Newmark Security (NWT) Trading update summary

Trading performance

• H1 2027 core HCM revenue expected to rise YoY; revenue remains weighted towards H2, as in prior years.

• HCM ARR rose 13% YoY to £4.3m in September 2026 from £3.8m; underlying growth was 26% excluding the phased-out Mexican services contract.

HCM wins

• Won a first large order from a large U.S. airline customer secured in FY 2026, plus another sale to a global home furnishings company through Legion.

• Secured a first U.S. direct-to-end-user sale and first Workday customer win; extended the largest HCM customer relationship with a significant clock supply agreement due by FY-end.

Product development

• First AI agent version went live in GT Connect in May, enabling users to query real-time workforce operations.

• Developing AI-enabled hardware capabilities for an existing clock for release by mid-2027; lower-cost GT1 clock is progressing toward a 2027 launch, with positive customer design feedback.