REG - GB Group PLC - Trading Statement

GBAnnouncement

16/10/2025 07:02

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RNS Number : 6418D  GB Group PLC  16 October 2025

 Embargoed until 7.00 a.m.  Thursday, 16 October 2025

GB GROUP PLC

("GBG", "Group" or the "Company")

First half in-line; well positioned to accelerate second half growth with full
year revenue outlook reiterated

GBG, a global identity technology business enabling safe and rewarding digital
lives, today provides an update on its trading performance for the six-month
period to 30 September 2025.

Our first half financial results are in line with the Board's expectations and
the Group's focus on improved execution to deliver growth acceleration is on
track.

We expect to report first half revenue of £135.5 million (1H25: £136.9
million), representing 1.8% growth on a constant currency basis. This
performance reflects two anticipated short-term factors: a tough comparative
from the prior year when our Identity segment delivered exceptionally high
project transaction volume for Santander's UK consumer bank, and the planned
retirement of our legacy Compliance platform as part of our strategic
simplification. Adjusting for these impacts, underlying revenue growth was
approximately 4%(1), demonstrating the improving business momentum.

Focus on driving growth acceleration

Our identity platform, GBG Go launched on 1 April with good progress in line
with our expectations. The platform has been the catalyst for a number of new
logo wins globally, alongside strong interest from some of our larger,
existing customers such as one of Europe's largest fintechs, recognising the
additional value that GBG Go's adaptive platform delivers.

Our key priority remains to deliver the turnaround in our Americas Identity
business where we have continued to strengthen our go-to-market team and
achieved initial success in increasing committed subscription revenues. Our
channel partner business continues to perform strongly, with sales traction in
Government and travel/border control sectors. We also have a stronger, more
robust sales pipeline aided by strong customer interest in GBG Go. As a
result, the Americas business is well positioned to return to growth in the
second half.

Delivering long-term benefit through transformation and efficient capital
allocation

Clear prioritisation has enabled the business to maintain strong cost control.
As the transformation of GBG continues, we have reinvested the savings
realised from simplification and efficiency into our core growth initiatives.
In line with previous guidance, costs of approximately £2.0 million were
incurred in the first half of the year arising from our transformation
initiatives such as the implementation of a single global CRM platform. These
will be treated as exceptional costs in the half year along with the costs
associated with our imminent transition from AIM to the Main Market.

Increasing shareholder value through efficient capital allocation

GBG has today separately announced the financially attractive bolt-on
acquisition of DataTools Pty Ltd ("DataTools"), a leading provider of address
validation and data quality solutions in Australia and New Zealand for AUD
$16.0 million (£7.9 million) adding scale in a region where GBG is already
enjoying strong growth.

In addition, since the start of FY26, GBG has repurchased and cancelled 7.9
million ordinary shares at a total cost of £19.7 million. The unutilised
amount of the current share repurchase programme is £15.3 million, with the
programme due to run until the 30 November 2025. Net debt as at 30 September
stood at £65.8 million with further undrawn debt facilities of around £85
million.

 

Commenting on the results, Dev Dhiman, CEO, said:

 "The Board and I are pleased with the operational execution delivered in the
first half, underpinning our confidence into the second half of the year. We
successfully delivered our financial plan for the first half and taken
together with the strength of our current sales pipeline for the remainder of
the year, GBG is well positioned to accelerate growth in the second half and
achieve our revenue outlook for the full year consistent with current market
expectations.

At the same time, clear prioritisation of our transformation towards a single
global platform and ongoing performance turnaround in the Americas will
provide enduring benefit and improved shareholder value."

Notice of results

GBG intends to release its Interim results on Tuesday, 25 November 2025. On
that morning, a management presentation will be hosted virtually for investors
and sell-side analysts from 9.30am GMT. Webcast sign-up details can be found
on our investor relations website.

 

¹On a constant-currency basis

 

 For further information, please contact:

GBG

 Dev Dhiman, CEO & David Ward, CFO                        +44 (0) 1244 657333

 Richard Foster, Investor Relations                       +44 (0) 7816 124164
 Deutsche Numis (Nominated Adviser and Corporate Broker)  +44 (0) 0207 260 1000

 Simon Willis, Joshua Hughes & Tejas Padalkar
 Barclays (Corporate Broker)                              +44 (0) 207 623 2323

 Robert Mayhew, Nicola Tennent & James Atkinson
 FTI Consulting (Financial PR)                            +44 (0) 203 727 1779

 Ed Bridges, Dwight Burden & Emma Hall                    GBG@fticonsulting.com (mailto:GBG@fticonsulting.com)

 Website                                                  www.gbgplc.com/investors
 About GB Group plc ("GBG")

 GBG is a global identity technology business, enabling safe and rewarding
 digital lives for genuine people, everywhere.

 For over 30 years, we have combined global data with our innovative technology
 to make sure that genuine people everywhere can digitally prove who they are
 and where they live.

 We are an essential ingredient that protects against digital crime,
 strengthens business resilience and drives responsible growth, at scale,
 across a diverse range of sectors. Today, our team of over 1,100 people serve
 more than 20,000 customers globally.

 GBG is a publicly traded company (LSE: GBG). Further information on our
 business can be found on our corporate website: www.gbgplc.com
 (http://www.gbgplc.com/)

About GB Group plc ("GBG")

GBG is a global identity technology business, enabling safe and rewarding
digital lives for genuine people, everywhere.

For over 30 years, we have combined global data with our innovative technology
to make sure that genuine people everywhere can digitally prove who they are
and where they live.

We are an essential ingredient that protects against digital crime,
strengthens business resilience and drives responsible growth, at scale,
across a diverse range of sectors. Today, our team of over 1,100 people serve
more than 20,000 customers globally.

GBG is a publicly traded company (LSE: GBG). Further information on our
business can be found on our corporate website: www.gbgplc.com
(http://www.gbgplc.com/)

 

 

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