Board Change • May 21
High number of new directors Independent Non-Executive Director Anne Ackerley was the last director to join the board, commencing their role in 2026. Announcement • May 16
PensionBee Group plc Approves Board Appointments PensionBee Group plc at the AGM held on May 14, 2026, approved to appoint Anne Ackerley as an Independent Non-Executive Director and Susan Holliday as an Independent Non-Executive Director. Announcement • Mar 20
PensionBee Group plc to Report Q1, 2026 Results on Apr 22, 2026 PensionBee Group plc announced that they will report Q1, 2026 results at 4:30 PM, GMT Standard Time on Apr 22, 2026 Announcement • Feb 10
PensionBee Group plc to Report Fiscal Year 2025 Results on Mar 11, 2026 PensionBee Group plc announced that they will report fiscal year 2025 results After-Market on Mar 11, 2026 Announcement • Nov 11
Pensionbee Launches A 1% Match Program PensionBee launched a 1% match program to encourage Americans to consolidate old 401(k)s and IRAs left behind with former employers. The company is committing up to $10 million to the initiative, offering the match on every dollar invested in a PensionBee IRA. The move addresses a critical issue facing the majority of Americans: the lack of a coherent retirement savings plan. Over a trillion dollars in retirement wealth sit in orphaned 401(k)s–accounts left behind with former employers. These accounts can face additional non-employee fees and may change investments without the account holder's knowledge. Small accounts can be automatically forced into Safe Harbor IRAs, trapping savings for years in low-growth, cash-like investments. PensionBee’s 1% match program builds on its mission to help Americans get retirement savings under their control and invested in suitable long-term strategies. The company’s research reveals that over 40% of people who try to rescue a left-behind 401(k) give up mid-process, citing complexity, confusion, and lack of clear instructions. PensionBee’s model aims to remove these barriers. The company handles rollovers electronically and assigns each customer a dedicated U.S.-based account manager (a “BeeKeeper”) to manage the process via phone or online portal. The company offers free searches to help people locate forgotten accounts. The new 1% match adds a financial incentive to PensionBee’s simplified experience: Invest $10,000 in a PensionBee IRA and receive an extra $100, Invest $100,000 in a PensionBee IRA and receive an extra $1,000, Invest $500,000 in a PensionBee IRA and receive an extra $5,000 and Invest $2,000,000 in a PensionBee IRA and receive an extra $20,000. The 1% match applies to every rollover or contribution into a PensionBee IRA on the company’s next $1 billion in customer assets. The longer customers keep funds invested in the market, the greater the value of the match over time. Assuming a 6.15% annual return, illustrative projections over 5, 10, 20, and 30-year periods highlight the hypothetical long-term impact of the match. Announcement • Sep 22
PensionBee Group plc to Report Q3, 2025 Results on Oct 22, 2025 PensionBee Group plc announced that they will report Q3, 2025 results at 8:00 AM, GMT Standard Time on Oct 22, 2025 Announcement • May 29
PensionBee Launches SEP IRAs to Include Non-Traditional Retirement Savers PensionBee announced the launch of Simplified Employee Pension (SEP) IRAs in its digital platform. This offering provides a best-in-class retirement solution designed for self-employed individuals. The launch comes at a critical time as the gig economy continues its rapid expansion. By 2025, gig workers are expected to make up nearly 50% of the U.S. workforce. This structural shift in employment patterns has created an urgent need for retirement solutions tailored to non-traditional workers, as traditional employer-sponsored retirement benefits become inaccessible to a growing segment of the workforce. Self-employed Americans consistently report lower levels of retirement preparedness. Only about 13% of self-employed individuals in single-person businesses participate in retirement plans, compared to nearly 72% of traditional employees. Fewer take advantage of SEP IRAs, highlighting a significant opportunity gap. Unlike traditional employees, self-employed Americans lack access to employer-sponsored retirement plans, automatic enrollment, and employer matching contributions that typically boost retirement readiness. This structural advantage affects millions of entrepreneurs and independent contractors who represent a growing segment of the American workforce. In response, self-employed individuals are more likely to claim Social Security early, potentially reducing lifetime retirement income. Beyond individual benefits, PensionBee's SEP IRA offering addresses a critical economic need. Small businesses represent over 99% of all U.S. businesses and create approximately two-thirds of new jobs. Despite this, reports show that one in five small business owners don't have any retirement savings, and the majority have saved less than $50,000. By providing modern retirement solutions for single business owners, PensionBee not only supports individual financial security but strengthens the economic foundation of American entrepreneurship. PensionBee's SEP IRA allows individual account owners to contribute up to 25% of their income, significantly higher than Traditional IRA limits, creating a powerful vehicle for retirement wealth accumulation. This higher contribution ceiling enables entrepreneurs to make up for periods of variable income and accelerate their retirement savings during profitable years. PensionBee's SEP IRAs offers a complete solution for self-employed individuals: Consolidation of existing accounts: Users can transfer old retirement accounts (Roth IRA, Traditional IRA, or 401(k)) into one manageable account; Higher contribution limits: SEP IRAs allow contributions of up to 25% or $70,000 of income, maximizing tax-advantaged savings; Human Support: Easy setup and management with dedicated human support; Retirement planning tools: PensionBee's in-app retirement calculator allows users to model various scenarios to work toward savings goals. The SEP IRA offering is available immediately to all self-employed individuals and single business owners. PensionBee users can begin the setup process now with dedicated BeeKeepers available to guide them through account creation. The addition of SEP IRAs represents a significant milestone in PensionBee's mission to democratize retirement planning for all Americans, regardless of employment status. The company plans to continue expanding its offerings to address the evolving needs of today's diverse workforce, with additional features and educational resources specifically designed for self-employed savers planned for later this year. Announcement • May 15
Pensionbee Introduces New Retirement Savings Calculator PensionBee is making it even easier for Americans to take control of their financial future with the launch of its innovative retirement savings calculator. This powerful digital tool helps users create personalized retirement roadmaps while seamlessly integrating with PensionBee's existing features like easy contributions and 401(k) rollovers. Understanding how much to save for retirement remains one of America's biggest financial challenges. 7 in 10 Americans worry they won't be able to retire, or retire on their chosen timeline, and without proper planning tools, they risk financial insecurity in their later years. PensionBee's new savings calculator empowers users with a clear, personalized roadmap for their financial future. PensionBee's tool allows users to: Input key details like age and savings goals to forecast their specific retirement needs; Visualize how today's contributions impact long-term financial security; Adjust savings strategies in real time to see the immediate impact; Automatically include inflation at 2% for more realistic planning. Announcement • Apr 10
PensionBee Group plc, Annual General Meeting, May 15, 2025 PensionBee Group plc, Annual General Meeting, May 15, 2025. Location: the offices of clifford chance llp, 10 upper bank street, e14 5jj, london United Kingdom Announcement • Dec 06
PensionBee Group plc Launches App for U.S. Retirement Savers PensionBee Group plc announced the launch of its new app which allows users to combine old workplace 401(k)s into an IRA and provides users with access to their account as easily as they do their everyday banking. PensionBee has a strategic partnership with State Street Global Advisors (SSGA) to provide a range of investment portfolios to customers that use SSGA's model portfolios, exclusively consisting of SSGA managed Exchange Traded Funds. Via PensionBee's app, users can view their balance and daily performance metrics including what they are invested in, how it is performing daily, how it has progressed since the account's inception and how the market is doing. Upcoming updates would enable users to make contributions and withdrawals with the tap of a finger. Also, the app will offer exclusive retirement content and interactive tools to aid customers on their journey to financial security. This is the next step in PensionBee's U.S. expansion. The company launched in the U.S. in 2024, after a successful and fast-growing trajectory to become one of the leading pension providers in the U.K., and has since contracted 10,000 new U.S. customers. Listed on the London Stock Exchange, PensionBee recently raised approximately $25 million through the issue of new shares in the company to power expansion in the United States. New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Breakeven Date Change • Oct 25
Forecast breakeven date pushed back to 2026 The 4 analysts covering PensionBee Group previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of UK£4.40m in 2026. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Announcement • Oct 01
PensionBee Group plc Provides Group Earnings Guidance for the Full Year 2024 PensionBee Group plc provided group earnings guidance for the full year 2024. For the year, the company expects Group Revenue to exceed £30 million for the full year 2024. Reported Earnings • Sep 02
First half 2024 earnings released: UK£0.016 loss per share (vs UK£0.041 loss in 1H 2023) First half 2024 results: UK£0.016 loss per share (improved from UK£0.041 loss in 1H 2023). Revenue: UK£15.4m (up 41% from 1H 2023). Net loss: UK£3.68m (loss narrowed 60% from 1H 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Jul 28
Forecast breakeven date moved forward to 2025 The 5 analysts covering PensionBee Group previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 84% to 2024. The company is expected to make a profit of UK£250.0k in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule. Announcement • Jun 28
PensionBee Group plc to Report Q2, 2024 Results on Jul 24, 2024 PensionBee Group plc announced that they will report Q2, 2024 results at 4:30 PM, GMT Standard Time on Jul 24, 2024 Recent Insider Transactions • Jun 23
Co-Founder recently sold €7.3m worth of stock On the 21st of June, Romina Savova sold around 4m shares on-market at roughly €1.82 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Romina's only on-market trade for the last 12 months. Breakeven Date Change • Apr 26
Forecast to breakeven in 2026 The 5 analysts covering PensionBee Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 62% per year to 2025. The company is expected to make a profit of UK£6.85m in 2026. Average annual earnings growth of 101% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 26
No longer forecast to breakeven The 5 analysts covering PensionBee Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£4.30m in 2026. New consensus forecast suggests the company will make a loss of UK£7.00m in 2026. Reported Earnings • Apr 14
Full year 2023 earnings released: UK£0.047 loss per share (vs UK£0.10 loss in FY 2022) Full year 2023 results: UK£0.047 loss per share (improved from UK£0.10 loss in FY 2022). Revenue: UK£23.8m (up 35% from FY 2022). Net loss: UK£10.6m (loss narrowed 52% from FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Capital Markets industry in Germany. Reported Earnings • Mar 14
Full year 2023 earnings released: UK£0.047 loss per share (vs UK£0.10 loss in FY 2022) Full year 2023 results: UK£0.047 loss per share (improved from UK£0.10 loss in FY 2022). Revenue: UK£23.8m (up 35% from FY 2022). Net loss: UK£10.6m (loss narrowed 52% from FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets industry in Germany. Breakeven Date Change • Feb 11
Forecast breakeven date pushed back to 2026 The 5 analysts covering PensionBee Group previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of UK£1.60m in 2026. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Breakeven Date Change • Oct 22
Forecast to breakeven in 2025 The 5 analysts covering PensionBee Group expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 71% per year to 2024. The company is expected to make a profit of UK£300.0k in 2025. Average annual earnings growth of 93% is required to achieve expected profit on schedule. New Risk • Oct 20
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: UK£14m Forecast net loss in 1 year: UK£6.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£15m). Currently unprofitable and not forecast to become profitable next year (UK£6.6m net loss next year). Reported Earnings • Sep 03
First half 2023 earnings released: UK£0.041 loss per share (vs UK£0.075 loss in 1H 2022) First half 2023 results: UK£0.041 loss per share (improved from UK£0.075 loss in 1H 2022). Revenue: UK£10.9m (up 32% from 1H 2022). Net loss: UK£9.07m (loss narrowed 46% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Announcement • Aug 03
PensionBee Group plc to Report First Half, 2023 Results on Aug 31, 2023 PensionBee Group plc announced that they will report first half, 2023 results on Aug 31, 2023 New Risk • Jul 25
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: UK£22m Forecast net loss in 3 years: UK£200k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£22m). Currently unprofitable and not forecast to become profitable over next 3 years (UK£200k net loss in 3 years). Breakeven Date Change • Jul 25
No longer forecast to breakeven The 5 analysts covering PensionBee Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of UK£4.30m in 2025. New consensus forecast suggests the company will make a loss of UK£200.0k in 2025. Announcement • Jun 20
PensionBee Group plc to Report First Half, 2023 Results on Jul 20, 2023 PensionBee Group plc announced that they will report first half, 2023 results on Jul 20, 2023 Breakeven Date Change • Apr 27
Forecast to breakeven in 2025 The 6 analysts covering PensionBee Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of UK£5.43m in 2025. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Board Change • Mar 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Lara Oyesanya was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
