GB GROUP (GBG) Trading Update summary

Trading performance highlights

• Group revenue reached approximately £283 million, a 3% increase on a constant currency basis compared to FY24.

• Identity segment grew 3%, with EMEA and APAC driving gains and Americas operations stabilizing under new leadership.

• Location segment achieved over 6% growth, supported by strong net revenue retention and partner channel success.

• Fraud segment declined by 4% due to timing differences in licence renewals, though the second half saw modest growth and strong retention.

• Adjusted operating profit is expected at £67 million, up 10%, driven by cost control and efficiency improvements.

Financial position and cash flow

• Exceptional costs of around £4.5 million were incurred for business simplification and global alignment initiatives.

• Cash conversion exceeded 90%, reducing net debt to £48.5 million from £80.9 million a year earlier.

• Undrawn credit facilities stand at approximately £100 million, further strengthening the balance sheet.

Strategic outlook and innovation

• Recurring subscription revenues and strong net revenue retention underpin a sustainable growth approach.

• Launch of the unified identity platform, GBG Go, positions the company to capitalize on long-term market opportunities.

• Near-term growth is expected to accelerate gradually, though macroeconomic uncertainty may moderate progress.

• A refreshed purpose focuses on enabling safe, rewarding digital lives globally, with further strategic initiatives to be outlined in June.