Auction Technology Group Plc. (ATG.L), an operator of marketplaces for curated online auctions, on Thursday registered an increase in pre-tax profit for the first half, helped by lower net finance costs.
For the six months, the company posted a pre-tax income of $3.110 million, higher than the restated $0.581 million in the same period last year. This increase is due to a decline in net finance costs of $7.414 million, compared with the previous year's restated $11.209 million.
Net profit stood at $6.502 million or 5.3 cents per share as against last year's restated $14.026 million or 11.4 cents per share.
Adjusted profit was at $20.546 million or 16.6 cents per share, lesser than restated $23.577 million or 19.2 cents per share a year ago.
Operating profit fell to $10.524 million from restated $11.790 million in 2023.
Excluding items, EBITDA moved down to $35.7 million from restated $37.8 million a year ago.
Cost of sales rose to $28.128 million from last year's restated $25.628 million.
Administrative expenses stood at $47.382 million, higher than the restated $43.989 million a year ago.
Revenue was $86.022 million, up from the previous year's restated $80.795 million, driven by growth in marketplace revenue and the acquisition of ESN.
John-Paul Savant, CEO of Auction, said the company would be maintaining its full-year outlook for Group revenue to be in the range of $175-$180 million, implying a mid-point growth rate of 7%, including organic revenue growth of 2% - 5%.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.