SDI Group (SDI) H2 2026 TU earnings summary

Executive summary

• Full year earnings for FY26 expected to be in line with market expectations, with strong trading in the second half despite macroeconomic challenges.

• Revenue landed at the lower end of expectations, but operating margin improved, supporting earnings.

• Stronger organic growth achieved in FY26, particularly in the second half.

Financial highlights

• Market expectations for FY26: Sales of £75.4m and Adjusted Profit Before Tax of £9.8m.

• Net debt at 30 April 2026 was £24.0m (excluding deferred consideration), with £4.0m undrawn bank facility and a £9.0m accordion option.

Outlook and guidance

• Strong order book entering FY27, with a comprehensive update expected at full year results in late July.

• Strategy remains focused on supporting organic growth and targeted acquisitions.