11th Feb 2026 14:52
(Alliance News) - Gattaca PLC on Wednesday said it was "trading ahead of expectations", with higher income in its first half.
The Fareham, England-based recruitment agency estimated that net fee income rose 12% to GBP21.1 million for the six months ended January 31, from GBP18.9 million a year earlier.
On a like-for-like basis, Gattaca estimated a more modest improvement of 6.9% to GBP20.2 million.
This was "driven by strong contract performance across core growth sectors," the firm said, with LfL contract NFI up roughly 13% on-year. LfL permanent NFI edged up roughly 2%, according to Gattaca.
It aims to increase its workforce by 10% in financial 2026, though it ended January with headcount down 6% on-year. The staffing firm said it had prioritised "operational efficiency and disciplined resource allocation, while maintaining investment in target sectors". Its sales-to-support mix remained flat on-year, standing at 71:29 as of January 31.
Net cash totalled GBP13.0 million at the end of the first half, down from GBP16.8 million a year earlier. Gattaca attributed the drop to "working capital absorption" from a rise in contractors, alongside payment of the annual dividend and the consideration to buy InfoSec People Ltd.
In August, Gattaca disclosed its acquisition of cybersecurity recruitment consultancy Infosec for an aggregate GBP2.1 million in cash. Since then, InfoSec has been integrated into the wider group, and according to Chief Executive Matthew Wragg, has contributed to "positive momentum".
Looking ahead, Gattaca expects full-year pretax profit of around GBP4.5 million, up from GBP3.1 million on-year. It plans to announce an interim dividend with its half-year results on March 24.
Wragg on Wednesday added that the company "is trading ahead of expectations."
"With a strengthened technology platform, growing customer base and improving operational efficiency, I remain confident in the group's ability to deliver sustainable growth," the CEO said.
Gattaca shares rose 5.7% to 129.00 pence on Wednesday afternoon in London. The stock is up 76% over the last 12 months.
By Holly Munks, Alliance News reporter
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