GBG Full Year Results 2026

GB GROUP PLC

("GBG", the "Group" or the "Company")

Full year results for the year ended 31 March 2026

Expectations delivered; accelerating momentum

One-off investment in FY27 to unlock faster growth and margin expansion

GBG, the global identity and location technology business, publishes its audited results for the year ended 31 March 2026.

Commenting, Dev Dhiman, CEO, said:

FY26 has been a year of considerable progress. We have delivered on the strategic initiatives that have the largest impact on our topline momentum, including returning Americas Identity to growth and generating strong demand for GBG Go - our global identity platform. Our simplified operating model is driving efficiency and platform scalability. The foundations we have built, a scalable, global platform, and a high-performance culture, are now translating into tangible results with growth accelerating.

GBG Go has been extremely well received by customers, and now is the time for us to be bolder in capitalising on the significant market opportunity. Given strong demand, we will accelerate Go's roadmap to release enhanced capabilities sooner, investing to drive incremental growth and expedite efficiency gains from retiring legacy technology, enhancing our competitiveness.

We enter FY27 from a position of strength, APAC and EMEA Identity and Location performed well as Americas Identity generated Q4 growth. Combined with the structural tailwinds expanding our markets, such as the acceleration of AI-driven fraud, we have a compelling opportunity ahead. We are confident we will accelerate growth and deliver sustained long-term shareholder value.

Click here to watch a short video by Dev Dhiman, CEO

Financial summary

• Group revenue up 3.2% on a CCY basis; driven by 5.7% second half growth in Identity and Location, which underpinned net revenue retention (NRR) of 100.0% (FY25: 101.4%)
• Adjusted operating profit of £67.5 million with adjusted diluted EPS up 9.3% to 19.0p, driven by the ongoing benefits of simplification and cost management, lower net interest costs, and buyback accretion
• Statutory loss before tax of £74.5 million, due primarily to a non-cash impairment charge of £73.1 million
• Capital allocation discipline; £45 million of share buybacks completed with a further £10 million committed
• Cash conversion of 87%; net debt of £80.1m, represents 1.15x leverage (FY25: 0.7x)

Strategic highlights

• GBG Go surpassed expectations, securing 100+ customer contracts since launch with 225+ qualified leads in the pipeline; our Foresight AI-powered analytics layer is now commercially available and further extends the platform's value
• Americas Identity returned to growth in Q4 with improved sales execution, stronger customer commitments and accelerating momentum into FY27
• Transitioned to a scalable global operating model to deliver faster innovation and a platform for long-term growth
• New and expanded relationships achieved with global brands such as Equifax, Uber, Remitly, FedEx and Temu
• Mid-single-digit revenue growth expected in FY27: Continued improvement in the Americas; accelerating contribution from new innovations and the increasing market opportunities from AI-driven fraud

Confident in our medium-term outlook: Growth acceleration enabled by one-off FY27 investment in GBG Go

• One-off operating cost investment of £6 million accelerating Go's innovation roadmap, working with an existing outsourced development partner; incremental revenue growth in FY28 of at least 1%; and c.2% once fully commercialised
• Adjusted operating margins of 21-22% in FY27 will reflect the one-off investment. Expected to return to 23-24% range in FY28 and exceed 24% in the medium-term as legacy technology retirement delivers efficiency gains

Results presentation this morning Management will host a presentation this morning at 9.30am for sell-side analysts and institutional investors.

To view the event online, use this link: https://www.investis-live.com/gb-group/69dfbf993d1719000fc334db/mgxty

The event will be available to view on demand via our investor website shortly after the event.

We have shared a short video from our CEO, Dev Dhiman, on this morning's update: Click here to open the video

For further information, please contact:

About GB Group plc ("GBG")

GBG exists to enable safe and rewarding digital lives for genuine people, everywhere. As the AI trust intelligence platform, we turn billions of interactions across people, places and businesses into the signals that help businesses drive and protect growth.

For over 30 years, we have combined global data with innovative technology to help more than 20,000 customers globally verify identity and location, protecting against digital crime, strengthening business resilience and driving responsible growth at scale.

GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index. Further information on our business can be found on our corporate website: www.gbgplc.com

For further information, please contact:
GBG
Richard Foster, Investor Relations
+44 (0) 7816 124164