Built Cybernetics plc

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Built Cybernetics PLC has released its interim results for the six months ended March 31, 2026. The company reported a decrease in revenue from continuing operations by 4% to £9.9 million, with a trading loss for the period increasing to £0.5 million. Despite these figures, Smart Core total deployments increased by 14% to 3.3 million sq feet of commercial floorspace, and the ARR from the company's software increased by 37% to £1.03 million. Furthermore, the company launched a new Smart Cities/Smart Infrastructure business called MapBI. Post period end, £650,000 was raised through a fundraise completed in May at 1.5 pence per share, with significant investment by directors and employees. This additional funding will support the company's growth initiatives.

The company remains focused on creating a smart buildings group with predictable, scalable, and high-margin recurring revenues. The financial results reported include the acquisition of 3DEO and Work.Place.Create., fueling the company's strategic direction. While project-based revenues faced challenges, recurring revenues from software products continued to grow strongly. The company plans to continue evaluating acquisition opportunities to accelerate recurring revenue growth and strengthen its technology capabilities.

Investors are encouraged to visit the company's website for further information. Questions regarding the announcement are welcomed and can be addressed via the investor hub on Built Cybernetics PLC's website. Allenby and Canaccord Genuity Limited serve as brokers and provide additional contact information for investor inquiries. The company's interim report is available for review on the website as well.

Allenby updated research note and other analysis available on their site here: 

https://www.allenbycapital.com/client/built-cybernetics-plc/

Built Cybernetics has released its interim results for the six months ended March 31, 2026. The company grew recurring revenues strongly, though fewer projects meant it reported a decrease in revenue from continuing operations by 4% to £9.9 million, with a trading loss for the period increasing to £0.5 million. The ARR from the company's software increased by 37% to £1.03 million, and Smart Core total deployments increased by 14% to 3.3 million sq feet of commercial floorspace. Furthermore, the company launched a new Smart Cities/Smart Infrastructure business, MapBI. Post period end, £650,000 was raised through a fundraise completed in May at 1.5 pence per share, with significant investment by directors and employees. This additional funding will support the company's growth initiatives.

The company remains focused on creating a smart buildings group with predictable, scalable, and high-margin recurring revenues. While project-based revenues will always be vulnerable to delays or other challenges, recurring revenues continued to grow strongly. The company continues evaluating acquisition opportunities to accelerate recurring revenue growth and strengthen its technology capabilities. 

Questions regarding the announcement are welcomed and can be addressed here.

Built Cybernetics - Interim Results

Announcement summary