**Summary of 1Spatial Plc Interim Results for H1 2026 (Period Ended 31 July 2025)**
1Spatial Plc, a global leader in Location Master Data Management (LMDM) software and solutions, reported its interim results for the six months ended 31 July 2025, highlighting strong recurring revenue growth and strategic progress despite challenging market conditions.
**Key Financial Highlights**
**Revenue Growth** Revenue increased by 9% to £17.7 million (H1 2025: £16.2 million), driven by
**Recurring Revenue** Up 20% to £10.7 million (61% of total revenue), with a 50% increase in SaaS and Term Licences revenues.
**1Streetworks Revenue** Quadrupled to £0.8 million (H1 2025: £0.2 million).
**Annualised Recurring Revenue (ARR)** Grew 11% to £19.9 million (H1 2025: £17.9 million).
**Adjusted EBITDA Margin** Slightly tempered to 11.9% (H1 2025: 12.3%) due to revenue mix.
**Net Borrowings** Increased to £2.5 million (H1 2025: £0.9 million) due to investment in product development, partially offset by reduced cash outflows.
**Strategic Achievements**
Signed multi-year licence deals with key clients, including Montana (£1.1m), Defra (£1.1m), and Network Rail (£1.1m).
Post-period, secured a US$1.7 million Enterprise Agreement with the California Department of Transportation and a £1 million 1Streetworks contract with UK Power Networks.
Strong pipeline and H2-weighted renewals provide confidence for FY26 results in line with management expectations.
**Operational Focus**
Continued investment in SaaS adoption, particularly 1Streetworks, with revenue growth to £0.8 million.
Expanding US operations and deepening market presence, supported by strategic wins like the Caltrans agreement.
Reviewing strategic options for the Australian business to accelerate investment in next-generation data platforms and SaaS products.
**Outlook**
The Board remains confident in achieving FY26 targets, supported by a robust order book, growing pipeline, and H2-weighted renewals. Focus areas include accelerating SaaS adoption, converting pipeline opportunities, and strengthening the US market position.
**CEO Comment (Claire Milverton)**
"We have delivered a positive first half, expanding engagements with existing customers and securing significant wins. Our focus on SaaS adoption, US market expansion, and next-generation platform development positions us well for medium-term growth and cash generation."
**Alternative Performance Measures (APMs):**
Recurring Revenue, ARR, Adjusted EBITDA, and other non-GAAP measures are used to provide consistent performance evaluation over different reporting periods.
**Conclusion**
1Spatial demonstrated resilience in H1 2026, with strong recurring revenue growth and strategic wins underpinning its medium-term growth ambitions. Despite market challenges, the company remains well-positioned to capitalize on SaaS opportunities and expand its global footprint.