Eagle Eye Solutions Group (LON: EYE), the AI-powered loyalty and promotions software provider for grocery, retail, hospitality and travel brands, fell in early trade earlier today, with shares down roughly 4% on results day as full-year results showed statutory profitability declining even as underlying recurring revenue accelerated.
Shares dropped to 475.6p in early dealing, down 3.92% from Monday’s close of 495p. That leaves the stock well above the 52-week low of 250.5p, though below the 52-week high of 516p reached earlier in the year.
Eagle Eye published audited results for the year to 30 June before the market opened today. Group revenue fell 3% to £46.7m and adjusted EBITDA, earnings before interest, tax, depreciation and amortisation, dropped 19% to £9.8m, while the group swung to a pre-tax loss of £0.2m from a £3.0m profit a year earlier. The decline follows the loss of Eagle Eye’s NRS contract in June 2025, which shrank the year’s comparative base; excluding NRS, group revenue actually grew 21% to £46.1m.
Excluding NRS, annual recurring revenue rose 31% to £44.5m and software-as-a-service (SaaS) revenue grew 31% to £39.3m, with 13 major new customer wins including easyJet and Subway and net revenue retention improving to 111% from 109%. Net cash still climbed 31% to £16.1m despite the statutory loss, giving Eagle Eye headroom alongside an unutilised £10m revolving credit facility. No dividend was declared for the year, unchanged from FY2025.
Chief executive Tim Mason struck a confident tone, saying: “We remain confident that the momentum built during FY26 will support a return to double-digit revenue and adjusted EBITDA growth in FY27 and continued progress towards our medium-term ambitions of £100m of revenue and an adjusted EBITDA margin of +30%.”
No independent broker commentary was available at the time of writing, and it remains unclear how far the statutory profit decline weighed on the shares against management’s reiterated confidence in a return to double-digit growth in FY27.