GB Group PLC
14 August 2026
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Embargoed until 7.00 a.m. |
Friday, 14 August 2026 |
This announcement contains inside information for the purposes of article 7 of (EU) Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) and as subsequently amended by the Financial Services Act 2021 ('UK MAR'). Upon publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.
GB GROUP PLC
("GBG", the "Group" or the "Company")
Americas Identity trading update
GBG, the global identity and location technology business, provides an update on recent trading in its Americas Identity business.
As reported in our AGM statement on 21 July 2026, first quarter financial performance was in line with the Board's expectations, supported by strong trading from Identity in EMEA resulting from continued momentum with GBG Go, our AI-powered global identity platform.
First quarter revenue in Americas Identity was only marginally below our plan, but growth has not improved in the second quarter as we have seen higher than expected volume attrition on a few material customers. While our sales pipeline remains strong, the time required to convert opportunities into recognised revenue given our normal sales cycle means the impact of this attrition is unlikely to be mitigated within the current financial year.
As a result, we now expect total group revenue growth for FY27 to be within the range of 1-3% (having previously guided mid-single digit). We will continue with the one-off £6 million investment announced in June to accelerate GBG Go's innovation roadmap and we are focused on mitigating the attrition headwind with strong cost control and expect an FY27 adjusted operating profit margin of approximately 21%.
As we move into the next phase of our plan to accelerate growth in the Americas, Tom Schutz (Chief Revenue Officer, Americas) has left the business. James Gothard, our Chief Operating Officer, will assume interim responsibility for the Americas business. James brings deep operational expertise and has worked closely with the Americas leadership team, positioning him well to focus on continued execution and drive momentum through this transition.
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About GB Group plc ("GBG")
GBG exists to enable safe and rewarding digital lives for genuine people, everywhere. As the AI trust intelligence platform, we turn billions of interactions across people, places and businesses into the signals that help businesses drive and protect growth.
For over 30 years, we have combined global data with innovative technology to help more than 20,000 customers globally verify identity and location, protecting against digital crime, strengthening business resilience and driving responsible growth at scale.
GBG is a publicly traded company (LSE: GBG) and constituent of the FTSE 250 index. Further information on our business can be found on our corporate website: www.gbgplc.com
For the purposes of UK MAR, the person responsible for arranging the release of this announcement on behalf of GB Group plc is Annabelle Burton, Group Company Secretary.
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