Team Internet progresses DIS review with "highly engaged" parties

(Alliance News) - Team Internet Group PLC on Friday said 2026 trading to-date has aligned with expectations, as it reported progress in the strategic review of its Domains, Identity & Software division.

The strategic review was initially launched back in November, as Team Internet sought to explore divestment of the DIS segment following receipt of inbound interest.

At that time, the London-based internet services company said the division could command a valuation "materially in excess" of the company's around GBP120 million market capitalisation.

On Friday, Team Internet reiterated this expectation, as it said the process has progressed with "a number of highly engaged parties".

"The board has taken a disciplined approach to ensure broad participation, supporting competitive tension and value maximisation," said the company.

Team Internet added that there is no certainty a transaction will be completed, nor as to the terms of any potential one.

On current trading, Team Internet said performance so far in 2026 has been in line with expectations, with it continuing to take a disciplined approach to cost management.

Team Internet also said it is taking proactive steps to optimise its capital structure, as well as enhance optionality in the ongoing review process. Owing to this, it said it has mandated Pareto Securities to arrange fixed income investor meetings.

Shares in Team Internet were 4.7% higher at 33.50 pence on Friday morning in London, for a market capitalisation of GBP83.7 million.

"We have approached the strategic review of DIS in a disciplined and value-driven manner, ensuring broad participation and a competitive process. The level of engagement we are seeing from well-funded counterparties reinforces our conviction in the intrinsic value of the DIS business," said Chief Executive Michael Riedl.

"At the same time, our underlying group continues to trade in line with expectations, with the transition in Search now substantially complete and our core businesses performing well. This gives us the confidence and flexibility to pursue the outcome that delivers the best value for shareholders."

Team Internet expects to publish its audited full-year results for 2025 in late May.

By Christopher Ward, Alliance News reporter

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