Newmark Security PLC

NWT · AIM · Industrial Goods and Services · mcap £10m · 107.5p

Newmark's main business, Grosvenor Technology, makes timeclock devices and cloud software that connect to workforce management systems, earning growing subscription revenue. It formerly also ran Safetell, which supplied physical security products such as ballistic protection.

Target	Promise	Said	Status
2024
30 Apr 2024	Both divisions to deliver full year revenue growth in FY24	25 Jan 2024	✓ Kept
	“both divisions set to deliver full year revenue growth” Result FY24 revenue rose 10% to £22.3m from £20.3m. “Both divisions delivered growth through customer acquisition and increased recurring revenue streams, leading to improved profitability and cash generation.”10 Sep 2024 · Final Results “Group revenue grew again, increasing by 10% year-on-year to £22.3 million (2023: £20.3 million) with gross profit also increasing, up 12% to £8.6 million (2023: £7.6 million). This was driven by positive performances in both divisions.”10 Sep 2024 · Final Results
2025
30 Apr 2025	Complete development of next generation access control product in the next financial year	25 Jan 2024	✗ Missed · target changed
	“the business is on track to complete the development of its next generation access control product in the next financial year” Result No completion reported; by 2026 the company was running an Access Control strategic review with a fuller update promised in the FY26 Annual Report. “As disclosed in our most recent annual report released in September 2025, the management team decided to undertake a review of Access Control's strategy considering the delays with its software partner, which have continued to hold back our ability to bring the new Janus C4 Ultra to market.”15 Jan 2026 · Half-year Results “As announced at the half year, ongoing delays with Access Control's software partner continued to hold back the division's ability to bring Janus C4 Ultra to market. The Board therefore took the decision to focus all investment within Grosvenor on HCM and commenced a strategic review of Access Control.”21 May 2026 · Full Year Trading Update
30 Apr 2025	Generate higher FY25 revenue than the prior year (£22.3m)	10 Sep 2024	✓ Kept
	“remains on track to generate higher revenues than last year” Also stated 22 Oct 2024 · 31 Jan 2025 · 18 Mar 2025 Result FY25 revenue rose 3% to £23.0m. “Revenue up 3% to £23.0 million (2024: £22.3 million)”4 Sep 2025 · Final Results
31 Oct 2025	Obtain Workday certification by mid-FY26	20 May 2025	… In progress
	“Workday integration on track with certification expected by mid-FY26 and pipeline to build further over remainder of FY26” Also stated 4 Sep 2025 Result Not yet due.
31 Oct 2025	Deliver strong H1 FY26 results with sales growth and improved profitability	23 Oct 2025	✓ Kept
	“the Group is on track to deliver strong H1 results, marked by sales growth and improved profitability” Result H1 revenue £11.6m vs £10.2m; operating profit £0.1m vs prior loss; ahead of expectations. “The Group has delivered another successful period by executing its strategic objectives and achieving growth across both divisions.”15 Jan 2026 · Half-year Results
2026
30 Apr 2026	Secure first direct-to-end-user (D2E) customers with Oracle, Workday and SAP in FY26	18 Mar 2025	… In progress
	“with the expectation of securing the first D2E customers in FY 2026” Also stated 20 May 2025 · 4 Sep 2025 Result Not yet due.
30 Apr 2026	Complete SAP integration early and target first SAP sales in FY26	20 May 2025	… In progress
	“we also now expect to be integrated with SAP earlier than anticipated and are targeting first sales with them during FY26” Result Not yet due.
30 Apr 2026	Continued significant HCM growth through FY26, particularly in North America	20 May 2025	✓ Kept
	“We are expecting continued significant HCM growth through FY26, particularly in North America” Result HCM revenue up 27% to £19.5m; North America up 43% to £14.1m. “Total HCM revenue up 27% to £19.5 million driven by 43% growth in North America”21 May 2026 · Full Year Trading Update “HCM has successfully delivered in accordance with its growth strategy, which has resulted in revenue increasing by 27% to £19.5 million. This performance was led by North America, where sales grew 43%”21 May 2026 · Full Year Trading Update
30 Apr 2026	Deliver revenue growth in FY26	4 Sep 2025	✓ Kept
	“we are forecasting revenue growth for the coming year, having already made a strong start to FY26” Result FY26 revenue guided at no less than £26m, up from £23m. “Group revenue for FY26 expected to be no less than £26 million, up over 13% (FY25: £23 million)”21 May 2026 · Full Year Trading Update
30 Apr 2026	FY26 full year profit ahead of FY25 profit after tax of £0.7m	15 Jan 2026	… In progress
	“the Group achieving full year profit ahead of the prior year (FY25 profit after tax: £0.7 million)” Result Not yet due.
30 Apr 2026	H2 FY26 revenues and operating profits above H2 FY25 in both divisions; Safetell to reach operating profit	15 Jan 2026	… In progress
	“expected to move from a divisional operating loss in H1 FY26 to an operating profit in H2 FY26” Result Not yet due.
30 Sep 2026	Announce remuneration review results and new arrangements by end of September 2026	21 May 2026	… In progress
	“It is expected that the results of this review and any new arrangements will be announced by the end of September 2026” Result Not yet due.
30 Sep 2026	Provide detailed Access Control update in the FY26 Annual Report in September 2026	21 May 2026	… In progress
	“the Company intends to provide a more detailed update on its plans for Access Control when it publishes the FY26 Annual Report in September” Result Not yet due.