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GB Group PLC on Tuesday reported a return to profit and increased its dividend, as the firm posted improved margins and a reduction in net debt for its recently ended financial year. The Chester, England-based software company specialising in fraud prevention and identity verification said pretax profit for the year ended March 31 was £15.7 million, swinging from a £50.4 million loss the year before. Adjusted operating profit rose 9.5% to £67.0 million, as the adjusted operating margin improved to around 24% from 22%. Revenue was £282.7 million, edging up 1.9% from £277.3 million. Identity and location services grew modestly, offsetting declines in fraud and compliance. GB Group declared a final dividend of 4.40 pence per share, up 4.8% from 4.20p, and said it plans to return over £21 million to shareholders in financial 2026. Net debt fell 40% to £48.5 million from £80.9 million. The firm launched its new global platform, GBG GO, and said it is exploring a move from AIM to the London Main Market. Chief Executive Officer Dev Dhiman said: ‘The foundations we’ve built this year, from our enhanced technology to our strengthened performance culture, position us uniquely to shape the future of digital trust. With a clear strategic direction and strong financial position, I am confident that GBG will continue to lead the way in making the digital economy safer, more inclusive, and more rewarding for everyone.’ The company said it expects financial 2026 results to be in line with current market expectations. Shares in GB Group were down 9.2% at 246.00 pence in London on Tuesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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