Redcentric (RCN) H1 26/27 TU earnings summary

H1 trading performance

• H1 FY27 revenue expected at £63.7m vs £66.8m in H1 FY26, in line with management expectations; reflects customer cancellations, timing of new business conversion and focus on higher-margin business.

• Adjusted EBITDA expected at £9.1m, flat YoY and modestly above expectations; margin 14.3% vs 13.6% in 2025.

• Gross margin increased to 63.1% from 61.6% in H1 FY26, in line with forecast.

• Revenue and adjusted EBITDA figures are unaudited management expectations; results exclude the Data Centre business and H1 FY26 comparators also exclude it.

Outlook and balance sheet

• FY27 adjusted EBITDA guidance remains £18.4m, in line with market expectations.

• Net debt was ~£5.0m at 30 September 2026.

• Interim results are expected in the week commencing 7 December 2026; they are anticipated to confirm resumption of an interim dividend.

• Data Centre sale proceeds were announced on 18 September 2026; the business will be presented as a discontinued operation under IFRS.