The latest set of financials from Open GI;
Open GI hit revenue of £60m in 2025 amid a transformational year for the specialist technology partner to the insurance industry.
Meanwhile, adjusted EBITDA reached £25.6m as the organisation continued to grow its investment in its products and services.
Simon Badley, Open GI CEO, commented: “2024/25 was the beginning of a transformational period for Open GI and will continue into 2025/26. A fresh capital injection has enabled us to focus on technology improvements for our valued clients and this is reflected in some of the fantastic longer term deals we signed during the reporting period.
Badley noted: ““Revenue was only slightly lower than in 2024 (£61.7m) indicating stability, with the longer-term picture pointing to positive growth. During the year, we negotiated longer-term agreements with a number of our key, larger customers which shows how they value our ongoing relationship and provides greater surety over future revenues. A combination of these longer-term partnerships and new relationships will drive Open GI to further growth.
Furthermore, Open GI increased its investment into research and development, with a spend of £9.3m (2024: £9.1m).
Badley continued: “While the accounts demonstrate a solid performance, they are historical and reflect where we were at that time. Thanks to a stronger financial position, we’re now laying the foundation for accelerated growth and transformation.
“We have appointed new talent to both the Board and Executive team, who bring in a wealth of insurance technology experience to the Group. Headlines include last year’s appointment of Andy Brockway, Chief Technology & Product Officer, who is leading the transformation of our tech stack. We’re hugely excited about the year ahead with a singularity of view and appetite to invest from our partners we are setting a course to super-charge long-term growth.”
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