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(Sharecast News) - Silverbullet Data Services reported strong first-quarter revenue growth and its first period of positive EBITDA on Wednesday, as the AIM-listed group pointed to benefits from recent restructuring and strategic changes.
Revenue for the three months through March rose 22% year-on-year and came in 9% ahead of internal expectations, supported by improved margins driven by a focus on higher-quality revenue and operational efficiency.
The AIM-traded company cited expansion within key accounts and higher renewal rates across its client base as evidence of strengthening customer relationships.
During the period, Silverbullet also secured new business, including a major European airline and a global marketing and technology partner in the Asia-Pacific region, further expanding its international presence.
The group said it achieved positive EBITDA in the quarter, marking its first profitable reporting period and representing an improvement of 700,000 compared with the prior year.
Management said it expected EBITDA to remain positive and anticipates becoming cash flow positive from the end of the second quarter.
Silverbullet added that cost restructuring implemented at the end of 2025 has positioned the business to drive further productivity gains, including through the use of artificial intelligence to improve efficiency and scalability.
"Our strong start to 2026 reflects the impact of the structural and strategic changes we made last year, delivering growth, improved margins and performance ahead of expectations," said chief executive Ian James.
"It is encouraging to see expansion across key accounts, higher renewals and new international client wins, reinforcing the strength of our offering.
"Achieving positive EBITDA for the first time is a significant milestone, and with our focus on efficiency and AI-driven productivity, we are well positioned to sustain this momentum and deliver cash generation through 2026."
The board said it remained confident in the group's strategy and outlook, with full-year 2025 results and a more detailed trading update expected by the end of the first half of 2026.
At 1301 BST, shares in Silver Bullet Data Services Group were up 22.37% at 23.25p.
Reporting by Josh White for Sharecast.com.
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