NCC Group plc (NCCGF) Q4 2025 Earnings Call Transcript
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SA Transcripts157.36K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call NCC Group plc (NCCGF) Q4 2025 Earnings Call December 10, 2025 7:00 PM EST Company Participants Mike Maddison - CEO & DirectorGuy Ellis - CFO & Director Presentation Mike MaddisonCEO & Director Hello. I'm Mike Maddison, CEO of NCC Group. And along with my colleague, Guy Ellis, the CFO, we are pleased to bring you our full year results for 30 September 2025 in this presentation. I want to start with some important points. First of all, as predicted, this was a year of 2 halves. We had a challenging first half, as we talked about at our interims on the 19th of June. But as highlighted in our trading update in October, we saw improved performance in the second half. Overall, the results are in line with the Board's expectations and good strategic progress is being made across both the Cyber and the Escode businesses. As a reminder, we have 2 reviews in progress. The Escode review and the strategic review of the Cyber Security business, which is independent from both the process and the outcome of the Escode review. Regardless of the outcome of the Escode review and as announced in our October trading update, we will launch the initial share buyback program once the Escode review concludes. Now I know you'll have lots of questions, but as a reminder, NCC Group remains in an offer period under the Takeover Code rules. This does restrict what we can say about current trading and the financial outlook for the group. So with that context, let me give you an overview of our 2 businesses in FY '25. For those unfamiliar with the business, let me first provide you with an overview of who NCC Group is. Our strategy recognizes and reflects that we have 2 distinct businesses, both operate with the goal of providing