Eagle Eye's Growth Trajectory
Eagle Eye Solutions Reports Strong FY26 Results, Targets Double-Digit Growth in 2027 and Beyond
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Key Points
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Eagle Eye’s EagleAI platform revenues grew 34% in FY26, highlighting strong AI-enabled product traction alongside core recurring SaaS income.
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The group added new system integrator partnerships with Deloitte Digital Central Europe, Commerce Architects and Equal Experts, expanding its routes to market.
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Eagle Eye said it would release its full annual results on September 15, providing a scheduled update beyond the FY26 reporting.
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On the results day, the stock rose about 8.2% to around 503p, contributing to a market capitalization near £152 million and reflecting positive investor reception.
Eagle Eye Solutions declared itself "well-placed" for double-digit revenue and profit growth in FY27, sending its shares up 8.2% to 503p on Friday, according to Market Screener. The London-based loyalty software firm posted annual recurring revenue of £44.5 million for FY26 — a 31% jump — even as total revenue dipped 3.1% to £46.7 million due to a prior US contract loss.
CEO Tim Mason called the year a "recovery and delivery" phase. The company now targets more than £100 million in revenue with an EBITDA margin above 30% in the medium term, ADVFN reported.
Recurring Revenue and AI Platform Drive Beat
Recurring revenue now makes up 87% of Eagle Eye's total turnover — a sign its SaaS model is scaling well. Adjusted EBITDA hit £9.8 million on a 21% margin, beating market forecasts, ADVFN noted. Net cash rose 31% to £16.1 million, giving the company room to invest in AI-driven products.
The company's EagleAI platform — its artificial intelligence product for personalised loyalty — saw revenues grow 34% in FY26. Net revenue retention held steady at 111%, meaning existing customers kept spending more over time, according to Investing.com.
New Wins With easyJet, Subway, and European Automakers
Eagle Eye signed several major new contracts during the year. New clients include easyJet, Subway, a UK health and beauty retailer, and several European automotive OEMs. The company also renewed deals with Woolworths and Auchan, two large international grocery chains.
Existing relationships with Carrefour, Asda, and Morrisons also expanded. On the partnerships side, Eagle Eye added Deloitte Digital Central Europe, Commerce Architects, and Equal Experts as system integrator partners, broadening its routes to market, ADVFN reported.
Shares Jump 8% as Investors Cheer FY27 Outlook
Eagle Eye's stock rose about 8.2% on results day, pushing shares to around 503p. That put the company's market capitalisation near £152 million, according to Market Screener. The move reflects investor confidence in the FY27 growth targets after a year of recovery from the lost US contract.
Investing.com noted that analysts hold a neutral stance on the stock. Despite solid fundamentals, the valuation is seen as elevated, with price multiples running high relative to peers. Eagle Eye said it will release full annual results on September 15, offering a more detailed financial update.
Medium-Term Target: £100 Million Revenue at 30% Margin
Eagle Eye set out a clear long-term ambition: more than £100 million in annual revenue, paired with an EBITDA margin above 30%. That would represent more than double current revenue levels. The company believes AI adoption and new enterprise contracts will be the main growth engines.
Underlying revenue, excluding the lost NRS contract, grew 21% in FY26. Mason signalled that FY27 should see both revenue and EBITDA grow at double-digit rates. The balance sheet — with £16.1 million in net cash — gives Eagle Eye flexibility to fund that push, Investing.com reported.
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