Gb Group Regulatory News (GBG)

GB GROUP PLC

("GBG", "Group" or the "Company")

2025 AGM Statement

Today, GBG, a global identity technology business enabling safe and rewarding digital lives, will hold its Annual General Meeting ("AGM") today at 10.00 am BST at its offices in London.

Ahead of the formal business of the AGM, Richard Longdon, Non-Executive Chair, will make the following statement:

"As reported in our full-year results announcement on 10th June 2025, FY25 marked a year of transition. Under new leadership, the Group made strong operational progress, set out a clear strategic direction that reinforces our confidence in accelerating future growth and aligned behind a new purpose, 'enabling safe and rewarding digital lives for genuine people, everywhere', which reflects the mission-critical nature of our business.

During FY25, the Group delivered constant currency revenue growth of 3.0% to £282.7 million. This was encouraging given the challenging macroeconomic backdrop as well as the ongoing turnaround of our Americas Identity business. Within this, it was pleasing to see our net revenue retention rate (NRR) for Identity and Location increasing to 101.1% and growth in annual recurring revenue (ARR) in Fraud of 5.0%. The Group also delivered strong profitability as a continued focus on simplification and global alignment underpinned adjusted operating profit growth of 9.5% to £67.0 million.

Consistent with our results announcement on 10 June, GBG traded in line with our expectations during the first quarter of FY26, and our full year revenue outlook remains consistent with current market expectations. We continue to expect that, given the relative strength of the first half of FY25, our FY26 growth in constant currency terms will naturally be second half weighted. Based on current spot rates, FX translation will be a headwind to reported revenue growth, with the majority of this impact already reflected in current market expectations.

Looking ahead, GBG has clear strategic priorities focused on long-term value creation through product innovation, market expansion, and operational excellence to capitalise on the significant growth opportunities ahead. This includes further operational improvements in Americas Identity; enhancements to sales productivity and embedding a new performance management framework. Underpinned by our core strengths in Identity fraud and Location, the business will also continue to drive increased value to our customers through broader adoption of AI-driven capabilities and continued investment in GBG Go as the business evolves towards a platform model with global scale.

Commencement of a share repurchase programme

The Board of GBG has approved the commencement of a share buyback programme in respect of its shares up to a maximum amount of £25 million, which we intend to begin tomorrow. The Board considers a share buyback to be an attractive use of surplus capital, aligned with our capital allocation policy, to generate significant shareholder value over the long-term.

Update on intention to move from AIM to the Main Market

GBG confirms that the necessary workstreams are underway to support our proposed application to the Financial Conduct Authority for the Group's ordinary shares to be admitted to the ESCC segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission") with the Admission expected to occur by early November 2025."