Gattaca plc (LON:GATC), the specialist workforce solutions business, has provided the following trading update for the year ended 31 July 2026.
FY26 Highlights
| · | Group Net Fee Income1 expected to be 11% up at £43.2m (FY25: £38.8m) driven by strong contract growth. On a like-for-like basis² (“LFL”), NFI increased by 7%. |
| · | Contract NFI increased by 16% YoY, reflecting increased activity levels in our core sectors on Infrastructure, Defence, Energy, Mobility and Digital Technology. LFL +14%. |
| · | Permanent fees were stable with LFL NFI down (3)% with Group permanent fees up 5% reflecting the contribution of Infosec. |
| · | Statement of Work (“SoW”) NFI continued to be subdued as expected, through the second half as major client programmes continued to be delayed. |
| · | Sales headcount was 4% lower than at the prior year end, targeted recruitment activity in Q4 resulted in a 3% increase during the quarter, supporting the Group’s growth ambitions for FY27. |
| · | Improved sales productivity per head and focus on costs driving increased margin conversion. As a result, the Group will deliver underlying Profit before Tax of approximately £6.1m (FY25: £3.3m), above previous guidance of £6.0m. |
| · | Statutory net cash at 31 July 2026 of £15m (31 July 2025: net cash of £15.7m, 31 January 2026: net cash of £13.0m). |
| · | Robust balance sheet, profitability and cash generation will support continued distributions under the Group’s dividend policy, final dividend to be declared at the forthcoming results. |
Outlook
The Board is mindful of the prevailing macroeconomic uncertainty and cautious customer decision-making that continue to influence hiring markets. Against this backdrop Gattaca is well positioned with the demand for specialist skills and services remaining resilient. The Group is in a strong position, with improving operational momentum, growing customer base, broader contractor base supplemented by a healthy pipeline of opportunities. Management intends to make targeted investments in sales consultants to support market share gains and continued future growth, we will also continue to look for complementary acquisitions in key areas. The Board expects to deliver further improvement in Profit before Tax in FY27.
Commenting, Matthew Wragg, Chief Executive Officer of Gattaca, said:
“I am extremely pleased with the progress the Group has made during FY26. Through a clear focus on our markets, consultant performance and operational efficiency, we have grown market share, delivered strong growth in net fee income and achieved a significant increase in profitability.
Through our focus on the elements within our control, we enter FY27 with good momentum. The Group is developing strong market positions and is seeing the increased benefit of our tech stack, excellent staff engagement, healthy opportunity pipeline and robust balance sheet. As a result, we enter the new financial year with renewed optimism”
1. NFI is calculated as revenue less contractor payroll costs
2. Like‑for‑like results exclude the contribution of InfoSec People Limited (“InfoSec”), which was acquired on 5 August 2025
