Manchester-based global cyber security firm NCC Group plc said it expects group revenue on a constant currency basis — excluding non-core disposals — to have declined 2.5% to £294 million in the year ended September 30, 2025.
NCC said it remains in talks about possible deals for its Escode and Cyber businesses which include “potential offers for the entire issued and to be issued share capital of the company.”
The Manchester firm also said it intends to “commence an initial share buy-back programme.”
In a strategy and trading update, NCC said it expects 2% revenue growth in its Escode business to £66.5 million to be offset by a cyber security revenue decline of 4% to £227 million.
Adjusted EBITDA is expected to be £43.5 million, in line with the board’s expectations.
On its strategy, NCC said: “On 28 April 2025, the board confirmed that it was investigating a number of options for its Escode business including a potential sale (Escode Review). We currently remain in that process and we will provide a further update in due course.
“Reflecting the board’s continued confidence in the future prospects of the group, and the strength of the balance sheet, regardless of the outcome of the Escode Review we intend to commence an initial share buy-back programme.
“This will be carried out utilising our current shareholder authority and in accordance with our Capital Allocation Policy, and relevant legal and regulatory obligations.
“The initial share buy-back programme will not launch before 11 December 2025 and the Board will provide further detail when appropriate. In addition, our existing Dividend Policy will remain unchanged by any share buy-back programme.
“Further to a subsequent announcement on 16 July 2025, the board confirms that the group remains in the early stages of a review of all strategic options for its Cyber business should the Escode business be sold, this includes a range of potential outcomes including potential offers for the entire issued and to be issued share capital of the company, and that no decision has been made regarding which options will be pursued.”