GB Group (LSE:GBG), the global identity and location technology business, posted revenue up 3.2% on a constant currency basis for the year ended 31 March versus the prior year, driven by 5.7% second‑half growth in Identity and Location.
Adjusted operating profit was £67.5m and adjusted diluted earnings per share rose 9.3% to 19.0p, driven by simplification, cost management, lower net interest and buyback accretion. Statutory loss before tax was £74.5m, primarily reflecting a non‑cash impairment charge of £73.1m.
Cash conversion was 87% and net debt was £80.1m at year end, representing 1.15x leverage, with £45m of share buybacks completed and a further £10m committed.
The GBG Go platform has signed more than 100 customer contracts with a 225+ qualified lead pipeline and the Foresight AI analytics layer is now commercially available. Americas Identity returned to growth in Q4 as sales productivity improvements reduced time‑to‑revenue and Go‑to‑market teams have been combined to unlock cross‑sell.
"GBG Go has been extremely well received by customers, and now is the time for us to be bolder in capitalising on the significant market opportunity," Dev Dhiman said.
The board said the one‑off £6m FY27 investment will accelerate Go's roadmap, it expects mid‑single‑digit revenue growth in FY27 with adjusted operating margins of 21-22% in FY27 returning to 23-24% in FY28 and incremental revenue of at least 1% in FY28 (c.2% once fully commercialised).
