GB Group PLC (LSE listed) – Half Year Results

2025-11-25 · Stocks · QuoteReporter

The stocks discussed are traded on the London Stock Exchange (LSE). On November 25, 2025, GB Group PLC (GBG), a global identity technology business, announced its unaudited half-year results for the six months ending September 30, 2025. The company reported a revenue of £135.5 million, reflecting a 1.8% growth on a constant currency basis compared to the previous year. This growth was 4.4% when excluding the impact of last year’s high project transaction volumes for a single customer and the planned retirement of a platform in the Identity segment.

The adjusted operating profit for the period was £29.5 million, marking a 1.9% increase, or 4.6% on a constant currency basis, indicating progress in transforming to a simpler operating model. The adjusted diluted earnings per share (EPS) rose by 12.6% to 8.2p, driven by strong profitability, reduced net interest costs, and tax benefits. Statutory revenue saw a slight decline of 1.0% from £136.9 million in the prior year, while operating profit decreased by 28.7% to £6.7 million. Profit before tax also fell by 26.8% to £4.1 million. However, the diluted EPS increased by 33.3% to 0.8p.

GBG’s financial performance was supported by a robust sales pipeline and strategic initiatives aimed at driving shareholder value and sustainable growth. The company executed £17 million in share buybacks during the first half and committed an additional £18 million until November 30, 2025. A further £10 million share buyback was announced, reflecting the Board’s confidence in GBG’s long-term outlook. Cash conversion on a 12-month rolling basis improved to 85.8% from 83.7% in the previous year, while net debt stood at £66.6 million, representing a net debt to EBITDA leverage of 1.0x.

Looking ahead, GBG reiterated its FY26 outlook with confidence in delivering accelerated revenue growth in the second half. The company expects to achieve mid-single-digit percentage growth in constant currency revenue, supported by improvements in the Americas and the transition to GBG Go, a unified global identity platform. Strategic priorities include turning around the Americas Identity segment, unlocking synergies from a simpler operating model, and expanding in the Australia and New Zealand region through the acquisition of DataTools Pty Ltd.

In summary, GBG’s half-year results demonstrate strong operational execution and strategic progress, positioning the company for continued growth and value creation. The Board remains confident in meeting the full-year financial expectations, supported by a scalable business model and a focus on driving efficiencies and growth across core markets.

Original Announcement

Title: Half year results
Date: 2025-11-25
Source: London Stock Exchange