AGM Statement

In brief · summary, not quotable

FDM Group reported that trading for the first four months of the year has been in line with expectations, with a modest uptick continuing from previous months, although the number of assigned Consultants decreased to 1,961 as of April 30, 2026, compared to 2,003 at the end of 2025 and 2,366 a year prior. The company highlighted promising client engagement with its AI initiatives and maintained a robust balance sheet with £30 million in cash as of April 30, 2026, and no debt. Despite macroeconomic uncertainties, FDM Group remains agile and well-capitalized, anticipating improved performance as market conditions allow.

Full announcement

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FDM Group, a global professional services provider with a focus on Information Technology, today holds its Annual General Meeting.

Alan Kinnear, Chair of the Board, will present the following update to the meeting:

"Trading and Balance Sheet

We reported in our Preliminary Results announcement on 18 March 2026 that we were seeing encouraging signs, and experiencing a modest uptick in trading levels, in some of our markets. This has continued at similar levels over the last two months, and trading for the first four months of the year has been in line with the Board's expectations.

At 30 April 2026 the Group had 1,961 Consultants assigned with clients (31 December 2025: 2,003; 30 April 2025: 2,366).

Our client-focussed AI initiatives are showing promise and generating positive levels of client engagement, and we are well positioned to deliver AI-centric solutions for our clients now and as they evolve their AI adoption strategies.

The Board continues to act with prudence in respect of the variables over which it has control, while ensuring that the Group maintains the appropriate levels of resource and capacity to meet clients' needs, as and when demand improves.

The Group's balance sheet remains robust with cash balances at 30 April 2026 of £30 million (30 April 2025: £42 million). The Group has no debt and cash conversion remains strong.

Outlook

FDM remains an agile, lean and well-capitalized business with a highly experienced Board of Directors and a wide portfolio of clients across many sectors and geographies. While the Board remains mindful of current macroeconomic and political uncertainties, encouraging indicators continue to show in a number of our operating regions and FDM is well placed to deliver improved performance as soon as market conditions permit."

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.