3rd Mar 2026 11:15
(Alliance News) - NCC Group PLC on Tuesday said revenue growth in financial 2026 is expected to be marginal, with low single-digit expansion at both its Escode and Cyber divisions, as it prepares to complete the sale of Escode.
In a trading update published ahead its AGM taking place on Tuesday, the Manchester, England-based cybersecurity company said the previously announced sale of its Escode business to TDR Capital LLP remains on track.
The transaction, agreed in January, values Escode at a total enterprise value of GBP275.0 million and an aggregate gross consideration of GBP309.1 million in cash, subject to completion adjustments.
Completion is expected no earlier than April 30. At that point, the board said it will announce plans for an "additional substantial capital return" to shareholders.
The disposal will leave NCC as a "pure-play" cyber security and resilience business. The group said momentum in its Cyber division continued in the first quarter of financial 2026, delivering a second consecutive quarter of underlying revenue growth.
For the year ending September 30, 2026, NCC said it anticipates revenue growth will be "marginal", including the impact of recent non-core disposals. Both Escode and Cyber are expected to deliver low single-digit growth as the pipeline continues to build.
Group adjusted earnings before interest, tax, depreciation and amortisation for financial 2026, after adjustments for non-core disposals, is expected to be in line with board expectations. The directors confirmed that the profit forecast remains valid and has been prepared on a consistent accounting basis.
The board said it remains confident in delivering the group's medium-term financial goals as it continues to improve operational discipline and transform the Cyber business.
The group will host a capital markets event on March 13 focused on its Cyber strategy.
Shares in NCC were down 2.7% at 124.40 pence in London on Tuesday morning.
By Eva Castanedo, Alliance News reporter
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