NCC Group (LON:NCC) Releases Quarterly Earnings Results

NCC Group (LON:NCC) posted its quarterly earnings results on Thursday. The company reported GBX 4.50 EPS for the quarter, Digital Look Earnings reports. The business had revenue of £118.40 million during the quarter. NCC Group had a net margin of 7.16% and a return on equity of 7.75%.

Here are the key takeaways from NCC Group’s conference call:

• NCC said it has completed the sale of Escode, leaving the company as a more focused pure-play cybersecurity business. Management also announced plans for a GBP 170 million tender offer and a GBP 15 million share buyback to return capital to shareholders.
• The cyber business delivered three consecutive quarters of growth, including double-digit organic growth in the U.K. in H1 2026. Revenue quality improved with record gross margin of 38.4% and stronger profitability.
• Recurring revenue metrics improved meaningfully, with managed services revenue rising and representing 33.8% of revenue. Gross revenue retention increased to 85% and net retention to 94%, while churn fell to 15%.
• Management highlighted AI as both a productivity tool and a source of new demand, saying it can improve scanning, analysis, and reporting while creating new cybersecurity risks that require human-led assurance. The company also said it is actively using AI in client work, policy discussions, and internal operations.
• North America remains a challenge due to changing buying patterns among large technology clients, though the company is shifting toward higher-value verticals such as financial services and expanding its global delivery model. Management said it expects adjusted EBITDA to grow ahead of revenue this year, with margins guided to 5.5%-7.5%.

NCC Group Stock Performance

LON:NCC opened at GBX 134 on Friday. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 11.04. The stock has a market capitalization of £373.72 million, a price-to-earnings ratio of 24.36 and a beta of 0.63. The firm has a fifty day simple moving average of GBX 131.47 and a two-hundred day simple moving average of GBX 133.71. NCC Group has a 12 month low of GBX 107.20 and a 12 month high of GBX 168.20.

NCC Group Company Profile

NCC Group is a people-powered, tech-enabled global cyber security and software escrow business.

Driven by a collective purpose to create a more secure digital future, c. 2,000 colleagues across Europe, North America, and Asia Pacific harness their collective insight, intelligence, and innovation to deliver cyber resilience solutions for both public and private sector clients globally. With decades of experience and a rich heritage,
NCC Group is committed to developing sustainable solutions that continue to meet client’s current and future cyber security challenges.