London · Delayed Price · Currency is GBP · Price in GBX Northcoders Group Earnings Call Transcripts
Fiscal Year 2026
-
H1 revenue was £1.4m and EBITDA loss £0.5m amid restructuring, now complete. Contracted H2 growth, lower overheads and a ~£3m COUNTER pipeline support management's path to break-even and profitability.
Fiscal Year 2025
-
Revenue fell to £4.9m as regional funding changes disrupted training, prompting cost cuts and a £1.6m year-end cash position. Counter grew to £1.5m revenue, with £1.5m contracted for 2026 and a further £1m near closing; break-even is estimated at £5m revenue.
-
H1 revenue was £3.7m and adjusted EBITDA was £0.4m, alongside 20% lower overheads and £2.3m cash. Strategy is shifting toward Counter consulting as government training funding remains uncertain.
Fiscal Year 2024
-
Revenue grew 24% to £8.8m, with adjusted EBITDA recovering to just under £1m. Growth priorities are Counter consultancy and diversified training, supported by £4.1m contracted revenue as at April and a new £1.5m NatWest loan.
-
H1 revenue rose 26%, gross margin reached 67% and adjusted EBITDA exceeded £400k, with profitability restored. Growth plans center on bootcamps, Counter and flexible delivery, while management remains confident in full-year EBITDA expectations.