NCC Group

NCC · Main Market · Technology · mcap £225m · 151.6p

NCC Group sells cyber security services such as testing, consulting and managed services to businesses and governments. Until May 2026 it also ran Escode, a software escrow business that holds code in trust for customers.

Target	Promise	Said	Status
2026
30 Sep 2026	Return Cyber Security to revenue growth in FY26	19 Jun 2025	… In progress
	“Current Cyber Security pipeline is building and we expect to return to revenue growth in FY26.” Result Not yet due.
30 Sep 2026	FY26: marginal revenue growth, Cyber growth mid to low single digits, EBITDA growing faster than revenue	11 Dec 2025	… In progress
	“The Board anticipates mid to low single-digit Cyber Security revenue growth for the full year ending 30 September 2026” Also stated 11 Jun 2026 Result Not yet due.
Today · 11 Oct 2026
2027
31 Jan 2027	£70m share buyback programme, expiring 31 January 2027	21 Jan 2026	… In progress
	“The purpose of the Share Buyback Programme is to reduce the Company's share capital and return capital to shareholders” Status so far Not yet due.
2028
30 Sep 2028	Cyber revenue growth of mid-single digit in FY27 and FY28	11 Jun 2026	… In progress
	“Cyber Security revenue growth of mid-single digit in FY27 and FY28” Status so far Not yet due.
30 Sep 2028	Mid-teens Cyber Adjusted EBITDA margin by end of FY28	11 Jun 2026	… In progress
	“Generating, mid-teens Adjusted EBITDA margins for Cyber (including Central and Head Office costs) by the end of FY28” Status so far Not yet due.
30 Sep 2028	Cut costs by c.£25m versus FY25 by FY28, with £7m in FY26	11 Jun 2026	… In progress
	“Reducing costs in gross margin and overheads to generate savings compared to FY25 of c.£25m in FY28” Status so far Not yet due.