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Intercede Group (IGP) investor relations material
Intercede Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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.
- Trading update due 8 October; H1 FY25 results expected 26 November.IGP
Trading update - H1 FY25 revenue expected up 22% YoY; period-end gross cash was £16.2m, with no debt.IGP
Trading update - Recurring revenue supported strong momentum, while gross cash rose to £18.7m with no debt.IGP
Trading update - Licence growth and c$3.2m of Q2 orders support maintained FY26 expectations.IGP
Trading update - ARR growth and H2 momentum underpin the reaffirmed £21m FY27 revenue target.IGP
Trading update - Record FY24 results and an expanded portfolio support the ambition to double FY23 revenue.IGP
H2 2024 - Revenue rose 22%, PBT 55%, with a larger pipeline supporting FY25 expectations.IGP
H1 2025 - Recurring revenue, product expansion and global demand underpin the double-digit growth target.IGP
H2 2025 - Recurring support and new orders underpin FY26 expectations despite H1 declines.IGP
H1 2026 - Delayed federal orders landed post-year-end; £21m FY27 guidance holds as recurring revenue grows.IGP
H2 2026
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