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Intercede Group PLC on Tuesday said it is ‘primed for growth’ despite reporting a drop in sales and profit in its financial year. The Leicestershire, England-based cybersecurity software firm said pretax profit fell 18% to £4.6 million in the financial year ended March 31 from £5.6 million a year prior. Revenue fell 12% to £17.7 million from £20.0 million, with the prior year period benefiting from an exceptional perpetual licence sale of around £6 million signed in December 2023. Intercede said it is ‘primed for growth’ and is already ‘seeing the benefits of targeted development and investments in its product offering.’ ‘The group is excited about the future and confident it will continue to build on the solid foundations in the years ahead,’ the firm added in a statement. Despite ongoing global uncertainty, Intercede said the cybersecurity market continues to expand, driven by the ‘increasing complexity of threats and the growing influence of emerging technologies such as AI.’ Intercede said it is seeing ‘no current impact’ from tariffs or Department of Government Efficiency directives, but said there is potential upside driven by increased US Department of Defence spending. Current trading is in line with expectations, with ‘our Tier 1 client base continuing to grow and diversify, reinforcing the group’s strong market position,’ Intercede added. No dividend was declared, unchanged from a year ago. Shares in Intercede were 1.1% lower at 178.50 pence each in London on Tuesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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