Newmark Security (NWT) Trading Update summary

Trading performance and revenue outlook

• Revenue growth in the second half of FY 2025 is outpacing the first half, with full-year revenues expected to exceed the previous year.

• Human Capital Management (HCM) remains the primary revenue driver, with recurring revenue growth via the GT Connect platform.

• Sales activity in North America is strong, and global performance has improved after a slow start to the year.

• The sales pipeline for FY 2026 is building in both North America and other regions.

Strategic partnerships and product integration

• HCM's Oracle software integration is fully tested and approved, earning official Oracle integrator status.

• Software integration with Workday and SAP has commenced, with official Workday partner status achieved and SAP integration progressing.

• Accelerated plans with Oracle, Workday, and SAP aim to expand commercial opportunities.

Commercial development and investment

• Additional investment in the sales team is aimed at unlocking Direct-to-Enterprise (D2E) opportunities.

• First D2E customers are expected to be secured in FY 2026.

• Further details on progress will be provided in the full year results trading update in May 2025.