System1 Group (SYS1): FY26 guidance delivery

This situation live

SYS1 System1 Group

£44m · 340.0p · +60% since the first step

2 Dec 2025 · Guidance confirmed; H1 weak, H2 loaded · +8% until the next step the Company continues to trade in line with the guidance2 we gave in the 23 September 2025 update.

20 Jan 2026 · Guidance reconfirmed after Q3 platform recovery · +5% until the next step The Board maintains the FY26 guidance1 it provided on 23 September 2025 and in the interim results on 2 December 2025.

2 Mar 2026 · Guidance reconfirmed again on 2 March 2026 · +7% until the next step The Board confirms that the Company continues to trade in line with the guidance as announced on 20 January 2026.

16 Mar 2026 · FY26 in line; FY27 EBITDA guided above consensus · +19% until the next step The Board expects to publish the Group's FY26 trading update in late April 2026 and financial results in July 2026.

21 Apr 2026 · FY26 delivered in line; FY27 reiterated · +2% until the next step The Board is pleased to confirm trading in FY26 in line with guidance and slightly ahead of consensus1.

8 Jul 2026 · FY26 results confirmed in line; FY27 outlook positive · +11% until the next step FY27 to date has seen continued strong new business activity

10 Sep 2026 · 5M FY27 ahead of prior year; consensus held · +7% until the next step The Board expects to publish the Group’s FY27 interim results in early December 2026.

24 Sep 2026 · FY27 profit guidance raised to £5.0m · −6% since We look forward to updating shareholders on our progress with our half year trading update in late October.

24 Sep 2026 · FY27 profit guidance raised again to £5.0m · −6% since We look forward to updating shareholders on our progress with our half year trading update in late October.

Upgrade / downgrade cycle

FY26 guidance delivery

FY27 profit guidance raised again to £5.0m

Next: half year trading update

Every step · 9

2 Dec 2025 Guidance confirmed; H1 weak, H2 loaded – the Company continues to trade in line with the guidance2 we gave in the 23 September 2025 update. ↗
20 Jan 2026 Guidance reconfirmed after Q3 platform recovery – The Board maintains the FY26 guidance1 it provided on 23 September 2025 and in the interim results on 2 December 2025. ↗
2 Mar 2026 Guidance reconfirmed again on 2 March 2026 – The Board confirms that the Company continues to trade in line with the guidance as announced on 20 January 2026. ↗
16 Mar 2026 FY26 in line; FY27 EBITDA guided above consensus – The Board expects to publish the Group's FY26 trading update in late April 2026 and financial results in July 2026. ↗
21 Apr 2026 FY26 delivered in line; FY27 reiterated – The Board is pleased to confirm trading in FY26 in line with guidance and slightly ahead of consensus1. ↗
8 Jul 2026 FY26 results confirmed in line; FY27 outlook positive – FY27 to date has seen continued strong new business activity ↗
10 Sep 2026 5M FY27 ahead of prior year; consensus held – The Board expects to publish the Group’s FY27 interim results in early December 2026. ↗
24 Sep 2026 FY27 profit guidance raised to £5.0m – We look forward to updating shareholders on our progress with our half year trading update in late October. ↗
24 Sep 2026 FY27 profit guidance raised again to £5.0m – We look forward to updating shareholders on our progress with our half year trading update in late October. ↗

What is happening

System1 Group: FY26 guidance delivery – FY27 profit guidance raised again to £5.0m. ['FY27 profit guidance raised again to £5.0m']

In short: FY26 guidance held through a weak H1 and recovered in H2. FY27 EBITDA expectations rose above consensus on 16 March 2026, and FY26 results on 8 July 2026 were in line. On 10 September 2026 the Board confirmed consensus after 5M revenue +11%. On 24 September 2026 it raised FY27 adjusted PBT guidance to about £5.0m from £4.2m, with revenue in line; 5M adjusted PBT was £2.1m.
Announced: 2 Dec 2025 · Guidance confirmed; H1 weak, H2 loaded
Latest: 24 Sep 2026 · FY27 profit guidance raised again to £5.0m
Net revenue retention: 80% vs 72% in March 2026
Cash: £11.2m at end August 2026 (March 2026: £12.4m)
5M profit: Adjusted PBT £2.1m vs £0.3m in 5M FY26
FY27 PBT guidance: About £5.0m, 19% above consensus £4.2m; second increase this year
FY27 revenue: Expected in line with consensus £38.8m
Cost drivers: Workflow standardisation, systems, resource optimisation, AI and automation, discretionary costs
FY27 guidance: About £5.0m adjusted PBT, 19% above consensus £4.2m
Next milestone: Half year trading update in late October 2026

What comes next

half year trading update.

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