Triad Group (TRD) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 September 2025 rose 16% year-over-year to £12.01m, with gross profit up to £3.12m and profit after tax at £0.88m.

• The business model remains focused on organic growth, value for money, and long-term public sector relationships.

• Headcount increased to 181, reflecting strong demand, especially in digital and Salesforce practices supporting government digital transformation.

• Major new contracts were secured with the Office of Product Safety and Standards and continued growth in business analysis services for the Met Office.

• The company remains debt-free and cash-rich, with cash reserves at £3.71m.

Financial highlights

• Revenue increased to £12.01m from £10.21m year-over-year; gross profit margin decreased to 26.0% from 29.1%.

• EBITDA was £0.89m, up slightly from £0.87m; profit before tax rose to £0.82m from £0.75m.

• Profit after tax reached £0.88m, up from £0.78m; basic EPS was 5.21p, up from 4.66p.

• Interim dividend increased to 3p per share (from 2p); cash reserves grew by £0.83m to £3.71m.

Outlook and guidance

• The company is well-positioned to handle potential changes in the public sector landscape, with a robust and resilient business model.

• The Board remains confident in future prospects, expecting to benefit from opportunities arising from sector changes.

• Interim dividend increase reflects confidence in future performance.