Aptitude Software Group plc has put itself up for sale as it reports a fall in revenue and profits.
The FinTech, headquartered and listed in London, reported a 15% drop in statutory operating profit to £4.8 million for the 2025 calendar year.
Revenue fell 7% for the period to £65m while cash and equivalents at year-end were £29.6m, down 3%.
This morning Aptitude, which provides software solutions for the finance industry, said it had launched a strategic review ‘supported by a number of major shareholders’.
The purpose is to focus growth on Fynapse, its intelligent finance data management and accounting platform, where it says there is a ‘clear opportunity’ in the financial services, technology, media and telecoms sectors.
The company is led by CEO Alex Curran (pictured).
“The board believes that further resources are now required to advance the adoption of the group’s technologies, particularly Fynapse, and to operate at greater scale,” it stated.
“The board is mindful of the increased risks associated with a rapidly evolving market, particularly in the context of ongoing geopolitical and macroeconomic uncertainty, reinforcing the importance of taking a structured and considered approach to assessing the options available to the group, alongside engagement with a range of potentially interested parties.”
It says its overall pipeline value grew 65% last year, with Fynapse-led opportunities now accounting for 84% of FY26 pipeline. This momentum has continued despite macroeconomic headwinds, with two new Fynapse contracts secured in the first quarter of FY26.
Options being considered by the strategic review include the sale of the company; raising additional equity capital from existing shareholders, new investors and/or strategic partners; securing a strategic partner; a sale of its eSuite and/or IFRS Rules compliance engines, in order to fund further development and commercialisation of the Group’s Fynapse solution; and moving non-core portfolio components of the group into maintenance, enabling a reallocation of investment towards higher growth contributors.
In the meantime, the company’s share buyback programme will be suspended.
Chairman Ivan Martin, long scheduled to step down from the board following the 2026 AGM, will stay on until the conclusion of the review.
The company has appointed Raymond James Financial International to oversee the process.