NCC Group PLC
LSE:NCC
NCC Group PLC
NCC Group Plc is a holding company, which engages in the provision of information technology assurance, security software, and consultancy services. The principal activity of the Company is the provision of independent advice and services to customers by way of the provision of escrow and assurance services. The company operates primarily in the United Kingdom, Europe and North America. The firm operates through two segments: Assurance division and Software Resilience division. Its Assurance division includes cyber security service providers that help businesses identify, assess, mitigate and respond to cyber security risks they face. Through an unrivalled suite of services, it protects organizations valuable assets. Its Software Resilience division protects the development, supply and use of business-critical technology and software applications. Its escrow contract services secure the long-term availability of business-critical software data and applications. Its cloud Escrow-as-a-Service (EaaS) offering helps customers transition to the cloud securely.
NCC Group Plc is a holding company, which engages in the provision of information technology assurance, security software, and consultancy services. The principal activity of the Company is the provision of independent advice and services to customers by way of the provision of escrow and assurance services. The company operates primarily in the United Kingdom, Europe and North America. The firm operates through two segments: Assurance division and Software Resilience division. Its Assurance division includes cyber security service providers that help businesses identify, assess, mitigate and respond to cyber security risks they face. Through an unrivalled suite of services, it protects organizations valuable assets. Its Software Resilience division protects the development, supply and use of business-critical technology and software applications. Its escrow contract services secure the long-term availability of business-critical software data and applications. Its cloud Escrow-as-a-Service (EaaS) offering helps customers transition to the cloud securely.
Revenue Decline: Group revenue was down 4.9%, with Cyber Security business seeing pressure, but Escode continued to deliver strong growth.
Profit Surge: Profit before tax rose 97.6%, driven by operational control and proceeds from the crypto business disposal.
Balance Sheet Transformation: NCC is now debt-free after the Fox Crypto sale and has secured a new £120 million credit facility.
Margin Improvement: Gross profit margin improved by 0.4 percentage points, with Escode’s EBITDA margin up 3.1 points to 44.4%.
Strategic Shift: Group pivoted from low-value transactional work to larger, strategic, higher-margin projects, especially in Cyber.
Guidance & Outlook: FY25 group revenue to decline marginally (excluding disposals), with single-digit growth for Escode and expected Cyber revenue growth in FY26.
Escode Sale: Options for Escode under review; a sale could lead to a significant shareholder return and sharpen Cyber focus.
AI & Efficiency: Adoption of AI tools like Horizon3.ai and NodeZero expected to drive efficiency in cyber testing and service delivery.
