Interim Report

Diales Group PLC

10 June 2026

 

DIALES GROUP PLC

("Diales" or the "Company" or the "Group")

Interim Report

For the six months ended 31 March 2026

Financial Highlights - for the six months ended 31 March 2026

6 months		6 months
Ended		Ended
31 March 2026 31 March 2025
	£000 Unaudited	£000 Unaudited	Change £000
Revenue	23,670	21,632	2,038
Gross Profit	6,776	5,702	1,074
Gross Profit %	28.6%	26.4%	2.2%
Underlying* operating profit before tax	1,045	701	344
Less: Share-based payment charge	(41)	(71)	30
Operating profit before tax from continuing operations	1,004	630	374
Underlying* operating profit before tax %	4.4%	3.2%	1.2%
Underlying* earnings per share from continuing operations	1.3p	1.0p	0.3p
Operating profit before tax from continuing operations	1,004	630	374
Profit/(loss) on discontinued operations before tax	8	(125)	133
Operating profit before tax	1,012	505	507
Profit before tax	968	635	333
Earnings per share	1.2p	0.7p	0.5p
Net cash	3,852	2,370	1,482
Net cash per share	7.3p	4.5p	2.8p
Dividend per share	0.75p	0.75p	-

*Underlying figures are stated before share-based payment costs

Financial Summary

•      Revenue from continuing operations increased 10% to £23.7m (H1FY25: £21.6m)

•      Gross profit margin increased to 28.6% (H1FY25: 26.4%), gross profit increased by 19% to £6.8m (H1FY25: £5.7m), improved margin achieved despite ongoing market pressures, higher payroll taxes and continued investment in people, systems and technology

•      Underlying* operating profit before tax increased by 43% to £1.0m (H1FY25: £0.7m) resulting in an underlying* operating profit before tax margin of 4.4% (H1FY25: 3.2%)

•      Profit before tax at £1.0m (H1FY25: £0.6m)

•      Net cash increase year on year of £1.5m to £3.9m (H1FY25: £2.4m)

•      Dividend maintained in the period at 0.75p per share (H1FY25: 0.75p)

Operational Highlights

•      Utilisation rate of 70.2% (H1FY25: 71.4%)

•      Europe & Americas (EuAm) reported underlying* profit before tax for the period of £3.9m (H1FY25: £2.3m)

•      Middle East (ME) reported underlying* profit before tax for the period of £0.1m (H1FY25: £0.5m)

•      Asia Pacific (APAC) reported underlying* profit before tax for the period of £0.02m (H1FY25: Loss £0.1m)

Capital Allocation

•      The Board continues to demonstrate a disciplined approach to capital allocation and remains committed to balancing shareholder returns with investment in organic growth, working capital, and potential acquisitions

•      A final dividend of 0.75p per share for FY25 was paid in April 2026

•      Reflecting continued confidence in the Group's outlook and financial position, the Board has declared an interim dividend of 0.75p per share to be paid on 23 October 2026

Outlook

•      Strong momentum and balance sheet with robust pipeline heading into H2

•      Full contribution from new service line in H2

•      Continued investment in people, technology and services

•      The Board remains confident in delivering full-year results at least in line with market expectations

Nicholas Stagg, Chair of Diales, said:

"The Group has delivered a strong performance in the first half, reflecting the resilience of our model and disciplined execution of our strategy. We have continued to make progress against our priorities despite a challenging macroeconomic backdrop. The Board is confident in the Group's positioning and prospects for the remainder of the year and in its ability to deliver sustainable long-term value. I would like to thank our clients, our people and our shareholders for their continued support."

Mark Wheeler, Chief Executive Officer of Diales, said:

"We delivered a strong and resilient performance in H1 FY26, with revenue growth supported by sustained demand, a strengthened pipeline and expanding capabilities. Profitability improved significantly, with both operating profit and gross margins increasing, reflecting operational leverage and disciplined execution. Strong cash generation and a healthy balance sheet support continued investment in talent, technology and new service lines. Despite regional uncertainties, particularly in the Middle East, the business has remained resilient. With good momentum, a scalable model and clear strategic focus, the Group is well positioned to deliver sustained growth and long-term shareholder value."

Results presentation

Management will host a presentation for analysts at 10:00am on 10 June 2026, at Diales' offices at Dawson House, Jewry Street, London, EC3N 2EX, and virtually. Analysts who would like to attend the presentation should register their interest with Acuitas Communications at [e-mail] or on 020 3745 0293.

The Group will also host a presentation for investors on 10 June, at 1:30pm. Questions can be submitted before and during the online event.

To register for the webinar, please visit this link:

https://www.equitydevelopment.co.uk/news-and-events/diales-group-investor-presentation-hy-results-10th-june-2026

 A recording of the presentation will be available shortly afterwards here:

 https://www.equitydevelopment.co.uk/research/tag/diales-group

ENDS

Enquiries:

Diales Group Plc	[phone]
Mark Wheeler, Chief Executive Officer
Charlotte Parsons, Chief Financial Officer

Shore Capital (Nominated Adviser and Broker)	[phone]
Mark Percy
George Payne

Acuitas Communications	[phone] / [phone] / [phone]
Simon Nayyar	[e-mail]
Arthur Dingemans	[e-mail]

BUSINESS REVIEW

Overview

The Group performed well during the period, supported by steady organic growth, broader capabilities and disciplined execution of its strategy. Revenue grew by 10% to £23.7m in H1FY26 (H1FY25: £21.6m). This reflects increased activity levels, a strengthened pipeline, and sustained demand across the core service lines - expert witness, advisory, and project services. Overall underlying utilisation improved but is reported as stable at 70.2% due to a small number of staff particularly affected by timing of some large projects ending in the Middle East (H1FY25: 71.4%). Geographic performance was particularly strong in the UK and Europe, where revenue increased by 22%, although some uncertainty impacted trading conditions in the Middle East given the escalation of the regional geopolitical conflict.

Financial and Trading Performance

Profitability improved significantly across the Group, with *underlying operating profit increasing by 49% to £1.0m (H1FY25: £0.7m), supported by operational leverage, pockets of improved utilisation, new service line and margin expansion, with gross margin increasing to 29% (FY25: 27%). These gains were achieved despite ongoing cost pressures, including higher payroll taxes and continued investment in people, systems, and technology.

The Group maintained a strong financial position, with cash generated from operating activities increasing to £1.9m (FY25: £1.2m) and net cash of £3.9m (FY25: £3.0m), alongside access to a £1m undrawn overdraft facility.

Operational performance remained strong, supported by increased activity levels and a growing pipeline. The UK and Europe delivered particularly strong results, while some disruption and uncertainty affected performance in the Middle East. Despite this, the Group demonstrated resilience due to its diversified service offering and global reach.

Strategy and Growth

Strategic expansion remains focused on scaling through organic growth, the recruitment of key talent, selective acquisitions, and geographic expansion where there is a strong business case.

The launch of the new Building Safety and Fire Engineering expertise in October 2025 has enhanced the Group's service offering and strengthened its market position. This also expands the multi-disciplinary team of experts providing a complete expert service with the benefit of collaboration and enhanced understanding of the issues between the instructed experts.

People and Culture

People remain central to the Group's success. The business continued to invest in talent acquisition, learning and development, and employee engagement. Initiatives focusing on mental, social, environmental and physical wellbeing, have strengthened employee experience.

Headcount growth supported operational delivery, with a 3% increase in headcount including 2 new experts. Continued investment in senior hires ensures the Group is well positioned to meet future strategic plans.

Voluntary attrition rate reduced significantly to 3% (FY25: 12%), reflecting improved engagement, collaboration, and culture. Promotions across the business demonstrate the strength of the internal talent pipeline and commitment to career progression with the Diales development pathway.

Technology and Innovation

Investment in technology continues to be a core strategic priority. The Group is exploring AI applications, including bespoke solutions, to enhance user experience and operational performance.

The Group plans to deploy AI-enabled tools and enhanced document management systems to improve efficiency and scalability. This is an ongoing investment, with a focus on four key pillars:

• Using AI tools to improve operational support efficiency.

• Using AI tools to support delivery of our services more effectively through use of new tools.

• Staff training acceleration through technology.

• The use of new and advanced tools to allow us to offer new services to clients, allowing problems of projects to be identified and managed before the issues cause undue effect.

During the period, generative AI tools were implemented to support automation, knowledge access, and productivity, including solutions for document analysis and internal knowledge retrieval.

Leadership and Governance

During the period the Group strengthened its leadership and governance framework with the appointment of a new Non-Executive Director, Jane Dumeresque. The leadership team remains focused on delivering growth ambitions through clear strategic priorities: achieving growth through scale, investing in talent and capability and continuing to unify the business.

Capital Allocation and Dividend

The Board continues to demonstrate a disciplined approach to capital allocation and remains committed to balancing shareholder returns with investment in organic growth, working capital, and potential acquisitions.

A final dividend of 0.75p per share for FY25 was paid in April 2026. Reflecting continued confidence in the Group's outlook and financial position, the Board has declared an interim dividend of 0.75p per share. The interim dividend will be paid on 23 October 2026 to shareholders who are on the register of members at the close of business on 18 September 2026, with an ex-dividend date of 17 September 2026. ISIN: GB00B0L9C092 and TIDM: DIAL.

Outlook

The Group has entered the second half of the financial year with strong momentum, supported by a strong balance sheet, a robust pipeline, recent key hires, and the full contribution from the new service line. While macroeconomic uncertainty persists, the diversified business model of the Group post turnaround, provides resilience.

The Board remains confident in delivering full-year results at least in line with market expectations. With a strong financial position, scalable model, and continued investment across people, technology, and services, the Group is well positioned to deliver sustained and consistent organic growth and long-term shareholder value.

CONSOLIDATED INTERIM FINANCIAL INFORMATION OF DIALES GROUP PLC

Consolidated Income Statement

Interim report for the six months ended 31 March 2026

	6 months	6 months	Year ended
	ended	ended	30
	31 March 2026	31 March 2025	September
	£000	£000	2025
	Unaudited	Unaudited	£000
			Audited
REVENUE	23,670	21,632	42,957
Cost of sales	(16,406)	(15,857)	(30,978)
Impairment movement	(488)	(73)	(389)
GROSS PROFIT	6,776	5,702	11,590
Other operating expenses	(5,772)	(5,072)	(10,309)
Underlying* operating profit	1,045	701	1,408
Non-recurring operational costs	-	-	-
Share-based payment charge and associated costs	(41)	(71)	(127)
OPERATING PROFIT	1,004	630	1,281
Finance income	3	9	11
Finance costs	(39)	(4)	(21)
PROFIT BEFORE TAXATION	968	635	1,271
Tax expense (note 2)	(343)	(166)	(360)
PROFIT FOR THE PERIOD FROM CONTINUING	625	469	911
OPERATIONS
Profit/(loss) for the period from discontinued	8	(125)	(228)
operations
PROFIT FOR THE PERIOD	633	344	683
Profit attributable to equity shareholders of the parent from continuing operations	625	469	911
Profit/(loss) attributable to equity shareholders of the parent from discontinued operations	8	(125)	(228)
	633	344	683
Basic earnings per share attributable to	1.2p	0.7p	1.3p
equity shareholders of the parent (pence)
Diluted earnings per share attributable to	1.2p	0.7p	1.3p
equity shareholders of the parent (pence)
continuing operations
Basic earnings per share attributable to equity	1.2p	0.9p	1.7p
shareholders of the parent (pence) from continuing
operations
Diluted earnings per share attributable to equity	1.2p	0.9p	1.7p
shareholders of the parent (pence) from continuing
operations

*Underlying figures are stated before the share-based payment costs and non-recurring operational costs (this is not a GAAP measure)

Consolidated Statement of Comprehensive Income Interim report for the six months ended 31 March 2026
	6 months	6 months	Year ended
	ended	ended	30
	31 March	31 March	September
	2026	2025	2025
	£000	£000	£000
	Unaudited	Unaudited	Audited
PROFIT FOR THE PERIOD	633	344	683
Other comprehensive income/(loss):
Items that could subsequently be reclassified to the Income Statement:
Exchange differences on translating foreign operations	(45)	56	134
Other comprehensive income/(loss) for the year net of tax	(45)	56	134
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	588	400	817
Total comprehensive income attributable to:
Owners of the parent	588	400	817
	588	400	817

Consolidated Statement of Financial Position

Interim report for the six months ended 31 March 2026

	6 months ended	6 months ended	Year ended
	31 March 2026	31 March 2025	30 September 2025
	£000 Unaudited	£000  Unaudited	£000 Audited
NON-CURRENT ASSETS
Goodwill	2,969	2,969	2,969
Property, plant and equipment	363	328	371
Intangible assets	504	588	546
Right of use assets	1,663	461	753
Deferred tax assets	226	168	200
	5,725	4,514	4,839
CURRENT ASSETS
Trade and other receivables	14,158	14,788	14,369
Current tax receivable	152	-	221
Cash and cash equivalents	3,852	2,370	3,036
	18,162	17,158	17,626
TOTAL ASSETS	23,887	21,672	22,465
CURRENT LIABILITIES
Trade and other payables	(8,313)	(7,508)	(7,625)
Lease creditor	(623)	(289)	(310)
Current tax payable	-	(32)	-
	(8,936)	(7,829)	(7,935)
NON-CURRENT LIABILITIES
Lease creditor	(1,002)	(162)	(428)
Deferred tax liability	(164)	(167)	(142)
	(1,166)	(329)	(570)
TOTAL LIABILITIES	(10,102)	(8,158)	(8,505)
NET ASSETS	13,785	13,514	13,960
SHAREHOLDERS' EQUITY
Share capital	216	216	216
Share premium	11,496	11,496	11,496
Merger reserve	1,055	1,055	1,055
Currency reserve	(1,153)	(1,186)	(1,108)
Capital redemption reserve	18	18	18
Treasury shares	(201)	(1,834)	(1,851)
Retained earnings	2,353	3,748	4,137
Own shares	(3)	(3)	(7)
TOTAL SHAREHOLDERS' EQUITY	13,781	13,510	13,956
NON-CONTROLLING INTEREST	4	4	4
TOTAL EQUITY	13,785	13,514	13,960

Consolidated Cash flow Statement

Interim report for the six months ended 31 March 2026

	6 months	6 months	Year ended
	ended	ended	30
	31 March 2026	31 March 2025	September
	£000	£000	2025
	Unaudited	Unaudited	£000 Audited
CASH FLOWS FROM OPERATING ACTIVITIES
Profit for the period	633	344	683
Adjustments for:
Depreciation	67	16	148
Amortisation of right to use assets	274	291	558
Amortisation of intangible asset	42	42	84
Exchange adjustments	-	(5)	23
Finance income	(3)	(9)	-
Finance expense	39	4	10
Tax expense	343	150	308
Equity settled share-based payment charge	21	71	119
OPERATING CASH FLOW BEFORE CHANGES IN WORKING CAPITAL AND PROVISIONS	1,416	904	1,933
Decrease/(increase) in trade and other receivables	211	(911)	(97)
Increase/(decrease) in trade and other payables	296	(757)	(624)
CASH GENERATED/(USED) IN OPERATIONS	1,923	(764)	1,212
Tax paid	(276)	(304)	(777)
NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	1,647	(1,068)	435
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received	3	9	11
Acquisition of property, plant and equipment	(70)	(26)	(220)
Proceeds from the disposal of property, plant and equipment	-	-	-
NET CASH OUTFLOW FROM INVESTING ACTIVITIES	(67)	(17)	(209)
CASH FLOWS FROM FINANCING ACTIVITIES
Interest paid	(39)	(4)	(21)
Repayment of lease liabilities	(297)	(279)	(565)
Purchase of Treasury shares	-	(173)	(194)
Dividends paid to the equity shareholders of the parent	(392)	(394)	(789)
NET CASH OUTFLOW FROM FINANCING ACTIVITIES	(728)	(850)	(1,569)
Net increase/(decrease) in cash and cash equivalents	852	(1,935)	(1,343)
Effect of foreign exchange on cash and cash equivalents	(36)	51	125
Cash and cash equivalents at start of period	3,036	4,254	4,254
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,852	2,370	3,036

Consolidated Statement of Changes in Equity

For the six months ended 31 March 2026 (Unaudited):

	Share capital £000	Share premium £000	Treasury shares £000	Merger reserve £000	Other reserves £000	Retained earnings £000	Own shares £000	Total £000	Non- controlling interest £000	Total Equity £000
CLOSING BALANCE AT 30 SEPTEMBER 2025	216	11,496	(1,851)	1,055	(1,090)	4,137	(7)	13,956	4	13,960
Profit for the period	-	-	-	-	-	633	-	633	-	633
Other comprehensive loss for the period	-	-	-	-	(45)	-	-	(45)	-	(45)
Total comprehensive profit for the period	-	-	-	-	(45)	633	-	588	-	588
Contributions by and distributions to owners
Dividend	-	-	-	-	-	(787)	-	(787)	-	(787)
Share-based payment charge	-	-	-	-	-	24	-	24	-	24
Reserves movement	-	-	1,650	-	-	(1,654)	4	-	-	-
Total contributions by and distributions to owners	-	-	1,650	-	-	(2,417)	4	(763)	-	(763)
CLOSING BALANCE AT 31 MARCH 2026	216	11,496	(201)	1,055	(1,135)	2,353	(3)	13,781	4	13,785

Consolidated Statement of Changes in Equity

For the six months ended 31 March 2025 (Unaudited):

	Share capital £000	Share premium £000	Treasury shares £000	Merger reserve £000	Other reserves £000	Retained earnings £000	Own shares £000	Total £000	Non- controlling interest £000	Total Equity £000
CLOSING BALANCE AT 30 SEPTEMBER 2024	216	11,496	(1,661)	1,055	(1,224)	4,285	(3)	14,164	4	14,168
Profit for the period	-	-	-	-	-	344	-	344	-	344
Other comprehensive loss for the period	-	-	-	-	56	-	-	56	-	56
Total comprehensive loss for the period	-	-	-	-	56	344	-	400	-	400
Contributions by and distributions to owners
Dividend	-	-	-	-	-	(789)	-	(789)	-	(789)
Share-based payment charge	-	-	-	-	-	(92)	-	(92)	-	(92)
Purchase of Treasury shares	-	-	(173)	-	-	-	-	(173)	-	(173)
Total contributions by and distributions to owners	-	-	(173)	-	-	(881)	-	(1,054)	-	(1,054)
CLOSING BALANCE AT 31 MARCH 2025	216	11,496	(1,834)	1,055	(1,168)	3,748	(3)	13,510	4	13,514

Consolidated Statement of Changes in Equity

For the year ended 30 September 2025 (Audited):

	Share capital £000	Share premium £000	Treasury shares £000	Merger reserve £000	Other reserves £000	Retained earnings £000	Own shares £000	Total £000	Non- controlling interest £000	Total Equity £000
CLOSING BALANCE AT 30 SEPTEMBER  2024	216	11,496	(1,661)	1,055	(1,224)	4,285	(3)	14,164	4	14,168
Profit for the year	-	-	-	-	-	683	-	683	-	683
Other comprehensive income for the year	-	-	-	-	134	-	-	134	-	134
Total comprehensive income for the year	-	-	-	-	134	683	-	817	-	817
Dividends	-	-	-	-	-	(789)	-	(789)	-	(789)
Share-based payment charge and associated costs	-	-	-	-	-	(42)	-	(42)	-	(42)
Purchase of Treasury shares	-	-	(190)	-	-	-	(4)	(194)	-	(194)
CLOSING BALANCE AT 30 SEPTEMBER  2025	216	11,496	(1,851)	1,055	(1,090)	4,137	(7)	13,956	4	13,960

1      BASIS OF PREPARATION

The consolidated interim financial information has been prepared using accounting policies which are consistent with those applied at the prior year end 30 September 2025 and that are expected to be adopted in the Group's full financial statements for the year ending 30 September 2026. The financial information in this interim report is in compliance with the recognition and measurement principles of international accounting standards but does not include all disclosures that would be required under IFRSs and are not IAS 34 compliant. The accounting policies have been applied consistently throughout the Group for the purposes of preparation of this financial information. The financial information for the half years ended 31 March 2026 and 31 March 2025 does not constitute statutory accounts within the meaning of Section 434(3) of the Companies Act 2006 and is unaudited but has been reviewed by our auditors.

The comparative financial information for the year ended 30 September 2025 included within this report does not constitute the full statutory accounts for that period. The statutory Annual Report and Financial Statements for 2025 have been filed with the Registrar of Companies. The Independent Auditor's Report on that Annual Report and Financial Statements for 2025 was unqualified, did not draw attention to any matters by way of emphasis, and did not contain a statement under 498(2) or 498(3) of the Companies Act 2006.

The Financial Statements have been prepared on a going concern basis. In reaching their assessment, the Directors have considered a period extending at least twelve months from the date of approval of this financial report.

The Directors have prepared cash flow forecasts covering a period of more than 12 months from the date of releasing these financial statements. This assessment has included consideration of the forecast performance of the business for the foreseeable future and the cash and financing facilities available to the Group.

At 31 March 2026 the Group had cash reserves of £3.9m. Cash increased by £0.9m from that reported at 30 September 2025.

The Directors have also prepared a stress case scenario that demonstrates the Group's ability to continue as a going concern even with a significant drop in revenues and limited mitigating cost reduction to re-align with the revenue drop.

Based on the cash flow forecasts prepared including appropriate stress testing, the Directors are confident that any funding needs required by the business will be sufficiently covered by the existing cash reserves. As such these Financial Statements have been prepared on a going concern basis.

2      TAXATION

The tax charge for the half-year ended 31 March 2026 is based on the estimated tax rates in the jurisdictions in which the Group operates, for the year ending 30 September 2026.

3      DIVIDEND

In view of the medium-term prospects for the Group along with the strong balance sheet position, the Board recommends the payment of an interim dividend of 0.75p per share for 2026 (2025: 0.75p per share). The interim dividend will be paid on 23 October 2026 to shareholders who are on the register of members at the close of business on 18 September 2026, with an ex-dividend date of 17 September 2026. ISIN: GB00B0L9C092 and TIDM: DIAL.

During the period, the Group paid an interim dividend for 2026 of 0.75p per share (2025: 0.75p per share) and approved a final dividend for 2025 of 0.75p per share which was paid in April 2026.

4      POST BALANCE SHEET EVENT

There have been no significant events requiring disclosure since 31 March 2026.

5     SUMMARY SEGMENTAL ANALYSIS REPORTABLE SEGMENTS

For management purposes, the Group is organised into three operating divisions: Europe & Americas (EuAm), Middle East (ME) and Asia Pacific (APAC). These divisions are the basis on which the Group is structured and managed, based on its geographic structure. The following key service provisions are provided across all three operating divisions: quantity surveying, planning / programming, quantum and planning experts, dispute avoidance / resolution, litigation support, contract administration and commercial advice / management. Segment information about these reportable segments is presented below.

Six months ended 31 March 2026 (Unaudited)	Europe & Americas £000	Middle East £000	Asia Pacific £000	Eliminations £000	Unallocated £000	Continued £000	Discontinued £000
Total external revenue	20,434	2,356	880	-	-	23,670	-
Total inter-segment revenue	107	487	8	(602)	-	-	-
Total revenue	20,541	2,843	888	(602)	-	23,670	-
Segmental profit	3,873	147	23	-	-	4,043	8
Unallocated corporate expenses	-	-	-	-	(2,998)	(2,998)	-
Share-based payment charge	-	-	-	-	(41)	(41)	-
Operating profit/(loss)	3,873	147	23	-	(3,039)	1,004	8
Finance income	-	-	-	-	3	3	-
Finance expense	-	-	-	-	(39)	(39)	-
Profit/(loss) before taxation	3,873	147	23	-	(3,075)	968	8
Taxation	-	-	-	-	(343)	(343)	-
Profit/(loss) for the period	3,873	147	23	-	(3,418)	625	8

Six months ended 31 March 2025 (Unaudited)	Europe & Americas £000	Middle East £000	Asia Pacific £000	Eliminations £000	Unallocated £000	Continued £000	Discontinued £000
Total external revenue	17,314	2,846	1,472	-	-	21,632	690
Total inter-segment revenue	706	603	191	(1,500)	-	-	-
Total revenue	18,020	3,449	1,663	(1,500)	-	21,632	-
Segmental profit/(loss)	2,307	469	(54)	-	-	2,722	(59)
Unallocated corporate expenses	-	-	-	-	(2,021)	(2,021)	(66)
Share-based payment charge	-	-	-	-	(71)	(71)	-
Operating profit/(loss)	2,307	469	(54)	-	(2,092)	630	(125)
Finance income	-	-	-	-	9	9	-
Finance expense	-	-	-	-	(4)	(4)	-
Profit/(loss) before taxation	2,307	469	(54)	-	(2,087)	635	(125)
Taxation	-	-	-	-	(166)	(166)	-
Profit/(loss) for the period	2,307	469	(54)	-	(2,253)	469	(125)

Year ended 30 September 2025 (AUDITED)	Europe & Americas £000	Middle East £000	Asia Pacific £000	Eliminations £000	Unallocated £000	Continued £000	Discontinued £000
Total external revenue	35,204	5,223	2,455	-	-	42,882	1,058
Total inter-segment revenue	955	886	235	(2,001)	-	75	(75)
Total revenue	36,159	6,109	2,690	(2,001)	-	42,957	983
Segmental profit/(loss) pre central cost charge	5,502	645	(126)	-	(4,613)	1,408	(228)
Central cost charge	(4,153)	(419)	(197)	-	4,769	-	-
Segmental profit/(loss)	1,349	226	(323)	-	156	1,408	(228)
Unallocated corporate expenses	-	-	-	-	-	-	-
Share-based payments charge and associated costs	-	-	-	-	(127)	(127)	-
Non-recurring operational costs	-	-	-	-	-	-	-
Operating profit/(loss)	1,349	226	(323)	-	29	1,281	(228)
Finance income	-	-	-	-	11	11	-
Finance expense	-	-	-	-	(21)	(21)	-
Profit/(loss) before taxation	1,349	226	(323)	-	19	1,271	(228)
Taxation	-	-	-	-	(360)	(360)	-
Profit/(loss) for the period	1,349	226	(323)	-	(341)	911	(228)

6 EARNINGS PER SHARE

	6  months  ended 31  March 2026 £000 Unaudited	6  months  ended 31  March 2025 £000 Unaudited	Year ended 30  September 2025 £000 Audited
Profit for the financial period attributable to equity shareholders	633	344	683
Non-recurring operational costs	-	-	-
Share-based payments costs and associated costs	41	71	127
(Profit)/loss from discontinued operations	(8)	125	228
Underlying* profit for the financial period	666	540	1,038
Weighted average number of shares:
-       Ordinary shares in issue	53,962,868	53,962,868	53,962,868
-       Shares held by EBT	(3,677)	(3,677)	(3,677)
-       Treasury shares	(1,257,474)	(1,742,429)	(1,673,583)
Basic weighted average number of shares	52,701,717	52,216,762	52,285,608
Effect of employee share options	250,000	560,002	525,000
Diluted weighted average number of shares	52,951,717	52,776,764	52,810,608
Basic earnings per share attributable to equity shareholders of the Parent (pence)	1.2p	0.7p	1.3p
Diluted earnings per share attributable to equity shareholders of the Parent (pence)	1.2p	0.7p	1.3p
Underlying* basic earnings per share attributable to equity shareholders of the parent (pence) from continuing operations	1.3p	1.0p	2.0p
Basic earnings per share attributable to equity shareholders of the parent (pence) from continuing operations	1.2p	0.9p	1.7p
Diluted earnings per share attributable to equity shareholders of the parent (pence) from continuing operations	1.2p	0.9p	1.7p

END

 

END