Intercede Group (IGP) investor relations material

H1FY27 trading

• Revenue expected at £10.85m vs £8.21m in H1FY26, up 32.1% reported and 34.5% on a constant currency basis.

• Revenue mix: subscription licences £0.45m; perpetual licences £2.73m; Support & Maintenance £5.64m; professional services, repeatable revenue and development income £2.02m.

• Gross cash £23.4m at 30 September 2026 vs £17.8m a year earlier and £20.0m at 31 March 2026; no debt.

• H2FY27 started well; FY27 performance expected in line with market expectations of £21m revenue and £5.0m adjusted EBITDA.

Orders and renewals

• Contract orders and renewals since 3 August totalled £3.0m across subscription and perpetual licences, Support & Maintenance, professional services and development.

• Orders included a £0.42m subscription licence and Support & Maintenance order for a US Federal deployment, and a £0.24m perpetual licence order with Support & Maintenance for a US defence and aerospace customer.

• Support & Maintenance renewals included £0.45m and £0.24m from US defence and aerospace manufacturers, £0.35m for a US Department of State deployment, £0.19m from a North American telecoms customer and £0.14m for a US Federal agency.

• Professional services and development orders for a US Federal POC deployment totalled £0.37m; remaining orders covered smaller licence, recurring revenue and services activity.

• An Authority to Proceed was received for US Federal agency development work, initially valued at £0.52m; a formal purchase order is expected in Q3FY27.

Outlook

• CEO cited a healthy, geo-diverse pipeline, increasing revenue visibility into FY28 and confidence in FY27 delivery in line with market expectations.

• H1FY27 interim results are expected on 24 November 2026.