New horizons on the cloud as PCI-PAL hits record rise in ARR

The group has delivered a further record H1 for new business won, which together with increasingly efficient customer deployments, has contributed to a record real-term increase in ARR for a six month period. At the end of H1, ARR stood at £20.3 million, a 21 per cent increase year-on-year.

CARR, the company's leading indicator of future ARR, reached £24m - an increase of 18 per cent year-on-year.

Revenue for the period was £11.3m, a seven per cent year-on-year increase, and up 14 per cent on a normalised basis.

The company said that customer retention remained strong with GRR at 95 per cent while NRR increased to 105 per cent from 103 per cent last time.

PCI-PAL's cloud platform uptime was 100 per cent across the half year, supporting continued customer confidence and retention, whilst illustrating the strength of the global cloud platform.

Cash at period end was £2.6m, reflecting the additional cash investment outlined to investors in September 2025. The Group has no bank debt.

CEO James Barham said: "It has been a strong period of trading for the business. We are seeing the highest levels of demand for our core secure payments products, delivering the highest level of new business secured in any first half period of trading, and a highly encouraging sales pipeline as we enter H2.

"With continued investment in the company's integrated partner eco-system, it is particularly pleasing to see the momentum we are building with key strategic partners as we further deepen those relationships. During the period we have grown both our SMB and enterprise customer base as planned, including further penetration of the US healthcare sector, a key target growth vertical for the company.

"With this progress in H1, we enter the second half with strong momentum and confidence in the group's ability to continue delivering against its strategic objectives and the Board's expectations for FY26."

Despite the solid performance, the share price only rose slightly. PCI-PAL's registered office is in Ipswich but the internationally trading business also has major facilities in London, North Carolina, Sydney and Toronto.