in the period, a figure that differs from the £10m completed total. Purchase of own shares notices were issued almost weekly through August to November.

Sector and index context

Software groups with recurring subscription revenue are often valued on the predictability of that income, but they are also exposed to customer budgets and to competition from larger vendors. Artificial intelligence is changing product expectations in compliance and human capital software, and may require continued investment. Acquisition-led strategies carry integration and pricing risks, and a large cash balance gives management Options but also invites questions about how it will be used. Constituent status says nothing in itself about the company's weighting in the index.

Reading the profit jump

The rise in operating profit from £2.9m to £8.2m is far larger than the 17% increase in adjusted EBITDA, which suggests that items outside the adjusted measure changed markedly between the two periods. The announcement summary gave no explanation, so the full announcement is the place to look before drawing conclusions about underlying profitability. Adjusted measures can be useful for comparison but exclude costs that are real, such as share-based payments or Acquisition expenses.

Risks and what to watch

Risks include the performance of acquisitions, reliance on a minority stake in a listed company whose value can fluctuate, and the cost of AI development. Investors will watch for any acquisitions, further buyback progress and the next trading update.