Newmark Security (NWT) Trading Update summary

Trading performance and outlook

• Strong start to the financial year with expected robust revenue growth for H1 2026, positively impacting profitability.

• Performance remains weighted to the second half, with momentum building in core business areas.

• Human Capital Management (HCM) annualised recurring revenue up 36% year-on-year to £3.8 million as of September 2025.

• HCM's direct-to-end-user strategy in North America is gaining traction, with a growing sales order book.

• Safetell has recovered from prior contract delays, with installations and service revenues increasing.

Strategic initiatives and business development

• Strategic review of Safetell is progressing, with a cost reduction programme underway and further savings anticipated.

• HCM is now positioned as the primary growth engine for the group.

• Access Control strategy is under review, including new product development to unlock growth opportunities.

• Launch of the new GT Tablet workforce management solution is attracting strong customer interest and initial orders.

Governance and shareholder engagement

• Board is considering reshaping its composition, including appointing at least one new independent non-executive director.

• Board welcomes shareholder feedback and remains open to constructive discussions.

• Response issued to a significant shareholder's open letter, with further updates on governance to follow.