Finals to November confirm the details of the December and February updates, which had revealed the very positive 2H movement in ARR and adj EBITDA margin. With today’s renewal of the debt facility, and the prospective absence of exceptional cashflow items, Pulsar has derisked forecasts, which should enable a re-rating towards sector peers as margins continue to expand. With £64.5m year-end ARR following an evidently strong 4Q25, reported revenue for FY25 remained flat at £61.2m (+£1.1m in const ....
