|
NCC PLC on Tuesday said it was considering offers to buy the whole company, as it continues to review its Escode and Cyber Security operations. The Manchester, England-based firm in April reported that it was considering offers for Escode, the segment focused on software escrow, which involves storing software source codes deposited by vendors before being released to licensees. As of Tuesday, the Escode review process continues, with NCC planning to update ‘in due course’. It has also begun reviewing options for its Cyber Security business, and potential takeover bids for the whole group, though the company noted that ‘no decision has been made’. NCC intends to launch share buybacks after publishing full-year results on December 11, regardless of the Escode outcome. The company guided for annual adjusted earnings before interest, tax, depreciation and amortisation of around £43.5 million, in line with its expectations. It estimated that revenue for the year ended September 30 declined 2.5% at constant currency to £294 million. For the 16 months that ended September 30, 2024, total revenue was £429.5 million versus £335.1 million in the 12 months ended May 31, 2024, before the company changed its year-end. A 2% revenue boost for Escode to £66.5 million in financial 2025 was offset by a 4% downturn in Cyber Security to about £227 million, NCC noted. Net cash at year-end is expected to be around £13 million, ahead of NCC’s expectations, compared to net debt of £72.9 million a year earlier. NCC shares rose 1.5% to 146.40 pence on Tuesday morning in London. The stock is down 9.6% over the past twelve months. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
