GB GROUP (GBG) Q2 2026 TU earnings summary

Executive summary

• First half financial results met Board expectations, with revenue of £135.5 million for the six months to 30 September 2025, reflecting 1.8% constant currency growth year-over-year.

• Underlying revenue growth was approximately 4% after adjusting for a tough prior-year comparison and planned retirement of a legacy platform.

• Focus remains on accelerating growth in the second half, particularly in the Americas Identity business.

Financial highlights

• Reported revenue of £135.5 million for 1H26, compared to £136.9 million in 1H25.

• Net debt as of 30 September 2025 was £65.8 million, with undrawn debt facilities of around £85 million.

Outlook and guidance

• Full year revenue outlook reiterated, with confidence in accelerating growth in the second half and achieving market expectations.

• Strong sales pipeline and operational execution underpin positive outlook.