Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

FY25 Trading Update

9th Jul 2025 07:00

RNS Number : 2501Q
Shearwater Group PLC
09 July 2025
 

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (as amended), which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018. Upon publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

09 July 2025

 

 

Shearwater Group plc

("Shearwater", or the "Group")

 

FY25 Trading Update

FY25 financial performance ahead of market expectations, driven by contract wins and renewals

Shearwater Group plc, the cybersecurity, advisory, and managed security services group, announces an update on trading for the 15-month period ended 30 June 2025 ("FY25")*.

The Group has delivered a strong performance in the 9-month period since the announcement of H1 results, bolstered by a number of major contract wins and renewals within the Services segment of the business, as previously announced. As a result, FY25 revenue and adjusted EBITDA are anticipated to be slightly ahead of market expectations**, with expected Revenue of c.£41m, representing an annualised YoY increase of c.45% (FY24: £22.6m), and expected Adjusted EBITDA of c.£2.2m, an annualised YoY increase of c.100% (FY24: £0.9m).

The need for the Group's services continues to grow as organisations seek to navigate an increasingly complex cyber threat environment, with the costs of failure well-publicised over recent months. The improved outlook and growing pipeline of opportunities provides confidence in the ongoing delivery of growth in both revenue and EBITDA in FY26.

Phil Higgins, CEO of Shearwater Group, commented: "We are delighted to report a strong period of trading with significant growth delivered in both revenue and adjusted EBITDA. Organisations across both public and private sectors are facing an ever-increasing cyber-security threat and the costs of failure have never been more apparent than over recent months. Our Group Companies are all highly respected in their fields and together provide a unique blend of solutions to help organisations navigate this threat. In this context, we enter FY26 with a strong pipeline and an expectation of delivering further growth in the year ahead."

*As announced on 30 January 2025, the Group revised its year end from 31 March to 30 June to better align the Group's financial year with its customer procurement cycle. As a result, the accounting period was extended to be 15 months ending 30 June 2025.

*\* The company considers that current FY25 market expectations referred to in this announcement are revenues of £39.0 and adjusted EBITDA of £2.0m.

 

Enquiries:

 

Shearwater Group plc

David Williams, Chairman

Phil Higgins, CEO

Jonathan Hall, CFO

 

www.shearwatergroup.com

c/o Alma

Cavendish Securities plc 

Adrian Hadden / Ben Jeynes - Corporate Finance

Jamie Anderson / Dale Bellis / Michael Johnson - Broking/ Sales

 

+44 (0) 20 7397 8900

Alma

Justine James / Joe Pederzolli / Emma Thompson

[email protected]

+44 (0) 20 3405 0205

 

About Shearwater Group plc

 

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users. 

 

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

 

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTEAKXPEDKSEFA

Related Shares:

Shearwater
FTSE 100 Latest
Value8,957.52
Change-18.14