Half Year Trading Update

Bytes Technology Group PLC

17 September 2026

 

17 September 2026

Bytes Technology Group plc

(“BTG” or “the Company” or “the Group”)

Half Year Trading Update

Trading ahead of expectations, FY27 guidance upgraded

Bytes Technology Group, one of the UK and Ireland's leading software, security, AI and cloud services specialists, is pleased to provide the following update on trading for its financial half year ended 31 August 2026 ("H1 FY27").

The Group has traded ahead of expectations in the first half of FY27, continuing the momentum built from H2 FY26. Gross Invoiced Income for the period is estimated to increase by c.19% year-on-year, with Gross Profit estimated to increase by c.18% and Operating Profit by c.6%. The Operating Profit performance reflects the impact of cost normalisation previously communicated. This reflected higher technology costs linked to strategic projects and a return to more normalised bonus levels.

As a result of the strong first half performance, the Board now expects Gross Profit growth for the full year in the low to mid-teens, with low to mid single-digit Operating Profit growth.

BTG's net cash position at the end of H1 FY27 was c.£68m, after returning £41.3m to shareholders through the payment of the FY26 final dividend of £16.3m and £25.0m of share repurchases under the Group's buyback programme. Cash conversion for the first half was around 45% (H1 FY26: 34%), reflecting the Group's normal weighting towards the second half of the financial year.

Notice of Interim Results

BTG will publish its H1 FY27 results on 13 October 2026.

Sam Mudd, Chief Executive Officer, said:

"We are pleased with the positive momentum in the first half across both our private and public sector businesses. Customer demand for software, cloud and security solutions has remained strong, and AI is becoming a more meaningful driver of growth in our core business areas. During the period, we continued to invest in our technology platforms and our people to support future growth, enhance our capabilities and strengthen the quality of service we provide to customers. We remain confident in the Group's strategy and the strength of our customer and vendor relationships. As a result, we have upgraded our expectations for FY27."

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Enquiries:

Bytes Technology Group plc

Sam Mudd, Chief Executive Officer

Andrew Holden, Chief Financial Officer

Jack Bradshaw, Investor Relations

Email: [e-mail]

Sodali & Co
Elly Williamson
Tilly Abraham
Tel: [phone]
Email: [e-mail] 

About Bytes Technology Group plc:

BTG is one of the UK and Ireland’s leading providers of IT software offerings and solutions, with a focus on cloud, security and AI products. The Company enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. It aims to deliver the latest technology to a diverse and embedded non-consumer customer base and has a long track record of delivering strong financial performance.

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.

 

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