C.£9m Contract renewal and expansion

Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, is delighted to announce that its Group company, Brookcourt Solutions, has secured a c.£9m three-year contract renewal and expansion with a leading Global Financial Organisation. The contract win further supports the delivery of FY26 market expectations, with £2.7m to be recognised in FY26.

Under the terms of the contract, Brookcourt has agreed a renewal of the customer's Advanced Email Gateway and Insider Threat Management arrangements, and expansion of the Secure Email Gateway capacity. Brookcourt Solutions will deliver, implement and support a complex, market-leading email security solution across the customer's global estate. The solution, utilising Brookcourt's partner technologies, will enhance the organisation's cyber defence capabilities and further strengthen its overall security posture.

This contract renewal and expansion reflects Brookcourt Solutions' deep expertise in enterprise-scale cyber security deployments and its ability to support global financial institutions with mission-critical security infrastructure. The Group remains focused on converting its strong pipeline of opportunities and the continued delivery of growth.

Phil Higgins, Group Chief Executive Officer of Shearwater Group plc, commented: "This significant contract win demonstrates the strength of Brookcourt Solutions' cyber security capabilities and its trusted relationship with global financial institutions. Securing a long-term renewal alongside a major capacity expansion highlights both the critical nature of the services provided and the confidence customers place in our teams. This win further underpins the Group's strategy of building recurring, high-value revenues from market-leading cyber defence solutions."