Triad Group (TRD) H2 2026 earnings summary

Executive summary

• Revenue increased 16% year-over-year to £24.8m, driven by both existing and new contracts, especially in the public sector.

• Profit before tax rose 26% to £1.9m, with profit after tax stable at £1.7m.

• Cash reserves grew to £4.2m, and no external financing was required.

• Headcount of permanent consultants increased to 170, supporting delivery and profitability.

• The Board proposes a final dividend of 6p per share, totaling 9p for the year.

Financial highlights

• Revenue: £24.8m (2025: £21.4m), up 16%.

• Gross profit: £6.7m (2025: £6.1m), up 10%; gross margin declined to 27.1% from 28.6% due to higher employment costs.

• EBITDA: £2.0m (2025: £1.7m); profit before tax: £1.9m (2025: £1.5m).

• Profit after tax: £1.7m (2025: £1.7m).

• Cash and cash equivalents: £4.2m (2025: £3.4m).

• Basic EPS: 9.92p (2025: 9.93p).

Outlook and guidance

• The new financial year started well, with secured work at higher levels than previous years.

• Management remains confident in continued growth, supported by a robust pipeline and strong client relationships.

• Dividend policy remains progressive, supported by cash generation and profitability.