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Shearwater Group PLC on Wednesday said its subsidiary Brookcourt Solutions has secured a two-year contract extension worth around £8.4 million with a multinational telecommunications and media company. Shares in Shearwater were up 12% at 35.33 pence in London on Wednesday morning. The London-based cybersecurity advisory and managed security services group said the renewal builds on a previous three-year deal and will see Brookcourt continue delivering advanced service assurance solutions to support critical applications and processes across all technology domains of the client, whom it didn’t name. The company said the extension further cements Brookcourt’s role as a ‘trusted provider’ of forensic monitoring solutions, support, training, and managed services. Shearwater noted that all revenue and cost of sales related to the contract will be recognised in financial 2025. The deal is expected to contribute to results for the period being in line with market expectations, which would represent a ‘significant’ annualised increase in both revenue and adjusted earnings before interest, taxes, depreciation, and amortisation compared to financial 2024. Chief Executive Officer Phil Higgins said: ‘We are delighted to have secured this contract extension, further cementing our partnership with one of our key clients. This demonstrates the strength of the Group‘s capabilities and our ability to deliver long-term, mission-critical security and monitoring solutions.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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