RWS Holdings (AIM:RWS), the global AI solutions company, expects FY26 performance to be in line with market expectations and existing guidance.
Reported revenue for the six months to 31 March is expected to be approximately £360m, a c.5% increase on the prior year, with organic constant currency (OCC) revenue up c.7%.
"Momentum continues to build, underpinning our expectations for a full year performance in line with guidance," said Ben Faes, Chief Executive Officer.
Adjusted profit before tax is expected to be approximately £24m (H1 FY25: £18m), supported by the group's on-going efficiency programme, cash generation remains strong and net debt was approximately £33m at 31 March after the £17m FY25 final dividend payment.
Generate delivered strong double-digit OCC revenue growth led by an exceptional TrainAI performance from additional programmes with existing clients and initial revenues from a new technology client, Transform's OCC revenue declined as guided while Protect saw good OCC growth driven by Renewals, and management says Q2 momentum supports the second half.
On 25 March RWS launched Language Weaver Pro, which ranked first in 31 of 32 languages in the company's benchmarking tests, outperforming industry AI translation tools including DeepL and Gemini.
RWS will publish its half-year results on 11 June.
