Helping our customers to do the right business in the right way

Our ongoing businesses have delivered another good financial performance. Our focus on portfolio management and a continuation of the strategy to expand our positions in GRC markets has resulted in further strong revenue performance, profit growth and cash generation. Both of our recent acquisitions have seen double digit growth and margins have also continued to improve. We have actively managed our portfolio with two acquisitions and one disposal, reflecting the Group’s strategy of deepening expertise in GRC markets. In August 2025, we agreed to acquire Conversia for €121.6m (£105m), a business operating in the Spanish GRC and regulatory compliance market. This acquisition is earnings enhancing and will extend our reach in the GRC markets and opens up new opportunities for us in the regulated Data Privacy sector. It operates in a large addressable target market, delivering high quality revenues of which greater than 70% are annually recurring. We have had a good start to the current financial year, with revenues and profits in line with expectations and look forward to Conversia joining the Group later this year.

Mark Milner

Chief Executive Officer