Gamma Communications (LSE:GAMA), in an AGM trading update, said it expects its financial performance for the year to 31 December to be in line with market expectations.
The update, provided ahead of the group's AGM, pointed to a good start to FY 2026.
In particular, management flagged continued strong adoption of cloud communications in Germany, growing cloud volumes in the UK SME business driven by Webex for Gamma and PhoneLine+ despite PSTN switch-off headwinds, early international traction in the Service Provider segment in Germany, Australia and Singapore, and Enterprise wins including an AI-led customer experience deployment at JD Sports and contracts with Rochdale Borough Council and Greater Glasgow & Clyde NHS.
It reported net debt of £1.6m at 30 April, down from £9.3m at 31 December 2025, after £12.1m of share buybacks to end-April and £3.8m of deferred and contingent acquisition consideration.
The board confirmed it remains in preliminary discussions with a number of interested counterparties.
Gamma will provide its next trading update alongside interim results for the six months ending 30 June, scheduled for Monday 7 September.
