The Group posted an 11% increase in revenue to £23.3 million, up from £21.0 million in H1 2024
LONDON: Personal Group Holdings Plc (AIM: PGH), a leading provider of workforce benefits and services, reported robust interim results for the six months ended June 30, 2025, driven by record insurance sales and expanding recurring revenue streams.
The Group posted an 11% increase in revenue to £23.3 million, up from £21.0 million in H1 2024, with growth across all business segments. Adjusted EBITDA surged 42% to £5.5 million, while profit before tax rose 68% to £3.8 million. Basic earnings per share climbed 78% to 9.6p.
Recurring revenue streams grew 12% year-over-year to £45.7 million, underpinned by a 12% rise in Insurance Annualised Premium Income to £38.0 million. Benefits Platform ARR increased 10% to £6.9 million, and Pay & Reward ARR rose 6% to £0.76 million.
The company generated £4.0 million in operating cash flow and maintained a debt-free balance sheet with £26.9 million in cash and deposits. Reflecting confidence in its performance and outlook, the Board raised the interim dividend by 26% to 8.2p.
Operationally, Personal Group recorded a 6% increase in new annualised insurance sales to £7.4 million, with retention rates holding above 80%. Strategic partnerships expanded, including a renewed agreement with Sage Group and a new collaboration with EB Now, both expected to drive growth in H2.
CEO Paula Constant said the refined strategy implemented in late 2024 is delivering results. “We’re seeing strong momentum in insurance sales, growing ARR, and healthy cash generation. Our offerings remain highly relevant in today’s macroeconomic climate, and we’re on track to meet our 2030 goals of £100 million in revenue, £30 million EBITDA, and £20 million SaaS ARR.”
Trading in Q3 remains in line with expectations, and the Group anticipates meeting full-year market forecasts.