1H26 Results Statement

GB GROUP PLC

(“GBG”, the “Group” or the “Company”)

Half year results for the six months ended 30 September 2025

First half performance reflects strong operational execution, underlying momentum and improved sales pipeline.
Confident in delivering full year outlook for FY26

Today, GBG, a global identity technology business enabling safe and rewarding digital lives, announces its unaudited results for the six months ended 30 September 2025.

Commenting, Dev Dhiman, CEO, said:

“We are pleased with our operational execution, which delivered a first half financial performance reflecting underlying momentum and strong profitability and built an improved sales pipeline. We are firmly focused on driving shareholder value with good progress achieved to create a scalable global organisation well-positioned to achieve sustainable growth. Our priorities are to deliver the performance turnaround in the Americas, transition towards GBG Go as our single global platform and unlock synergies from a simpler operating model. We enter the second half reiterating our FY26 financial outlook in line with current market expectation which reflects our confidence in delivering a second half growth acceleration.”

¹Defined within note 19 to the results. ²Defined within note 10 to the results. Growth percentages are calculated with reference to the actual unrounded figures in the primary financial statements and so might not tie directly to the rounded figures found in this release if recalculated.

Financial summary

• Revenue of £135.5 million represents growth on a constant currency basis of 1.8% or 4.4% excluding the impact of last year’s exceptionally high project transaction volumes for a single customer, and planned platform retirement in Identity
• Adjusted operating profit of £29.5 million, up 1.9% or 4.6% on a constant currency basis, highlighting progress in our transformation to a simpler operating model
• Adjusted diluted EPS increased 12.6% to 8.2p, reflecting strong profitability, reduced net interest costs and tax
• £17 million of share buybacks in the first half with additional £18 million committed until 30 November 2025. Further £10 million share buyback announced today reflects the Board’s ongoing confidence in GBG’s long-term outlook
• Cash conversion on a 12-month rolling basis was 85.8% (1H FY25: 83.7%). Net debt of £66.6 million represents net debt to EBITDA leverage of 1.0x (FY25: 0.7x)

FY26 outlook reiterated with confidence in delivering second half growth acceleration

• Pleased with the strong operational execution that delivered our first half financial performance and an improved sales pipeline
• Our underlying momentum, including continued improvement in Americas, underpins the Board’s confidence that GBG will accelerate constant currency revenue growth to a mid-single-digit percentage in the second half
• FY26 financial performance is expected to be in line with current market expectations

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Strategic and operational highlights

Clear strategic priorities to drive shareholder value and sustainable growth with good progress to date:

• Turnaround Americas Identity to build a stronger, sustainable business in our largest market
  • Confident our current actions will result in the Americas returning to growth in the second half as a result of driving structural changes under new leadership.
• Transition to GBG Go to deliver a unified global identity platform across our core markets
  • Launched in April 2025 with 18 new logo wins now secured with more than 65 qualified opportunities in our pipeline
• Unlocking synergies from a simpler operating model by driving scale and efficiency to reinvest in accelerating growth
• Post-period end, completed bolt-on acquisition of DataTools Pty Ltd (“DataTools”) in Australia & New Zealand (ANZ), adding scale in a region where we are already enjoying strong growth
• Successfully completed the transition from AIM to Main Market of the London Stock Exchange on 30 October 2025

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Results presentation info

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

To view the event online, please follow this link: https://www.investis-live.com/gb-group/68ee215733e9f50017f9a0a2/bqpmr

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

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