Ten Lifestyle Group (TENG) H1 2026 TU earnings summary

Executive summary

• Net Revenue for H1 2026 reached approximately £33.7m, up 6% year-over-year and 9% at constant currency.

• Adjusted EBITDA grew by 16% year-over-year to about £7.0m, and by 28% at constant currency.

• Active Members increased by 23% year-over-year to 436,000, driven by higher digital platform engagement.

• New contracts launched with a leading UK bank and a global technology company, expanding into new customer segments.

Financial highlights

• Net Revenue rose from £31.8m in H1 2025 to £33.7m in H1 2026.

• Adjusted EBITDA margin improved to 20.7% from 18.9% in the prior year.

• Net cash position increased to £9.3m at period end, compared to £6.8m in H1 2025.

Outlook and guidance

• On track to deliver full-year results in line with market expectations.

• New contracts expected to launch in H2 2026, supporting growth into FY 2027.