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GB Group PLC on Tuesday announced it will start its share buyback programme on Wednesday, while first financial quarter trading was in line with expectations. The Chester, England-based software company specialising in fraud prevention and identity verification said the up to £25 million share buyback programme is an ‘attractive use of surplus capital’. GB Group reiterated its results for the financial year ended March 31, which it had published last month. The firm said it has traded in line with expectations during its first quarter of financial 2026, with full year revenue outlook remaining consistent with current market expectations. ‘We continue to expect that, given the relative strength of the first half of FY25, our FY26 growth in constant currency terms will naturally be second half weighted. Based on current spot rates, foreign exchange translation will be a headwind to reported revenue growth, with the majority of this impact already reflected in current market expectations,’ it added. Further, GB Group confirmed that it expects its move to London’s Main Market, away from the AIM Market, by early November. ‘Looking ahead, GBG has clear strategic priorities focused on long-term value creation through product innovation, market expansion, and operational excellence to capitalise on the significant growth opportunities ahead. This includes further operational improvements in Americas Identity; enhancements to sales productivity and embedding a new performance management framework. Underpinned by our core strengths in Identity fraud and Location, the business will also continue to drive increased value to our customers through broader adoption of AI-driven capabilities and continued investment in GBG Go as the business evolves towards a platform model with global scale,’ the company said. GB Group shares rose 2.4% to 238.51 pence each on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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