PCI-Pal Shares Surge on FY26 Revenue and EBITDA Beat

PCI-Pal (LON: PCIP), the AIM-listed cloud provider of secure payment and data-protection technology, saw its shares surge as much as 20% in today’s session after a trading update showed revenue, profit and recurring revenue all ahead of market expectations.

The stock last traded at 50.9p, up 15.68% from Monday’s close of 44p, having touched an intraday high of 53p. That put PCI-Pal back towards the middle of its 52-week range of 42p to 60p, having drifted from around 51p in April to 44p by yesterday.

The move followed a trading update for the year to 30 June, published this morning, in which PCI-Pal said revenue is expected to come in at around £24.6m, ahead of the £23.7m consensus, with adjusted EBITDA, earnings before interest, tax, depreciation and amortisation, of about £1.1m against a forecast £0.85m. Annual recurring revenue rose 27% to £24.4m and committed annual recurring revenue climbed 24% to £27.5m, with the company pointing to strong momentum in its US enterprise business and partner channel.

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Revenue growth of 9% year-on-year, against £22.5m in FY25, understates the underlying trend once currency effects are stripped out, at closer to 14%. Gross revenue retention, the share of recurring revenue kept from existing customers, improved to 96% from 95%, helped by resecuring two of its largest clients on new multi-year contracts. Adjusted EBITDA nonetheless fell from FY25’s £2.3m, reflecting continued investment in growth. The company remained debt-free with £4.0m of cash at year-end, up from £3.8m.

Chief executive James Barham said: “PCI Pal has had an excellent year, with new business momentum continuing to build as the period progressed.” He also pointed to particularly strong momentum in the US market, growing enterprise demand and top-quartile customer retention as the group enters FY27.

Barham has framed the year’s step-up in spending on partnerships, marketing and product development as part of a three-year investment plan, with today’s numbers offered as evidence that the strategy is delivering rather than a one-off beat.