Netcall (NET) investor relations material

Executive summary

• Revenue increased 15% year-on-year to over GBP 26 million, driven by organic growth and the Jadu acquisition.

• Cloud services revenue surged 34% to GBP 17.9 million, with Cloud ACV up 42% to GBP 42.6 million.

• Recurring revenue rose to 83% of total, enhancing revenue quality and visibility.

• AI-related bookings more than tripled year-on-year, now a growing share of new ACV.

• Ended period with GBP 14.8 million cash, no debt, and a record GBP 92 million contract order book.

Financial highlights

• Adjusted EBITDA increased 13% to GBP 6.5 million, with a margin of 24.4%.

• Adjusted diluted EPS up 10% year-on-year to 2.41 pence per share.

• Adjusted profit before tax rose 11% to GBP 5.43 million; profit before tax fell 31% to GBP 2.54 million due to acquisition costs.

• Contracted order book up 30% year-on-year to GBP 92.4 million, with GBP 47.9 million to be recognized in the next 12 months.

• Group cash at period end was GBP 14.8 million, down from GBP 22 million year prior, reflecting GBP 12.7 million in acquisition payments.

Outlook and guidance

• Board remains confident in outlook, citing strong pipeline, record order book, and debt-free balance sheet.

• AI adoption and bookings expected to continue driving growth.

• Jadu integration progressing well and expected to contribute positively in H2.

• Anticipates further margin improvement as acquisition synergies are realized.