NCC has updated the market on its FY25 performance indicating Adjusted EBITDA is expected to be in line with the Board’s expectations of c. £43.5m (Zeus: £41.5m) despite some topline weakness with its Cyber division. Revenue (excluding disposals) is expected to be c. £293.5m against Zeus’ £293.3m (£305.8m incl disposals). Encouragingly, trading improved sequentially in both divisions from H1 to H2 and we are impressed with the continued growth in revenue and gross margin for Escode. Zeus leaves ....
