Half Year Trading Update

Summary by AI BETAClose X

Bytes Technology Group plc has reported a strong first half for FY27, with Gross Invoiced Income up approximately 19%, Gross Profit up approximately 18%, and Operating Profit up approximately 6%, despite cost normalisation. Consequently, the company has upgraded its full-year guidance to low to mid-teens Gross Profit growth and low to mid-single-digit Operating Profit growth. The Group maintained a net cash position of approximately £68 million at the end of the half-year, after returning £41.3 million to shareholders through dividends and share repurchases, and cash conversion improved to around 45%.

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