Shearwater targets FY2026 revenue of about £42 million and adjusted EBITDA of £2.5 million, beating forecasts
AI Market Summary
Shearwater Group reported FY26 revenue and adjusted EBITDA ahead of expectations, with stronger net cash and a planned balance-sheet reserve reallocation to enable potential buybacks and/or dividends. The update highlights resilient demand for cybersecurity services and effective contract conversion, improving confidence in near-term corporate fundamentals. Market-wide spillover is likely limited given the single-stock nature of the news and lack of broader macro implications.
Impact level
● Low
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NCCOGOLD2USD/USDT+0.85%
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▲ Bullish
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Shearwater Group (SWG) said it expects revenue of about £42 million for the year ended 30 June 2026, up 33% year on year, with adjusted EBITDA forecast at £2.5 million, a 41% increase, both ahead of market expectations. Net cash rose to £5.6 million from £5.1 million a year earlier. The company also plans to pursue a balance-sheet capital reallocation to support potential share buybacks and/or a dividend.
