UK's Gattaca H1 profit surges on InfoSec People acquisition

Gattaca

24/03/2026 07:16

Overview

UK specialist staffing firm's H1 revenue rose 10% yr/yr, driven by broad sector growth

Net Fee Income for H1 up 13% yr/yr, boosted by InfoSec People acquisition

Adjusted pretax profit for H1 nearly tripled yr/yr, reflecting margin improvements

Outlook

Gattaca maintains FY26 continuing underlying profit before tax guidance at £4.5 mln

Company expects subdued permanent recruitment conditions to continue in the medium term

Gattaca aims for 10% sales headcount growth in core markets this yr

Result Drivers

SECTOR GAINS - Defence, Energy, and Digital Technology sectors saw strong NFI growth, with Defence up 29% yr/yr and Energy and Digital Technology each up 13% yr/yr

INFOSEC ACQUISITION - Acquisition of InfoSec People contributed £1 mln to NFI and expanded cyber security offering

CONTRACT FOCUS - Contract NFI up 15% yr/yr, offsetting weak permanent recruitment demand

Company press release: ID:nRSX7768Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 212.40 mln
H1 Net Income
GBP 1.80 mln
H1 Adjusted Pretax Profit
GBP 3 mln
H1 Basic EPS
GBP 0.06
H1 Net Fee Income
GBP 21.40 mln
H1 Pretax Profit
GBP 2.60 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the employment services peer group is "buy."

Wall Street's median 12-month price target for Gattaca PLC is GBp160.00, about 52.4% above its March 23 closing price of GBp105.00

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)