REG - Bytes Technology Grp - Half Year Trading Update

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RNS Number : 7832Z  Bytes Technology Group PLC  18 September 2025

18 September 2025

 

Bytes Technology Group plc

("BTG" or "the Company" or "the Group")

 

Half Year Trading Update and Notice of Results

 

Bytes Technology Group, one of the UK's leading software, security, cloud and
AI services specialists, expects to release its interim results for its half
year ended 31 August 2025 ("H1 FY26") on 14 October 2025. Ahead of this, the
Group today provides a trading update.

 

The Group has delivered a resilient performance in the first half, trading
substantially in line with the expectations it reported in its AGM Statement
published on 2 July 2025. Gross Invoiced Income for the period is expected to
be c.£1.33bn, Gross Profit is expected to be not less than £82m and
Operating Profit is expected to be not less than £33m.

 

BTG's net cash position at the end of H1 FY26 was c.£82m, after
paying £41m of final and special dividends and purchasing £1m shares in
the period as part of the £25m repurchase programme announced in August 2025.
Cash conversion in the first half reflects the Group's normal weighting to the
second half, with strong cash conversion expected for the full year.

 

Sam Mudd, Chief Executive Officer, said:

 

"We delivered a resilient performance, improving through the period as we
successfully settled into our new corporate sales structure, and I am grateful
to our teams for their ongoing efforts. We have a strong pipeline and we
expect continued momentum into the start of the second half, albeit mindful
that comparatives will be impacted by the particularly strong trading
performance we saw in the last few months of the prior financial year. We
remain confident in our growth strategy and believe we are well-positioned to
benefit from the structural demand drivers we see in our markets, including
cloud computing, cyber security and AI."

 

-Ends-

 

Enquiries:

 

Bytes Technology Group plc

Sam Mudd, Chief Executive Officer

Andrew Holden, Chief Financial Officer

James Zaremba, Investor Relations

Email: IR@bytesplc.com (mailto:IR@bytesplc.com)

 

Sodali & Co
Elly Williamson

Tilly Abraham

Tel: +44 (0)2072 501446

Email: btg@info.sodali.com (mailto:btg@info.sodali.com)

 

About Bytes Technology Group plc:

BTG is one of the UK and Ireland's leading providers of IT software
offerings and solutions, with a focus on cloud, security and AI products. The
Company enables effective and cost-efficient technology sourcing, adoption
and management across software services, including in the areas of security
and cloud. It aims to deliver the latest technology to a diverse and embedded
non-consumer customer base and has a long track record of delivering strong
financial performance.

 

The Company has a primary listing on the Main Market of the London Stock
Exchange and a secondary listing on the Johannesburg Stock Exchange.

 

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