Kainos Group (KNOS) Q1 2026 TU earnings summary

Executive summary

• Sequential improvement in performance following a strong Q4 2025, with revenues expected at the upper end of consensus forecasts for FY26.

• Strong sales across all three divisions are driving further operating progress and necessitating increased recruitment and contractor use.

• The company remains confident in its strategy, supported by a robust backlog, healthy pipeline, and solid balance sheet.

Financial highlights

• Revenues for FY26 are now expected at the upper end of the consensus range (£378.0m–£393.4m), with consensus at £385.0m.

• Adjusted PBT is anticipated to be in line with consensus forecasts (£65.1m–£74.7m, consensus £66.4m).

• Workday Products division surpassed $100m in Annual Recurring Revenue in July.

Outlook and guidance

• Anticipates delivering Adjusted PBT in line with current consensus forecasts.

• New product, Pay Transparency, to launch in Q3 to address EU regulatory changes.

• Macro-economic volatility persists, but long-term structural drivers and AI adoption present growth opportunities.