H1 Trading Update

Redcentric plc (LSE: RCN), a leading UK IT managed services provider (‘MSP’), is pleased to provide the following trading update for the six months ended 30 September 2026 ('H1 FY27').

Revenues¹ for H1 FY27 are expected to be c.£63.7 million (H1 FY26: c.£66.8 million). This is in line with management expectations and reflects the continued focus on selectively attracting and maintaining higher-margin business alongside the impact of customer cancellations and the timing of new business conversion.

Adjusted EBITDA1,3 for H1 FY27 is expected to be c.£9.1 million (H1 FY26: c.£9.1 million) at a margin of 14.3% (2025: 13.6%). This is modestly above management expectations, reflecting the focus towards higher-margin business and continued tight expense control driving higher quality of earnings. Gross margin for the period improved to 63.1%, in line with management forecast (H1 FY26: 61.6%).

This performance reinforces the Group's market-leading position in UK managed IT services, with management focused on business that will help expand the Group’s high-quality recurring margin while maintaining disciplined cost management to deliver sustainable value for all stakeholders. The Board is confident in delivering full-year FY27 Adjusted EBITDA of £18.4 million, in line with market expectations.

Balance Sheet: The Group’s balance sheet remains strong with approximately £5.0 million net debt at 30 September 2026.

On 30 April 2026, the Company announced the disposal of the Group's Data Centre ('DC') business with final proceeds from the sale announced on 18 September 2026. For the avoidance of doubt, the financial results above (including the comparators for H1 FY26) exclude the revenues and earnings from the DC business which, under IFRS, will continue to be shown as a discontinued operation in the financial statements.

Interim Results

The Company expects to report its Interim Results for the six months ended 30 September 2026 in the week commencing 7 December 2026. It is anticipated that these results will confirm the resumption of an interim dividend. A further announcement providing the exact Interims release date will be made in due course.

¹ Revenues and Adjusted EBITDA are current management expectations for H1 FY27 figures and are unaudited.

2 ARR is the amount of recurring revenue that the business has contracted with customers or by predictable customer habit at the period end and Underlying ARR is ARR adjusted for certain items as described within the Company’s announcement, on 28 September 2026, of its Final Results for the year ended 31 March 2026.