Ingenta, a provider of software and services to the global publishing industry, reported £5.1 million in revenue for the first half of 2026, compared with £5.2 million in the prior-year period. The company also announced the acquisition of up to 100% of FirstAida Limited, expanding its artificial intelligence capabilities into legal services and intellectual property management.
For the six months ended June 30, 2026, Ingenta generated £710,000 in adjusted EBITDA, compared with £896,000 during the first half of 2025.
The company reported 92% recurring revenue, up from 89% a year earlier, reflecting its continued transition toward software and managed services supported by recurring customer relationships.
Gross margin declined to 48% from 51%, while cash generated from operations decreased to approximately £300,000 from £700,000.
Ingenta ended June with £4.6 million in cash, compared with £4.7 million at the end of December 2025.
Despite the decline in reported revenue and adjusted EBITDA, Ingenta secured more than £2 million in new contract revenue during the first half, with the associated revenue expected to be delivered over approximately three years.
The new business spans several of Ingenta’s principal software products and customer markets.
One agreement involves supplying ConChord intellectual property management software to a major record label.
Ingenta also secured a contract to deploy its Edify platform for a leading U.S. university publisher and an agreement to provide commercial software products to an international trade publishing customer in Australia.
The company expects these contracts to contribute to revenue over the next several years as implementation and service delivery progress.
Ingenta operates through two principal revenue categories: Ingenta Commercial and Ingenta Content.
Ingenta Commercial generated £3.9 million in revenue, an increase of 5% from £3.7 million.
Growth was supported by additional managed services revenue from existing customers, including approximately £300,000 in first-half revenue associated with an Australian subsidiary of an existing customer.
The division provides publishing management systems and intellectual property management technology, including software covering contracts, rights, and royalties.
Ingenta Content generated £1.3 million in revenue, a decline of 7% from £1.4 million.
The decrease primarily reflected reduced implementation activity and lower nonrecurring consulting revenue.
The Content platform helps publishers distribute, manage, and monetize digital content.
Ingenta is also expanding its use of artificial intelligence across its software portfolio.
Current development initiatives include AI-assisted metadata generation, automated content summarization, multilingual search, and advanced content discovery.
Following the reporting period, Ingenta expanded these capabilities through its acquisition of up to 100% of FirstAida, an AI-focused company serving legal firms and their clients.
FirstAida develops technology for contract management, intellectual property and rights-related processes, and the assessment of judgments and damages.
Its target markets include smaller and midsized rights holders and professional advisers working across publishing, standards, patents, music, and gaming.
Ingenta expects the acquisition to create opportunities to combine FirstAida’s technology with its existing publishing and intellectual property management products.
The company also appointed Dr. Dan Brown as a Non-Executive Director, adding to its board as it develops its AI strategy.
Ingenta reported £678,000 in first-half net profit, compared with £1.19 million a year earlier. Adjusted basic earnings declined to 5 pence per share from 5.86 pence.
The company declared an interim dividend of 1.75 pence per share, unchanged from the previous year.
Management said it remains on track to meet its full-year adjusted EBITDA expectations and is pursuing additional opportunities across its software and services portfolio.
