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NCC reiterates FY guidance, disposes of Escode division
(Sharecast News) - Cyber security firm NCC Group said on Tuesday that it had made steady early‑year progress as it continued to reshape the business, with full-year revenue and earnings guidance unchanged. NCC reiterated that the sale of its Escode division to TDR Capital, valued at £275m with £309.1m in gross consideration, remained on track, with completion expected no earlier than 30 April.
The FTSE 250-listed firm said, which said the disposal will leave it as a pure‑play global cyber security and resilience business, stated that its cyber unit had delivered a second consecutive quarter of underlying revenue growth in Q1.
NCC expects marginal revenue growth for the year to 30 September, including the impact of recent non‑core disposals, with both Escode and cyber forecast to deliver low single‑digit growth as the pipeline builds.
Group adjusted underlying earnings, after adjusting for disposals, were anticipated to be in line with expectations, with NCC maintaining confidence in its medium‑term financial targets.
Reflecting its confidence in the group's prospects and balance sheet strength, NCC said its share buyback programme continued under the authority granted at the 2025 AGM to repurchase up to 31.47m shares, with renewal of the authority being sought at Tuesday's annual general meeting.
As of 1020 GMT, NCC shares were down 2.19% at 125p.
Reporting by Iain Gilbert at Sharecast.com
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