Pinewood Technologies Group (LON:PINE) Posts Quarterly Earnings Results

Pinewood Technologies Group (LON:PINE) posted its earnings results on Wednesday. The company reported GBX (6.70) earnings per share for the quarter, Digital Look Earnings reports. Pinewood Technologies Group had a return on equity of 35.39% and a net margin of 124.20%.

Here are the key takeaways from Pinewood Technologies Group’s conference call:

• H1 revenue rose 18.4% to £23.2 million, while underlying EBITDA increased 11.4% to £8.8 million, supported by new customers, upselling and a full-period contribution from Seez.
• Net customer churn was negative, indicating increased usage among existing customers, while recurring revenue remained approximately 85% of total revenue.
• The company remains on track to begin rolling out its platform to Lithia’s first U.S. dealerships in Q4 2026, marking a key entry point into the large North American market.
• Cash from operations fell to £1.9 million from £8.5 million, while £8.0 million of capital expenditure—mostly development spending—contributed to a £10.4 million decline in cash to £23.9 million.
• Shareholders approved Ridgeview Partners’ £4.48-per-share acquisition offer, which is expected to complete between October 9 and 23 and is intended to provide additional technology expertise and capital to accelerate growth, particularly in North America.

Pinewood Technologies Group Price Performance

Shares of PINE stock traded up GBX 1 during trading hours on Thursday, reaching GBX 447. 51,274 shares of the company’s stock were exchanged, compared to its average volume of 3,251,441. The company’s 50 day moving average is GBX 437.02 and its two-hundred day moving average is GBX 319.48. The company has a market cap of £521.71 million, a P/E ratio of 9.31 and a beta of 0.57. Pinewood Technologies Group has a 1 year low of GBX 200 and a 1 year high of GBX 495.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 500 price target on shares of Pinewood Technologies Group in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 585.

About Pinewood Technologies Group

1981 – Origins
Pinewood was founded in 1981 after a Renault dealer in London grew frustrated with the lack of suitable systems to run his business. He assembled a small team of developers to build a better solution, marking the birth of Pinewood as a classic early-1980s tech startup.

1980s–1990s – Early Innovation
The team created one of the UK’s first Sales and Dealer Management Systems (DMS), soon partnering with brands like Saab, Lloyds Bowmaker, and a growing dealer group that became Pendragon PLC.

As Pendragon expanded, it acquired Pinewood to develop a multi-brand DMS capable of supporting large-scale dealership operations.