Trading Update

Newmark expects a year‑on‑year revenue increase for the six months to 31 October 2026 and reports HCM annualised recurring revenue (ARR) of £4.3m in September 2026, up 13% year‑on‑year (26% underlying after adjusting for a phased‑out Mexican services contract); commercial progress includes a large U.S. airline order, a D2E Workday customer win and a significant clock supply order due by year‑end, the first AI agent went live in May and product development (AI hardware and GT1 lower‑cost clock) is on track for 2027, Safetell was disposed on 30 September 2026, Access Control is being sold and management is pursuing group cost savings to focus on HCM growth.