Newmark Security (NWT) Q4 25/26 TU earnings summary

Executive summary

• Achieved record group revenue of approximately £26 million for FY26, representing over 13% growth year-over-year.

• HCM revenue rose 27% to £19.5 million, with North America up 43% to £14.1 million.

• Strategic focus shifted to HCM, with expansion in North America and new large channel partners.

• Strategic review led to decision to dispose of Safetell, with advanced negotiations underway.

• Investments in people, systems, and inventory position the group for further growth in FY27.

Financial highlights

• Group revenue for FY26 expected to be no less than £26 million, up from £23 million in FY25.

• HCM revenue up 27% to £19.5 million (FY25: £15.4 million).

• HCM North America revenue up 43% to £14.1 million (FY25: £9.9 million).

• HCM annualised recurring revenue increased 8% to £3.9 million; underlying ARR up 26% excluding a phased-out Mexican customer.

• HCM operating profit increased by more than 30% year-over-year.

Outlook and guidance

• Immediate outlook for FY27 is extremely positive, with a well-defined 5-year roadmap.

• HCM sales pipeline is growing rapidly, supported by investments in people and systems.

• Sufficient inventory of microchips and products to meet customer demand.

• Board focused on HCM expansion and resolving Safetell and Access Control strategies.

• Anticipates further HCM news and continued acceleration in North America.