SysGroup delivered FY25 results precisely in line with our expectations. Management has transformed the company and established the foundations for growth, with a broadened and upgraded product suite, improved customer satisfaction, increased operating efficiency and rebuilt sales capacity. The current macroeconomic climate, however, appears challenging prompting customers to delay and downsize projects. We conservatively lower our FY26 EBITDA forecast to £1.0m from £2.2m and expect to revisit e ....
