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  • 20 Dec 23
H1’24: Revenue growth and positive EBITDA

GRC International’s interim results reflect the ongoing transition from a services business to one centred around recurring revenue products. ARR increased 36% yoy to £11.0m with recurring and contracted revenue up 8% to £5.5m and now c.72% of total revenue (H1’23: c.70%). H1’24 saw continued revenue growth, positive EBITDA and a reduced FCF burn, but GRC exited the period with £1.5m net debt and c.£0.35m of an unsecured loan facility undrawn. Looking ahead, GRC is well positioned to benefit fro

Companies: GRC International Group Plc

Singer Capital Markets
  • 20 Dec 23
GRC Interim results

GRC has reported interims that are in line with its forecast and states that it is confident FY24 results will meet market expectations.

Companies: GRC International Group Plc

Dowgate Capital
  • 05 Sep 23
FY23 Results: A second year of positive EBITDA

GRC has reported FY23 results that are in-line with the Group’s May 2023 trading update. Group revenue increased 6% yoy to £14.7m (SCMe: £14.7m) with SaaS revenue up 11% and ARR +31% to £10.9m. Recurring revenues now account for 73% of total revenues, making GRC a markedly different business to the GDPR consultant that listed in 2018. FY23 was also a second successive year of EBITDA profitability. This is a robust result against a challenging backdrop, and when the tide eventually turns, GRC sho

Companies: GRC International Group Plc

Singer Capital Markets
  • 05 Sep 23
FY23 Results Update

GRC has reported results for the year to March 2023 that are in line with our estimates and following a strong fiscal Q4 and robust start to the new financial year we are maintaining our FY24 forecasts.

Companies: GRC International Group Plc

Dowgate Capital
  • 14 Aug 23
EuroPrivacy & Industry Tailwinds

GRC has been appointed an official partner for the European Centre for Certification & Privacy while we note continued industry tailwinds including the PSNI data breach and new SEC regulations that highlight the need for the services provided by GRC.

Companies: GRC International Group Plc

Dowgate Capital
  • 10 May 23
FY23 Trading Update

GRC has provided a trading update for FY’Mar23 which reflects a macro-impacted Q3 (given fall out from September 2022 mini budget) but a strong Q4 (in-line with H1) with the highest level of training course attendance since the end of the GDPR boom. FY23 group revenues are expected to be below our forecast at £14.5-15.0m (SCMe: £16.2m) with contracted and recurring revenues accounting for >60%. Due to the operating leverage within the business and investments made in Q3, the short fall in revenu

Companies: GRC International Group Plc

Singer Capital Markets
  • 10 May 23
FY23 Trading Update

GRC has released a Trading Update which states that it expects Revenues and EBITDA for the year to March will be slightly below the range we calculated in March.

Companies: GRC International Group Plc

Dowgate Capital
  • 06 Mar 23
Sector readacross

We expect GRC will release a Trading Update for the year to March 2023 in May and ahead of this we choose to trim our Revenue and EBITDA consistent with recent updates from other Cybersecurity groups.

Companies: GRC International Group Plc

Dowgate Capital
  • 08 Dec 22
H1’23: Double digit revenue growth

GRC has reported strong interim results with 11% revenue growth to £7.3m (H1’22: £6.6m) and 73% of revenue now generated from recurring and contracted revenue contracts (FY’22: 61%). The Group has continued to invest heavily in higher margin SaaS and E-Commerce products with early signs of progress given the SaaS business grew 31% (+£0.5m). Management’s focus on higher margin subscription services is driving an expansion in gross margins (+200bps in H1’23) and we expect operational leverage in f

Companies: GRC International Group Plc

Singer Capital Markets
  • 08 Dec 22
Robust interim results

GRC's results show the company continued to grow strongly during the H1 FY23 period despite macro headwinds and inflationary pressures. Group revenue increased 11% YoY to £7.3m, driven by GRC's SaaS division which grew 31% YoY. The quality of revenue further improved with recurring and contracted revenue accounting for 73% of Group revenue (61% in H1 FY22) and existing customers accounting for 71% of revenue (57%).

Companies: GRC International Group Plc

Dowgate Capital
  • 01 Dec 22
One-stop cyber shop

Our increasingly hybrid world has created greater digital vulnerabilities for cyber criminals to exploit. The increase in the sophistication and severity of these attacks has led Lloyds of London to update its cyber insurance terms in Aug’22 to ‘exclude liability for losses arising from any state backed cyber-attack’. Against this backdrop of increasingly vulnerable, hybrid work environments and a significant, deep-seated shortage of cyber and compliance skills, GRC is well placed as a one-stop

Companies: GRC International Group Plc

Singer Capital Markets
  • 15 Sep 22
2021 results

GRC was founded in 2002 by CEO Alan Calder, who remains the largest shareholder with 28% and is chaired by Andrew Brode (RWS & LTG, 13% holder). GRC is leveraged into the global cybersecurity market, which is forecast to grow +13% p/a to $317bn by 2027.

Companies: GRC International Group Plc

Dowgate Capital
  • 31 Aug 22
FY22 results: Swing to profitability

GRC recovered robustly during FY22, swinging to an EBITDA profit and beating DCe.

Companies: GRC International Group Plc

Dowgate Capital
  • 04 Jul 22
US expansion

GRC, through its global IT Governance brand, has been accredited by the PCI SSC to provide PCI QSA services in the USA. All businesses that accept payment cards are susceptible to hackers attempting to steal financial information and commit identity fraud.

Companies: GRC International Group Plc

Dowgate Capital
  • 03 May 22
FY22 trading update

GRC's trading update shows it continued to grow strongly in H2, swinging to an EBITDA profit.

Companies: GRC International Group Plc

Dowgate Capital

GRC International Group Plc

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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on GRC International Group Plc. We currently have 31 research reports from 4 professional analysts.

Latest News/RNS

(more news)
Date Source Announcement
20Dec23 07:00 RNS GRC Intnl.Group PLC - Half-year Report
29Sep23 15:59 RNS GRC Intnl.Group PLC - Result of AGM
21Sep23 07:00 RNS GRC Intnl.Group PLC - Investor Presentation
06Sep23 17:19 RNS GRC Intnl.Group PLC - Annual Report and Notice of AGM
05Sep23 07:00 RNS GRC Intnl.Group PLC - Final results for the year ended 31 March 2023
31Aug23 07:00 RNS GRC Intnl.Group PLC - GLaunches Comprehensive Suite of DORA Services
14Aug23 07:00 RNS GRC Intnl.Group PLC - GRC Named Official Partner of Europrivacy
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