Sysgroup Share News (SYS)

(Alliance News) - 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 GBP1.1 million from the acquisition of Saxis Group Ltd, which closed in December.

SysGroup estimated that annual revenue rose 7.6% on-year to GBP22.1 million from GBP20.5 million.

It expects to report full-year adjusted earnings before interest, tax, depreciation and amortisation of GBP1.2 million. This would be up from GBP900,000 in financial 2025, up from GBP200,000 in the first half of financial 2026, and "ahead of current market expectations", SysGroup said.

It ended March with gross cash of GBP7.7 million in gross cash, down from GBP8.7 million on-year and a net cash position of GBP2.7 million, down from GBP3.6 million, reflecting a GBP1.3 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.

By Holly Munks, Alliance News reporter

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