Netcall (NET) Trading update summary

Financial performance and growth

• Revenue expected to rise 20% to £57.7m, with 12% organic growth and contributions from acquisitions.

• Adjusted EBITDA anticipated to increase 23% to £12.1m, with margin improving to 21%.

• Net cash at year-end was £21.0m after £13.4m in acquisition-related payments.

• Approximately 30% of incremental organic revenue converted to Adjusted EBITDA, reflecting strong operating leverage.

Cloud and AI momentum

• Cloud Annual Contract Value (ACV) grew 37% to £46.3m, with 24% underlying organic growth.

• Total ACV increased 27% to £53.7m, driven by new and existing customers adopting more subscriptions.

• Sales of AI-related products nearly tripled, included in over 40% of new Cloud sales orders.

Strategic initiatives and outlook

• Integration of Jadu acquisition completed, achieving close to £1.0m in annualised cost synergies and initial cross-sales.

• Record sales pipeline at the start of FY27, supported by demand for Cloud-based automation and AI-enabled solutions.

• Continued focus on investing in the Liberty platform and pursuing selective acquisitions.