REG - SysGroup PLC - Year End Trading Update

SysGroupAnnouncement

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RNS Number : 1477A  SysGroup PLC  13 April 2026

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

13 April 2026

SysGroup plc

("SysGroup" or the "Group")

Year End Trading Update

FY26 revenue and adjusted EBITDA ahead of market expectations

 

SysGroup plc (AIM:SYS), the trusted partner for cloud, cybersecurity, and AI
enablement, delivering end to end solutions at the intersection of
cybersecurity and digital transformation for the UK mid-market, is pleased to
provide a trading update for the financial year ended 31 March 2026 ("FY26").

Trading Performance

Group revenue increased by 7.6% to £22.1m (FY25: £20.5m), driven by a
stronger second half of the financial year. Revenue in H2 increased by 17.2%
compared with the same period in FY25, including £1.1m from the Saxis Group
Limited ("Saxis") acquisition which completed in December 2025. On an organic
basis, H2 revenue grew by 7.0% year on year.

The Group expects to report Adjusted EBITDA(1) of £1.2m for FY26 (FY25:
£0.9m; H1 FY26: £0.2m), ahead of current market expectations.

The Group ended the year with gross cash of £7.7m (FY25: £8.7m) and a net
cash(2) position of £2.7m (FY25: £3.6m), following the payment of £1.3m in
cash consideration relating to the acquisition of Saxis.

Heejae Chae, Executive Chair of SysGroup, says:

"FY26 has been a year of disciplined execution and clear progress for
SysGroup. A stronger second half, supported by improved go-to-market
effectiveness and continued demand in cybersecurity, has driven full-year
performance ahead of expectations.

During the second half, we implemented a number of operational and strategic
changes, including the increased use of AI across our go-to-market and service
delivery activities. The early benefits of these changes began to come through
in Q4 and provide a stronger platform for the business as we enter the new
financial year.

With improved profitability, a robust cash position, and enhanced capabilities
following the Saxis acquisition, we have entered FY27 with positive momentum.
This update marks an important milestone ahead of our full year results in
July, where we will provide further detail on performance and outlook."

Notes

1.   Adjusted EBITDA is earnings before interest, taxation, depreciation,
amortisation of intangible assets, exceptional items share-based payments and
share scheme set up costs.

2.   Net cash/(debt) represents cash balances less bank loans and lease
liabilities, excluding contingent consideration of £0.5m relating to the
Saxis acquisition.

About SysGroup

SysGroup plc is a trusted provider of cloud, cybersecurity and digital
infrastructure services to the UK mid-market. The Group helps organisations
modernise, secure and optimise their IT environments through a consultative,
end-to-end service offering.

The Group has offices in Edinburgh, London, Manchester and Newport.

For more information, visit www.sysgroup.com (http://www.sysgroup.com)

 For further information please contact:

 SysGroup Plc                                  Tel: 0333 101 9000

 Heejae Chae, Executive Chair

 Owen Philips, Chief Financial Officer
 Zeus Capital (Nominated Adviser and Broker)   Tel: 0161 831 1512

 Jordan Warburton

 James Whyman

 Emma Burn

 Nick Searle

 

 

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