**Summary of Croma Security Solutions Group PLC Half-Year Financial Report (H1 2026)**
**Overview**
Croma Security Solutions Group PLC (AIMCSSG), a UK-based security solutions provider, reported its unaudited interim results for the six months ended 31 December 2025. The period was marked by strategic investments, reorganisation, and acquisitions aimed at future growth, despite a planned reduction in profit.
**Key Financial Highlights**
**Revenue Growth**Revenue increased by 9% to £5.0 million (H1 2025: £4.6 million), driven by prior-year acquisitions, though partially offset by planned security centre refurbishments, branch consolidations, and customer caution ahead of the 2025 Autumn Budget.
**Profitability**EBITDA fell to £0.436 million (H1 2025: £0.572 million), and profit before tax dropped to £0.252 million (H1 2025: £0.456 million) due to higher costs from strategic investments and management hires.
**Cash Position**The company remains debt-free with cash reserves of £4.4 million (H1 2025: £4.2 million), plus an additional £0.85 million due from the Vigilant disposal by June 2026.
**Net Asset Value**Increased to 113p per share (H1 2025: 111p).
**Operational Performance**
**Portfolio Optimisation**Merged four security centres into two in Peterborough and Southampton, with refurbished locations.
**Acquisitions**Completed the acquisition of TLS Security Systems Limited in Taunton on 2 January 2026, expanding the security centre network to 17 locations.
**Digital Strategy**Reset Google Ads strategy and re-indexed online stock to improve online sales and profitability, though this temporarily reduced online sales.
**Management Strengthening**Invested in key hires across Operations, HR, Engineering, and Head Office to support scaling.
**Strategic Initiatives**
**Growth Focus**Emphasis on acquiring and integrating local locksmith businesses into modern security centres, with a pipeline of further acquisitions expected in H2 2026.
**Legislative Opportunities**Positioned to benefit from the Terrorism (Protection of Premises) Act 2025 (Martyns Law), offering integrated security and fire safety solutions.
**Freehold Properties**Strategic ownership of freehold properties for long-term control and flexibility, with recent refurbishments enhancing operational efficiency.
**Outlook**
**H2 2026**Positive trading performance expected, supported by a strong new business pipeline and improved customer sentiment post-Budget.
**Dividend**Plans to declare a single final progressive dividend with FY26 results.
**Confidence**The Board remains confident in meeting full-year targets, supported by the TLS acquisition and operational improvements.
**Conclusion**
Croma Security Solutions Group PLC’s H1 2026 results reflect a period of strategic investment and reorganisation, positioning the company for future growth. Despite short-term profit reductions, the company’s robust financial position, expanded network, and strong acquisition pipeline underscore its commitment to long-term expansion and shareholder value.
| Metric | H1 2025 (£000s) | H1 2024 (£000s) | Change |
|---|---|---|---|
| Revenue | 4,994 | 4,580 | +9% |
| EBITDA | 436 | 572 | -24% |
| Profit Before Tax | 252 | 456 | -45% |
| Earnings Per Share (pence) | 1.35 | 2.25 | -40% |
| Cash and Cash Equivalents | 4,361 | 4,174 | +4% |
| Net Debt | 0 | 0 | No Change |
| Net Asset Value per Share (pence) | 113 | 111 | +2% |