Investors are taking notice of Pennant International as the Cheltenham-based systems support software and training company unveils a promising business update. Strategic cost-saving measures and the upcoming launch of its innovative Auxilium software position the Group for sustainable growth and profitability, sparking optimism about its future trajectory.
Pennant International expects to close the year ending December 31, 2024, with trading results aligned to market expectations, including revenues of approximately £14 million and adjusted EBITDA of around £1.2 million. These figures underscore the success of its focused restructuring efforts, which have delivered significant cost savings of approximately £2 million annually. This was achieved through initiatives such as reducing around 30 roles and selling three commercial units in Staverton for £1.2 million.
Central to Pennant’s growth strategy is the March 2025 launch of Auxilium, a next-generation software suite that builds on the company’s 25-year legacy of serving the defense sector. Designed to deliver updated, flexible applications to both existing and new clients on a subscription basis, Auxilium has already secured initial orders and is competing for several key opportunities ahead of its full rollout. The software represents a significant step in shifting Pennant’s portfolio toward higher-margin offerings, including software and technical services.
With this sharpened focus, the company anticipates reporting a modest profit before tax for the financial year ending December 31, 2025. Management also expects strong operating cash flow conversion, driven by higher-margin business segments and operational efficiencies. These outcomes signal a positive outlook for investors as Pennant continues to execute its transformation.
Pennant International specialises in developing and supporting advanced systems support software and training solutions, serving primarily the global defense sector.
