Bytes Technology Group expects strong H1 performance, initiates share buyback

Bytes Technology Group (BTG) expects to release its interim results for the half year ended August 31, 2025, on October 14, 2025. The company forecasts Gross Invoiced Income of approximately £1.33bn, Gross Profit of not less than £82m, and Operating Profit of not less than £33m for H1 FY26. BTG's net cash position at the end of H1 FY26 was approximately £82m, following dividend payments of £41m and share purchases of £1m. The company expects strong cash conversion for the full year, consistent with its normal second-half weighting.

Sam Mudd, chief executive officer, noted resilient performance, improved by a new corporate sales structure, and expressed confidence in the growth strategy driven by cloud computing, cyber security, and AI. The company acknowledges potential impacts on comparatives due to strong trading in the latter months of the prior financial year.

Separately, BTG announced the purchase of 125,000 of its ordinary shares on September 17, 2025, at a volume-weighted average price of 409.7672 GBp per share, as part of its £25m repurchase program. These shares are intended for cancellation, which will result in a total of 240,901,713 ordinary shares in issue with corresponding voting rights.