REG - System1 Group PLC - Trading Update

System1Announcement

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RNS Number : 5104P  System1 Group PLC  20 January 2026

 

 

 

                                                    20
     January 2026

 

System1 Group PLC (AIM: SYS1)

 ("System1", or "the Company", or "the Group")

Trading Update - Growth in Platform Revenue in Q3 over first two quarters-

FY26 guidance maintained

 

System1 www.system1group.com (http://www.system1group.com) today issues an
update on trading for the quarter ended 31 December 2025 ("Q3 FY26", "Q3").

 

Platform revenue in Q3 was higher than the preceding two quarters, benefiting
from increased Adtesting revenue in the UK and Europe which in H1 experienced
reduced, but ongoing, spend by many clients due to the wider macroeconomic
uncertainty.

 

Platform revenue was in line with the previous record Q3 FY25, and grew by 1%
against that Q3 FY25 in constant currency. US platform revenue was in line
with H1, and momentum in Innovation Platform revenue continued.

 

Non-platform revenue was £0.4m lower than in Q3 FY25 resulting in a 4% fall
in reported total Group revenue (3% at constant currency) compared with last
year's record Q3.

 

Revenue from new client wins grew by 10% in the first nine months of FY26
compared with the same period in FY25.  These new clients contributed £7.4m
of the £25.7m Platform Revenue in the year to date, a third of it in the US,
and provide significant opportunities for future growth.

 

The Group held net cash of £8.3m at the end of December (Dec 2024: £10.2m)
following the £1.4m dividend payment in October.

 

The Board maintains the FY26 guidance(1) it provided on 23 September 2025 and
in the interim results on 2 December 2025.

 

 

 

 

 Revenue £ million - unaudited        Q3    Q3    Q3     YTD   YTD   YTD
                                      FY26  FY25  % YoY  FY26  FY25  % YoY
 Predict Your (data)                  8.1   8.2   -1%    21.5  21.5  0%
 Improve Your (data-led consultancy)  1.4   1.3   8%     4.2   4.7   -11%
 Platform Revenue                     9.5   9.5   0%     25.7  26.2  -2%
 Other consultancy (non-platform)     0.3   0.7   -57%   1.2   2.3   -48%
 Total Revenue                        9.8   10.2  -4%    26.9  28.5  -6%

 

Commenting on the trading update, CEO James Gregory said: "Q3 saw a recovery
in our revenue, particularly in UK & Europe, with many of our largest
clients' Adtesting spend normalising after a reduced H1, providing some
momentum for Q4. We therefore remain confident in maintaining our guidance for
the year."

 

Further information on the Company can be found at www.system1group.com
(http://www.system1group.com) .

 

(1) For the purpose of this announcement, the guidance provided in the 23
September 2025 announcement was for FY26 Revenue to be broadly in line with
the £37m achieved in FY25, and Adjusted Profit beforeTaxation(2) in a range
between £2.0 to £2.5 million.

(2) Adjusted Profit is Profit before Taxation excluding share-based payments

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain.

 

For further information, please contact:

 System1 Group PLC                                            Tel: +44 (0)7467 990147
 James Gregory, Chief Executive Officer
 Chris Willford, Chief Financial Officer

 Canaccord Genuity Limited (Nominated Adviser & Broker)       Tel: +44 (0)20 7523 8000
 Simon Bridges / Andrew Potts / Harry Rees

 Singer Capital Markets (Joint Broker)                        Tel: +44 (0) 20 7496 3000
 James Moat / James Fischer / Sara Hale

 

 

 

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