Pebble Beach Systems Group plc
Pebble Beach Systems Group plc is a UK-based (Epsom, Surrey), AIM-listed (ticker PEB) global software business, founded in 2000, specialising in designing, delivering and supporting advanced workflow automation systems (playout automation and integrated channel software) for television broadcasters and streaming companies. It has installations in more than 60 countries, serving single-channel to 150+ channel operators and currently supports over 1,000 channels worldwide, reaching customers mainly via third-party resellers/system integrators as well as a direct sales team.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 27 Apr 2026 · 94 pages · Company website
Pebble Beach Systems Group plc makes software that automates the running of TV channels for broadcasters and streaming companies. Revenue rose 6.8% to £12.2m in 2025, and it made a profit before tax of £2.2m, against a loss of £1.3m the year before.
The report credits growing income from support contracts, more project orders, especially from streaming platforms, and a cost-cutting restructure completed early in 2025. That restructure brought £0.8m of one-off costs, while the 2024 loss was deepened by a large write-down in the value of past software development.
Cash at the year end was £1.6m, and bank borrowings fell to £3.5m from £4.5m. No money was raised from shareholders and no dividend was paid: past losses currently block dividends, and the board has started a legal process to change that. Management said 2026 had started in line with expectations and expects cash to exceed debt during the year, though the board rates the industry's shift to cloud and streaming as a high risk. The auditor gave a clean opinion and raised no doubt about the company's ability to keep trading.
Growth in recurring support & maintenance (SLA) revenue via price rises, new agreements and renewals/extensions
Recurring revenue rose 8% to £6.6m (2024: £6.1m), c.64% of group revenue excluding third-party hardware (2024: 61%)
page 5Gross margin improvement from portfolio focus and cost reductions
Gross margin rose to 78% (2024: 77%); gross profit up 8% to £9.5m
page 5Trading in Q1 2026 has started in line with expectations and the sales pipeline has encouraging opportunities in our core marketplace of international, national, regional and specialised broadcasters. We are also seeing more opportunities with streaming companies.
page 7The Directors do not recommend payment of a final dividend for FY2025 (2024: Nil). The Company has historic accumulated losses in its own retained profit and loss account which currently prevent it from making shareholder distributions; the Board has commenced a legal process (shareholder and Court approval required) to create distributable reserves via a reorganisation of Company reserves, intended to allow future dividends.
page 711 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
2 figures restated in a later report
Every figure is read again from the following year’s report: 403 confirmed, 12 differ, 2 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
2 more figures were restated in FY2015 to FY2022, which a free account opens.