**Summary of GB Group PLC Half-Year Results (H1 FY26):**
GB Group PLC, a global identity technology company, reported its half-year results for the six months ended 30 September 2025, highlighting strong operational execution, underlying momentum, and an improved sales pipeline. The company reiterated its confidence in delivering its full-year outlook for FY26, with a focus on driving shareholder value and sustainable growth.
**Financial Highlights**
**Revenue** £135.5 million, representing 1.8% growth on a constant currency basis, or 4.4% excluding the impact of last years high project transaction volumes for a single customer and planned platform retirement in Identity.
**Adjusted Operating Profit** £29.5 million, up 1.9% or 4.6% on a constant currency basis, reflecting progress in simplifying the operating model.
**Adjusted Diluted EPS** Increased 12.6% to 8.2p, driven by strong profitability, reduced net interest costs, and tax.
**Net Debt** £66.6 million, with a net debt to EBITDA leverage of 1.0x.
**Strategic and Operational Highlights**
1. **Americas Turnaround** GBG is addressing execution challenges in the Americas, its largest market, with a focus on strengthening the go-to-market, customer success, and data science teams. The company expects the Americas to return to growth in the second half of FY26.
2. **GBG Go Platform** Launched in April 2025, GBG Go has secured 18 new logo wins and has a pipeline of over 65 qualified opportunities. The platform aims to deliver a unified global identity solution across core markets.
3. **Simplified Operating Model** GBG is unlocking synergies by driving scale and efficiency, reinvesting savings into growth initiatives.
4. **Acquisition of DataTools** Completed a bolt-on acquisition of DataTools in Australia and New Zealand, adding scale and cross-sell opportunities in a strong growth region.
5. **Main Market Listing** Successfully transitioned from AIM to the Main Market of the London Stock Exchange, enhancing liquidity and market profile.
**Outlook**
GBG reiterated its FY26 financial outlook, expecting constant currency revenue growth to accelerate to mid-single-digit percentages in the second half. The company remains focused on its strategic priorities, including the Americas turnaround, GBG Go platform transition, and operational simplification, to drive sustainable growth and shareholder value.
**Shareholder Returns**
Completed £17 million of share buybacks in H1 FY26, with an additional £18 million committed until 30 November 2025.
Announced a further £10 million share buyback program, reflecting confidence in the long-term outlook.
**Conclusion**
GBG Group PLCs H1 FY26 results demonstrate progress in its strategic initiatives, with a focus on operational efficiency, platform unification, and market expansion. The companys confidence in its full-year outlook and commitment to shareholder returns underscore its positive trajectory.
| Metric | 1H FY26 | 1H FY25 | Change |
|---|---|---|---|
| Constant Currency Revenue (£m) | 135.5 | 133.2 | 1.8% |
| Gross Margin | 70.0% | 69.6% | +40bps |
| Constant Currency Adjusted Operating Profit (£m) | 29.5 | 28.2 | 4.6% |
| Adjusted Operating Profit (£m) | 29.5 | 29.0 | 1.9% |
| Adjusted Diluted Earnings per Share (p) | 8.2 | 7.3 | 12.6% |
| Revenue (£m) | 135.5 | 136.9 | (1.0%) |
| Operating Profit (£m) | 6.7 | 9.4 | (28.7%) |
| Profit Before Tax (£m) | 4.1 | 5.6 | (26.8%) |
| Diluted Earnings per Share (p) | 0.8 | 0.6 | 33.3% |
| Net Debt (£m) | 66.6 | 71.9 | (7.4%) |