Eagle Eye Solutions Group PLC has recovered from the loss of a major contract in the United States last year.
Last June the loyalty and promotions platform announced that it had lost its contract with Neptune Retail Solutions (NRS), leading to a drop in its share price to almost 200 pence.
However it implemented cost efficiencies and has expanded its client base with major enterprise wins in the US and Europe.
Now it has reported annual results ahead of its recently upgraded market expectations.
While group revenue of £46.7 million for the year ended 30th June 2026 was 3% down on the previous year, Eagle Eye managed to replicate the £40.7m of recurring revenue.
Adjusted EBITDA was £9.8m, down 19%.
It share price at the end of trading yesterday – prior to the results announcement – was 460p, up 63% in the year to date and almost 100% over 12 months.
In the second half of the financial year, Eagle Eye won contracts with one of the UK’s biggest health and beauty retailers; entered into the airline vertical with easyJet; added sandwich retailer Subway; and secured a Proof of Concept trial with a major French grocer.
The group also signed renewals with major customers, including Woolworths for five years and French supermarket giant Auchan for two years, as well as expanding with customers including Carrefour, Asda and Morrisons.
It also secured new partnerships with a range of system integrator partners including Deloitte Digital Central Europe, Commerce Architects and Equal Experts, further expanding its routes to market.
“FY26 has been a year of recovery, and delivery, for Eagle Eye,” said chief executive Tim Mason. “We said at the start of the year that this was an excellent business, built on solid foundations, and that we would act fast, execute our plan and exit the year with strong momentum.
“As a result of a huge team effort, we have exceeded expectations, for both revenue and adjusted EBITDA, and entered FY27 with sustained vigour and focus.
“The second half of FY26 has seen our win momentum continue, welcoming additional exceptional businesses to our client base.
“We are delighted to be supporting one of the UK’s best-known health and beauty retailers, the addition of easyJet demonstrates our applicability to a new vertical, and with Subway we have added another major, global brand to the roster, while making important progress with our global OEM partner.
“These developments expand our addressable market and reinforce the applicability of our platform across sectors through our combination of true personalisation through AI and real-time offer execution at scale.
“With a differentiated and proven AI-powered offering, growing recurring revenue and strengthened partner ecosystem, we believe Eagle Eye is well positioned to deliver the next phase of profitable growth.”