Trading Statement
Wilmington plc anticipates strong year-end results for the period ending June 30, 2026, with ongoing revenue growth projected around 37%, significantly boosted by the acquisition of Conversia. The Group expects reported revenue of £120.0m, up from £89.7m in 2025, and organic revenue increasing by approximately 4%. Operating profit from ongoing businesses is forecast to rise by 32%, with total adjusted profit before tax expected to be at least £31.0m, exceeding market consensus. Net debt stands at £53.1m as of June 30, 2026, a decrease from £65.0m at the end of 2025.
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Wilmington plc, (LSE: WIL, 'Wilmington', 'the Group') the GRC RegTech services group, today provides a trading update for the year ended 30 June 2026.
Revenue growth from the Group's ongoing* businesses is expected to be in the order of 37%, led by the recent acquisition of Conversia, which is expected to deliver more than 20% growth on a like-for-like basis. Eight out of nine ongoing* businesses grew year on year. Reported revenue is expected to be £120.0m (2025: £89.7m), with organic** revenue increasing by approximately 4%.
Operating profit from ongoing* businesses is expected to be up 32%, total adjusted*** profit before tax is expected to be at least £31.0m (2025: £27.7m), slightly ahead of expectations.
Group net debt**** on 30 June 2026 at £53.1m (30 June 2025: net cash £42.2m) is less than 1.7 times EBITDA and down from £65.0m and 1.98 times EBITDA as at 31 December 2025.
Wilmington expects to publish its year end results on 29 September 2026.
Mark Milner, Chief Executive Officer, commented:
"We have delivered another strong set of results with ongoing revenue and profit growth both increasing by over 30%. This consistent performance reflects our focus on a high-quality portfolio of growing GRC RegTech services businesses, based on our proprietary RegTech platform.
"Conversia, our recently acquired Spanish GRC and Regulatory Compliance business, showed notable organic growth from, as expected, high quality recurring revenues."
*Ongoing - eliminating the effects of the impact of disposals, closures and businesses held for sale.
**Organic - Ongoing, eliminating acquisitions and exchange rate fluctuations
***Adjusted profit before tax (PBT) is calculated as PBT after adding back amortisation and impairment of intangible assets (except computer software) and profits/losses on disposals and business closures. Market consensus adjusted profit before tax is £30.5m.
**** Net (debt)/cash includes cash and cash equivalents, held for sale cash, bank loans and bank overdrafts but excludes lease liabilities
| For further information, please contact: Wilmington plc Mark Milner, Chief Executive Officer Guy Millward, Chief Financial Officer Meare Consulting Adrian Duffield | 020 7490 0049 07990 858548 |
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