Elixirr International Reports Record First-Half Earnings with Strong Revenue and AI Growth
Elixirr International reported record first-half results for 2026, achieving a 25% revenue increase to £89.0 million and a 29% rise in adjusted EBITDA to £27.6 million, driven by higher-value work, stronger client relationships, and recent acquisitions. AI-related services were a major growth driver, with AI revenue surging 185% year-over-year to £8 million. The company also expanded its gold client base by 13%, reaching 35 clients generating at least £1 million in fees annually. Cross-sell revenue increased 27% to £19 million. Despite strong top-line performance, free cash flow was weak at £1.8 million due to acquisition costs and seasonal working capital pressures. Net debt rose to £56.5 million; however, management expects leverage ratios to improve significantly by year-end as cash generation strengthens.
Topics: acquisitions adjusted EBITDA AI services revenue growth