Trading Statement.

GB GROUP PLC

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

Results in-line; strong execution delivered growth acceleration

Today, GBG, the global identity and location technology business, confirms its trading performance for the year to 31 March 2026 was in-line with market expectations.  

·      FY26 group revenue of £285 million represents 3.2% year on year growth on a constant currency basis

·      Delivered second-half revenue growth acceleration to mid-single-digits

·      FY26 adjusted operating profit of approximately £67.5 million (FY25: £67.0 million); an operating margin of 23.7%

Revenue growth for our core segments of Identity¹ and Location accelerated to 6% in the second half of the financial year on a constant currency basis. This acceleration was driven by strong execution of our opportunities in EMEA and the continued go-to-market performance improvement in Americas Identity, which returned to growth in the fourth quarter.

We are very encouraged by the momentum achieved since launching GBG Go, our all-in-one adaptive identity platform, in April 2025. The market response has been positive and customer adoption is ahead of expectations with 90 wins, including more than a quarter with a multi-solution requirement reflecting Go's cross-sell potential, and we move into FY27 with a strong pipeline of over 225 opportunities. The platform continues to grow in the capabilities and value it delivers as we execute well on our innovation roadmap, releasing low‑code integration and AI‑driven analytics that accelerate our transition to become a more scalable and customer‑centric business.

GBG continues to be a highly cash-generative business with a strong balance sheet. Having paid a final dividend of £11 million in respect of the prior year and repurchased approximately 8% of GBG's equity during FY26 at a cost of £45 million, GBG's net debt at the end of the year was £80 million. Our share repurchases resumed on 1 April 2026 following the announcement of a further £10 million buyback programme.   

We announced the successful refinancing of our £175 million revolving credit facility in March 2026. This new facility securing GBG's capital structure until at least September 2030, will provide enhanced flexibility to support the continued execution of our strategic objectives.

Dev Dhiman, Chief Executive, commented:

"I am pleased with our FY26 results which reflect our strong execution and focus as one global team. Our accelerated revenue growth was driven by improvement in the Americas, and the momentum within the rest of our core business.

We have made significant strategic progress during the year - successfully launching our flagship identity platform which expands our addressable market; transitioned further toward a single global operating model; and again demonstrated disciplined capital allocation, completing our first bolt-on acquisition since 2022 and £45 million of share buybacks as we focus on key areas and opportunities that create shareholder value. GBG also took the important step of moving from AIM to the Main Market, reflecting our scale, quality and global profile.

We are confident that our second-half performance reinforces our outlook to deliver mid-single-digit revenue growth in FY27, with our focus now on strategies to accelerate growth further."

Notice of results

GBG intends to release its full-year results on Tuesday, 02 June 2026. On the morning of the announcement, a management presentation will be held in person for institutional investors and sell-side analysts. Invitations to attend in person will be circulated in due course. The event will also be broadcast live via webcast, please sign up via: https://www.gbgplc.com/en/investors/

Note
¹Excludes revenue related to the legacy Compliance platform that will be retired, as indicated in our 1H26 results.