Redcentric (RCN) Trading update summary

Financial performance

• H1 FY26 revenues for the continuing MSP business were approximately £67 million, aligning with management expectations and reflecting a focus on higher margin business.

• Adjusted EBITDA for H1 FY26 reached about £9.1 million, modestly above expectations due to tight expense control and a shift toward higher margin services.

• Financial results exclude the Data Centre business, which is classified as a discontinued operation.

Strategic developments

• The disposal of the Data Centre business is progressing as planned, with completion targeted for Q1 2026, pending regulatory approvals and separation matters.

• The MSP division remains focused on expanding high-quality recurring margin and disciplined cost management to deliver sustainable value.

Operational highlights

• The MSP division serves both private and public sectors, acting as an outsourced IT department and offering a comprehensive suite of IT solutions.

• Services include infrastructure management, cloud services, cybersecurity, and data analytics, supporting customers' growth and security.