Want to see GB:PINE full AI Analyst Report?
EarningsQ2 2026 Earnings Report
GB:PINE Q2 2026 EPS Results
Actual EPS-£0.07
Consensus EPS―
Beat/Miss―
One Year Ago EPS>-£0.01
GB:PINE Q2 2026 Revenue Results
Actual Revenue£22.90M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+16.84%
Earnings Announcement Details
QuarterQ2 2026
Date09/30/2026
TimeBefore Open
Conference CallWednesday, September 30, 2026
GB:PINE Upcoming Earnings
Pinewood Technologies's next earnings date is estimated for March 24, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive, with strong revenue and EBITDA growth, negative customer churn, progress across the Lookers, Marshalls, international and North American rollouts, and shareholder approval of the Ridgeview acquisition. The main negatives were the decline in operating cash generation, slightly lower gross margin and recurring revenue mix, and significant North American administrative and development-related spending.Company Guidance
Strong Revenue Growth
Underlying revenue increased 18.4% to GBP 23.2 million in H1 FY26, driven by new customers, upsell to the existing customer base, and a full six months of contribution from Seez compared with four months in H1 FY25.
Underlying EBITDA Growth
Underlying EBITDA increased 11.4% to GBP 8.8 million in H1 FY26.
Underlying Gross Profit Growth
Underlying gross profit rose 16.5% to GBP 19.8 million.
Negative Customer Churn
Net customer churn was negative in the first half, meaning usage from the existing customer base increased on a like-for-like basis.
North American Rollout on Track
North American product and development work continued at pace, and the company remains on track to begin the Lithia rollout in Q4 2026. Pinewood expects the system to be live in the United States by the end of 2026.
Positive North American Customer Feedback
The company reported strong engagement at NADA, including winning best booth and best new entrant. Dealers in the U.S. and Canada were described as very impressed with the product, while Lithia's U.S. team was very impressed following sandbox and live-store testing.
Progress with Lookers and Marshalls
A number of important Lookers brands are now operating on the Pinewood system, with the Lookers implementation expected to conclude in the first half of 2027. Preparations with Marshalls are well underway and the company expects to start the rollout imminently.
International Expansion
Pinewood signed a contract with its first German group, expects more German contracts in the next several months, reported that the Porsche rollout in Japan is going well, and expects to begin the Japan Volkswagen implementation in the second half of 2027.
Growing Product and AI Offering
The company is increasing sales of products developed over the last two years, alongside the AI products acquired through the Seez transaction. The AI offering is fully embedded in the platform and is also available as a standalone product for new customers.
High Recurring Revenue Base
Recurring revenue remained around 85% of total revenue. Customers generally pay quarterly in advance for the majority of their products.
Ridgeview Acquisition Approved
Shareholders approved Ridgeview Partners' recommended acquisition on September 25. The cash offer of GBP 4.48 represented an attractive premium, and completion is expected between October 9 and October 23, 2026.
Shareholder and Strategic Support for Acquisition
Many shareholders elected to roll some of their stake into the post-transaction business. Ridgeview is expected to provide deep technology expertise, long-term capital, and a track record of helping software businesses scale.
Final Reseller Buyout Completed
Pinewood completed the GBP 3.3 million buyout of its final reseller, based in the Netherlands, in H1 FY26. The company now has no remaining resellers.
Cash Resources and Undrawn Facility
Pinewood ended June 2026 with GBP 23.9 million of cash and an undrawn GBP 10 million revolving credit facility.
Cloud-Based Platform and OEM Relationships
The company highlighted its 100% cloud-based platform, one code base, controlled software updates, and seamless OEM integrations as competitive strengths. Pinewood stated that its cloud-based architecture is more secure than hosted or on-premise servers.
Experienced Workforce and Customer Relationships
Pinewood cited 40 years of automotive industry experience, an experienced workforce spanning software and automotive retail, and strong OEM relationships as key strengths. Lookers was described as a supportive partner, and its leadership and management teams rolled warrants into equity and remained shareholders in the post-transaction business.
GB:PINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed