REG - GB Group PLC - AGM Statement

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RNS Number : 9353R  GB Group PLC  22 July 2025

 Embargoed until 7.00 a.m.  Tuesday, 22 July 2025

 

GB GROUP PLC

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

 

2025 AGM Statement

 

Today, GBG, a global identity technology business enabling safe and rewarding
digital lives, will hold its Annual General Meeting ("AGM") today at 10.00 am
BST at its offices in London.

Ahead of the formal business of the AGM, Richard Longdon, Non-Executive Chair,
will make the following statement:

 

"As reported in our full-year results announcement on 10(th) June 2025, FY25
marked a year of transition. Under new leadership, the Group made strong
operational progress, set out a clear strategic direction that reinforces our
confidence in accelerating future growth and aligned behind a new purpose,
'enabling safe and rewarding digital lives for genuine people, everywhere',
which reflects the mission-critical nature of our business.

During FY25, the Group delivered constant currency revenue growth of 3.0% to
£282.7 million. This was encouraging given the challenging macroeconomic
backdrop as well as the ongoing turnaround of our Americas Identity business.
Within this, it was pleasing to see our net revenue retention rate (NRR) for
Identity and Location increasing to 101.1% and growth in annual recurring
revenue (ARR) in Fraud of 5.0%. The Group also delivered strong profitability
as a continued focus on simplification and global alignment underpinned
adjusted operating profit growth of 9.5% to £67.0 million.

Consistent with our results announcement on 10 June, GBG traded in line with
our expectations during the first quarter of FY26, and our full year revenue
outlook remains consistent with current market expectations. We continue to
expect that, given the relative strength of the first half of FY25, our FY26
growth in constant currency terms will naturally be second half weighted.
Based on current spot rates, FX translation will be a headwind to reported
revenue growth, with the majority of this impact already reflected in current
market expectations.

Looking ahead, GBG has clear strategic priorities focused on long-term value
creation through product innovation, market expansion, and operational
excellence to capitalise on the significant growth opportunities ahead. This
includes further operational improvements in Americas Identity; enhancements
to sales productivity and embedding a new performance management framework.
Underpinned by our core strengths in Identity fraud and Location, the business
will also continue to drive increased value to our customers through broader
adoption of AI-driven capabilities and continued investment in GBG Go as the
business evolves towards a platform model with global scale.

Commencement of a share repurchase programme

The Board of GBG has approved the commencement of a share buyback programme in
respect of its shares up to a maximum amount of £25 million, which we intend
to begin tomorrow. The Board considers a share buyback to be an attractive use
of surplus capital, aligned with our capital allocation policy, to generate
significant shareholder value over the long-term.

Update on intention to move from AIM to the Main Market

GBG confirms that the necessary workstreams are underway to support our
proposed application to the Financial Conduct Authority for the Group's
ordinary shares to be admitted to the ESCC segment of the Official List and to
trading on the Main Market of the London Stock Exchange ("Admission") with the
Admission expected to occur by early November 2025."

 

 

 For further information, please contact:

GBG

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

 Richard Foster, Investor Relations                   +44 (0) 7816 124164
 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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