Acuity RM Group plc (LON:ACRM), the software group focused on cybersecurity risk management, has announced its interim results for the six months ended 30 June 2026.
Key points
- Launch of STREAM® Cloud in March 2026, aimed at the regulated mid-market customer segment and broadening the appeal of Acuity’s products into the wider private sector.
- Revenue for the six months of £877,000, down 23% on comparative six-month period due to impact of prior year subscription cancellations and an order pipeline weighted towards second half of 2026.
- Operating losses reduced to £10,000, compared to losses of £282,000 in the comparative six-month period, reflecting completion of significant cost cutting programme.
- Debt reduced to £79,000 (remaining CBILS and lease liability), down from £129,000 at December 2025.
- Equity fund raise completed in July 2026 raising gross proceeds of £458,000.
- Significant new contract wins announced in August and September 2026 with annual recurring revenues totalling over £300,000.
- Current forward contracted revenues after those new contract wins of £2,265,000, up from £1,968,000 at the start of the financial year.
- Development of new AI-native Risk OS software continuing with launch expected in fourth quarter of 2026 to increase Acuity’s market and commercial opportunities.
Commenting, Chief Executive David Rajakovich said,
“These results show the improvement in financial performance we have been working towards. The Group’s operating result is now close to breakeven, with administrative expenses 38% lower than a year ago. Our progress does not yet reflect the full potential of the business.
Closing that gap — and delivering growth at the pace this opportunity supports — remains my central priority. The second half and 2027 are therefore about growth — the planned launch of Risk OS, folding our Vendor Management Hub capability into STREAM® Cloud, and building both an organic and partner-led route to market, each funded against milestones so that we can continue the progress we have made.
We do that in a market where the UK public sector is increasingly clear that cyber resilience requires sustained investment, and where national defence and wider public sector organisations already trust Acuity to help them manage that risk.”
Chairman’s statement
Introduction
The directors are pleased to present the interim results for the six months to 30 June 2026.
Performance in the six months saw the improved financial performance achieved in the latter stages of 2025 continue. The Group made a loss before tax of £34,000 (2025 £263,000) a reduction of 87%, whilst the trading company continued to trade profitably.
The main focus of the business in the first half year has been, and continues to be, increasing scale through organic growth and potentially by focused acquisition. The organic growth is being driven by investment in new products to grow the available market particularly for those companies and organisations which have relatively simple IT infrastructure and are light on IT resources. The new products are ‘plug and play’ delivered on a SaaS model which requires minimal IT management and still provides excellent cybersecurity risk management. We believe the market for cybersecurity is set for long term growth as there is increasing awareness of the risks and costs related to cybersecurity failures.
As part of the growth plan additional resources have been invested in marketing, sales and distribution to create demand in the UK and enable growth in overseas territories including continental Europe where we recently won the first order from a leading defence company. Further details are given in the Chief Executive’s statement below.
Outlook
As referenced in previous statements the objective is to create shareholder value through growth. Whilst this industry has long lead times the initiatives taken have begun to have an effect:
• New products to grow the market – the first has been launched and another is in development
• Effective marketing to create awareness and drive demand
• Enhanced distribution to increase demand in target markets and territories outside the UK
A feature of software businesses is that once a product has been developed it should generate high gross margins, 90% or more, and be cash generative. Acuity is at a tipping point currently trading near breakeven and with the focus on growing revenues this should drive profits and cash generation.
I would like to thank all shareholders for their support, particularly those who invested in the recent fund raise.
Angus Forrest, Chairman
