Bytes Technology expects "resilient" first-half financial results

(Alliance News) - Bytes Technology Group PLC said on Thursday it expects to deliver a "resilient" financial performance in the first half of its financial year.

The Surrey, England-based enterprise software group guides for gross profit of no less than GBP82 million for the six months that ended August 31, from GBP82.1 million a year earlier.

Operating profit is expected to be no less than GBP33 million, compared to GBP35.6 million, and gross invoiced income is estimated at about GBP1.33 billion from GBP1.23 billion.

At at August 31, net cash position was GBP82 million, after paying GBP41 million of final and special dividends, and purchasing GBP1 million shares as part of the GBP25 million repurchase programme announced in August.

"We delivered a resilient performance, improving through the period as we successfully settled into our new corporate sales structure, and I am grateful to our teams for their ongoing efforts," Bytes Technology Chief Executive Officer Sam Mudd said.

Mudd said the company has a strong pipeline and expects continued momentum into the start of the second half the 2026 financial year.

Bytes Technology plans to release its half year results on October 14.

By Artwell Dlamini, Alliance News senior reporter South Africa

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