Shares of SysGroup, the Manchester-based cloud hosting, cyber security and AI enablement firm, rose about 20% after it published a trading update for the year ended March 31 showing revenue increased 7.6%, boosted by the recent acquisition of Saxis Group Limited.

Group revenue increased 7.6% to £22.1 million, driven by a stronger second half of the financial year.

Revenue in H2 increased 17.2%, including £1.1 million from the Saxis Group Limited acquisition which completed in December 2025. On an organic basis, H2 revenue grew 7.0% year on year.

SysGroup also has offices in Edinburgh, London and Newport.

“The Group expects to report Adjusted EBITDA of £1.2m for FY26 (FY25: £0.9m; H1 FY26: £0.2m), ahead of current market expectations,” said SysGroup.

“The Group ended the year with gross cash of £7.7m (FY25: £8.7m) and a net cash position of £2.7m (FY25: £3.6m), following the payment of £1.3m in cash consideration relating to the acquisition of Saxis.”

SysGroup executive chair Heejae Chae said: “FY26 has been a year of disciplined execution and clear progress for SysGroup. A stronger second half, supported by improved go-to-market effectiveness and continued demand in cybersecurity, has driven full-year performance ahead of expectations.

“During the second half, 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.

“With improved profitability, a robust cash position, and enhanced capabilities following the Saxis acquisition, we have entered FY27 with positive momentum. This update marks an important milestone ahead of our full year results in July, where we will provide further detail on performance and outlook.”