Manchester-based global cyber security firm NCC Group plc said on Thursday it has determined “that remaining a listed company is in the best interests of shareholders at this time.”

NCC also published results for the six months to March 31, 2026, showing revenue — excluding Fox Crypto — on a constant currency basis increased 5% to £151.3 million and it made a loss before tax of £6.4 million.

NCC shares fell as much as 6% to around £1.33 to give the firm a stock market value of roughly £382 million.

Last month, NCC announced it completed the sale of its Escode business to TDR Capital LLP for total enterprise value of £275 million, and an aggregate gross consideration of £309.1 million.

NCC said it has now concluded the review of its Cyber business.

“As set out at the Capital Markets Event held on 13 March 2026, the business has completed a period of significant strategic and operational change and now operates as a focused, pure-play cyber security and resilience business,” said NCC.

“While the board remains mindful of the prevailing macros-economic environment, it believes the business is appropriately positioned for its next phase of development.

“The board has concluded its strategic review of the Cyber business, which considered all options including a potential sale of the company, and has determined that remaining a listed company is in the best interests of shareholders at this time.

“The company is not in receipt of any approaches or in discussions with any party in relation to a potential sale of the company. The board’s focus remains on executing the group’s strategy and maximising value for shareholders.

“Accordingly, the company is no longer in an offer period for the purposes of the City Code on Takeovers and Mergers and the disclosure requirements under Rule 8 of the Takeover Code have therefore now ceased.”