On Tuesday, GB Group PLC (GBG.L), a software technology company, reported a loss in fiscal 2026, compared to a profit in 2025, attributable primarily to a non-cash impairment charge, even as revenues were higher than last year. Looking ahead, the company projects weak margin in fiscal 2027, despite higher revenues.
On the London Stock Exchange, the shares were trading 9.35 percent lower at 223.45 pence.
In fiscal 2026, loss before tax was 74.54 million pounds, compared to profit of 15.73 million pounds in 2025.
Loss after tax for the year attributable to equity holders of the parent was 75.09 million pounds, compared to a profit of 8.63 million pounds last year.
Loss per share was 30.7 pence, compared to profit of 3.4 pence a year ago.
The results mainly reflected a 73.1 million pounds non-cash goodwill impairment charge.
Adjusted profit before tax for the year was 61.47 million pounds, compared to 60.12 million pounds last year. Adjusted earnings per share went up to 19.0 pence from 17.4 pence in the previous year. Adjusted operating margin was 23.7 percent, same as last year.
Adjusted EBITDA for the year increased to 69.57 million pounds from 68.99 million pounds in the previous year.
Revenue in 2025 went up to 285.04 million pounds from 282.72 million pounds last year.
Looking ahead, GB Group expects mid-single-digit revenue growth in 2027, mainly with continued improvement in the Americas.
The company expects adjusted operating profit margins to reduce to 21 to 22 percent in 2027 due to one-off investment, before returning to the target range of 23 to 24 percent in 2028 and exceeding 24 percent in the medium-term.
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