Pinewood.AI has announced full-year financial results for 2025, including revenue and profit increases.
The company, a technology supplier to dealers and manufacturers, said revenue was up by 29.8% to £40.5m, gross profit was up by 23.0% to £34.7m and underlying EBITDA was up by 17.1% to £16.4m. It said this performance reflected contributions from its acquisition of Seez AI, new customer wins and cross-selling of products across its existing customer base.
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The company has also highlighted low customer churn at 2.5%, the implementation of its platform across AM100 member Lookers’ dealerships (due to finish in Q4 2026), and a North American rollout said to be gaining momentum.
With these results being for 2025, they do not include the effects of a recent announcement of delays to its major contract with AM100 member Marshall Motor Group.
Boss hails ‘significant strategic progress’
Bill Berman, chief executive officer at Pinewood Technologies Group PLC, said: “Our second year as a standalone technology company has delivered both strong financial performance and significant strategic progress.
“We have continued to successfully implement our system across Lookers’ dealerships in the UK, made good progress towards US deployment with a pilot programme now underway, and completed the transformative acquisition of Seez AI, whose integration with our rich data stack is at an advanced stage and already driving benefits for customers.
“We are confident in achieving our expectations for FY26 and in delivering our medium-term target of £58-62m underlying EBITDA by FY28, supported by high revenue visibility from existing contracts and a strong pipeline of new opportunities.”
Reacting to the results, analyst Berenberg described Pinewood.AI as: “Delivering headline financial metrics that were broadly in line with market expectations, following a year of significant strategic and financial progress.”
Analyst Jefferies said that Pinewood.AI’s profits were ahead of its expectations, and noted that the Marshall delay was “the only significant implementation deferral in the group’s history”.