REG - GB Group PLC - Trading Statement

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RNS Number : 3705B  GB Group PLC  22 April 2026

 Embargoed until 7.00 a.m.  22 April 2026

 

GB GROUP PLC

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

Results in-line; strong execution delivered growth acceleration

Today, GBG, the global identity and location technology business, confirms its
trading performance for the year to 31 March 2026 was in-line with market
expectations.

·      FY26 group revenue of £285 million represents 3.2% year on year
growth on a constant currency basis

·      Delivered second-half revenue growth acceleration to
mid-single-digits

·      FY26 adjusted operating profit of approximately £67.5 million
(FY25: £67.0 million); an operating margin of 23.7%

Revenue growth for our core segments of Identity(1) and Location accelerated
to 6% in the second half of the financial year on a constant currency basis.
This acceleration was driven by strong execution of our opportunities in EMEA
and the continued go-to-market performance improvement in Americas Identity,
which returned to growth in the fourth quarter.

We are very encouraged by the momentum achieved since launching GBG Go, our
all-in-one adaptive identity platform, in April 2025. The market response has
been positive and customer adoption is ahead of expectations with 90 wins,
including more than a quarter with a multi-solution requirement reflecting
Go's cross-sell potential, and we move into FY27 with a strong pipeline of
over 225 opportunities. The platform continues to grow in the capabilities and
value it delivers as we execute well on our innovation roadmap, releasing
low‑code integration and AI‑driven analytics that accelerate our
transition to become a more scalable and customer‑centric business.

GBG continues to be a highly cash-generative business with a strong balance
sheet. Having paid a final dividend of £11 million in respect of the prior
year and repurchased approximately 8% of GBG's equity during FY26 at a cost of
£45 million, GBG's net debt at the end of the year was £80 million. Our
share repurchases resumed on 1 April 2026 following the announcement of a
further £10 million buyback programme.

We announced the successful refinancing of our £175 million revolving credit
facility in March 2026. This new facility securing GBG's capital structure
until at least September 2030, will provide enhanced flexibility to support
the continued execution of our strategic objectives.

Dev Dhiman, Chief Executive, commented:

"I am pleased with our FY26 results which reflect our strong execution and
focus as one global team. Our accelerated revenue growth was driven by
improvement in the Americas, and the momentum within the rest of our core
business.

We have made significant strategic progress during the year - successfully
launching our flagship identity platform which expands our addressable market;
transitioned further toward a single global operating model; and again
demonstrated disciplined capital allocation, completing our first bolt-on
acquisition since 2022 and £45 million of share buybacks as we focus on key
areas and opportunities that create shareholder value. GBG also took the
important step of moving from AIM to the Main Market, reflecting our scale,
quality and global profile.

We are confident that our second-half performance reinforces our outlook to
deliver mid-single-digit revenue growth in FY27, with our focus now on
strategies to accelerate growth further."

Notice of results

GBG intends to release its full-year results on Tuesday, 02 June 2026. On the
morning of the announcement, a management presentation will be held in person
for institutional investors and sell-side analysts. Invitations to attend in
person will be circulated in due course. The event will also be broadcast live
via webcast, please sign up via: https://www.gbgplc.com/en/investors/
(https://www.gbgplc.com/en/investors/)

Note
(1)Excludes revenue related to the legacy Compliance platform that will be
retired, as indicated in our 1H26 results.

 

 For further information, please contact:

GBG                                                  Via IR / FTI Consulting

 Dev Dhiman, Chief Executive                          +44 (0) 7816 124164

David Ward, Chief Financial Officer

 Richard Foster, Investor Relations
                                                      +44 (0) 207 623 2323

 Barclays (Joint corporate broker)

 Robert Mayhew, Nicola Tennent & James Atkinson
                                                      +44 (0) 207 260 1000

 Deutsche Numis (Joint corporate broker)

 Joshua Hughes, Tejas Padalkar & Spencer Clark

 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 and location 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 provide mission-critical services that protect against digital crime,
 strengthens business resilience and drives responsible growth, at scale,
 across a diverse range of sectors. Today, our team of over 1,000 people serve
 more than 20,000 customers globally.

 GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250
 index. 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 and location 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 provide mission-critical services that protect against digital crime,
strengthens business resilience and drives responsible growth, at scale,
across a diverse range of sectors. Today, our team of over 1,000 people serve
more than 20,000 customers globally.

 

GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250
index. Further information on our business can be found on our corporate
website: www.gbgplc.com (http://www.gbgplc.com/)

 

 

 

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