PENSIONBEE GROUP PLC - Q1 2026 Results for the quarter ending 31 March 2026

PensionBee Group plc’s Q1 2026 investor update highlights strong financial results and continued execution of its growth strategy, with robust increases in assets under administration (AUA), revenue, and customer numbers despite macroeconomic volatility. The UK segment delivered AUA of £7.5 billion (+29% YoY), annual run-rate revenue of £52 million (+43% YoY), and 315,000 invested customers, alongside profitability and improving EBITDA margins (15% LTM). At a group level, PensionBee achieved a break-even EBITDA position, supported by disciplined cost control and scalable operations. The business continues to benefit from a predictable, recurring revenue model, underpinned by a resilient customer base and stable revenue margins of 67 basis points. During the quarter, 10,000 net new customers were added, driven by increased marketing investment and a growing acquisition pipeline, while productivity improved 23% year-on-year through AI-driven efficiencies, including the Bebot platform. In the US, PensionBee is progressing its international expansion strategy, targeting a $60 billion retirement rollover market through partnerships and brand-led customer acquisition. Management reaffirmed medium-term targets of £100 million+ revenue and 20% EBITDA margins by 2029, and long-term ambitions exceeding £250 million revenue and 50% margins by 2034. Overall, PensionBee Group plc demonstrates strong operational momentum, scalable growth, and a clear path to long-term value creation.