This provides us with greater financial flexibility and ensures we have the capital necessary to continue investing in our core capabilities while delivering exceptional service to our clients. These transactions streamline our focus and allow us to redeploy capital into higher return opportunities aligned with our long-term strategy. Finally, our upcoming reverse stock split supports broader institutional accessibility as we enter our next phase of growth. Taken together, these initiatives increase our strategic flexibility, enhance operational focus, and allow us to move from defense to offense.
Combined, our overall company delivered Adjusted EBITDA of $88 million, which reflects the ongoing mix shifts toward more labor-intensive, lower margin businesses. Net free cash flow of $74 million in the second half exceeded our target of 30% of Adjusted EBITDA, excluding payroll timing. one, we can see overall lower commission revenue where we manage sales for CPGs or private label manufacturers. Three, we are seeing overall pullback in traditional marketing as retailers demand more investment in their retail media networks.
We expect our capital spending to decline in 2027, reflective of ongoing support rather than transformation investments. Second, we are focused on driving growth that deepens client relationships, expands our addressable market, and leverages the capabilities we have built. This is an AI-enabled decision engine that integrates proprietary retail data with real-time capabilities to help clients anticipate demand and drive growth while more quickly identifying opportunities. Pulse will help our key account managers either remediate underperformance in an account or accelerate growth by more quickly providing the causal analysis and recommended actions.