SysGroup PLC (AIM:SYS, AQSE:SYS) shares moved up, climbing 5% to 21p, after the company told investors it expects to exceed market expectations for FY27 after its AI-led restructuring helped lift earnings and sharpen second-half momentum.
The AIM-listed managed IT services provider reported an 8% rise in revenue to £22.1 million for the year to 31 March 2026, while adjusted EBITDA climbed 26% to £1.2 million. Revenue in the second half rose 17%, including 7% organic growth, with £1.0 million of adjusted EBITDA delivered in H2.
Cybersecurity continued to take a larger share of the business, rising to 45% of group revenue from 40% a year earlier. That mix shift weighed slightly on gross margin, which eased to 47% from 49%, though the company said its AI-enabled Project Atlas programme delivered £1.2 million of run-rate savings.
SysGroup ended the year with £7.7 million of gross cash and £2.7 million of net cash after paying £1.25 million for Saxis, a specialist in enterprise storage and data protection. The deal includes up to £0.5 million of earn-out consideration, while 30% of Saxis contract wins since acquisition have come from cross-selling SysGroup products.
Chief financial officer Owen Phillips has stepped down from the board with immediate effect to pursue another opportunity, though he will support a handover over the coming months. Craig Ormesher, group financial controller since 2024, has been appointed interim CFO.
