SysGroup shares rally after strong second-half performance
SysGroup PLC on Monday guided full-year earnings ‘ahead of expectations’ following a strong second half.
Shares in the Manchester, England-based IT services, cybersecurity and cloud hosting provider jumped 26% to 17.00 pence on Monday afternoon in London.
The company said revenue in the second half ended March 31 was roughly 17% ahead of the year prior, including £1.1 million from the acquisition of Saxis Group Ltd, which closed in December.
SysGroup estimated that annual revenue rose 7.6% on-year to £22.1 million from £20.5 million.
It expects to report full-year adjusted earnings before interest, tax, depreciation and amortisation of £1.2 million. This would be up from £900,000 in financial 2025, up from £200,000 in the first half of financial 2026, and ‘ahead of current market expectations’, SysGroup said.
It ended March with gross cash of £7.7 million in gross cash, down from £8.7 million on-year and a net cash position of £2.7 million, down from £3.6 million, reflecting a £1.3 million payment for Saxis.
SysGroup Chair Heejae Chae hailed the company’s ‘positive momentum’ heading into financial 2027.
‘During the second half [of financial 2026], we implemented a number of operational and strategic changes, including the increased use of AI across our go-to-market and service delivery activities. The early benefits of these changes began to come through in Q4 and provide a stronger platform for the business as we enter the new financial year,’ Chae noted.
The company’s annual results are due in July.
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