3 Segmental information The Group is organised into the following two (2024: two) reportable segments: Cyber Security and Escode. The two reporting segments provide distinct types of service. Within each of the reporting segments the operating segments provide a homogeneous group of services. These operating segments are deemed to hold similar economic characteristics. The operating segments are grouped into the reporting segments on the basis of how they are reported to the Chief Operating Decision Maker (CODM) for the purposes of IFRS 8 ‘Operating Segments’, which is considered to be the Board of Directors of NCC Group plc. Operating segments are aggregated into the two reportable segments based on the types and delivery methods of services they provide, common management structures, and their relatively homogeneous commercial and strategic market environments. Performance is measured based on reporting segment profit, with interest and tax not allocated to business segments. There are no intra-segment sales. During the year, the Group’s Escode business has been classified as a discontinued operation as described in Note 16. As the CODM continues to assess the performance of this operation, its results are included in the segmental information presented below. The central and head office cost centre is not considered to be a separate operating segment nor part of any other operating segment as it does not generate any revenues. Included within central and head office are assets and liabilities not specifically allocated to the reporting segments and include investments, head office tangible and intangible assets, deferred tax assets and liabilities, right-of-use assets and associated lease liabilities, Parent Company cash balances, the RCF and certain provisions. Central and head office assets and liabilities are disclosed to allow a reconciliation back to the Group’s assets and liabilities.
Continuing operations
Discontinued operations
Central and head office £m
Cyber Security £m
Sub-total £m
Escode £m
Group £m
Segmental analysis for the year ended 30 September 2025
Revenue
— 238.9 — (150.5)
238.9
66.5
305.4
(150.5)
(19.0)
(169.5)
Cost of sales
Gross profit
— 88.4
88.4
47.5
135.9
— 37.0% 37.0% 71.4% 44.5%
Gross margin %
(11.2)
(68.4)
(79.6)
(9.6) (0.2) (0.7) (0.3) (5.0)
(89.2)
Administrative expenses* Share-based payments
(2.6) (2.5) (0.6) (2.1) (5.6)
(0.2) (6.6) (1.2) (1.0) (3.9)
(2.8) (9.1) (1.8) (3.1) (9.5)
(3.0) (9.8) (2.1) (8.1)
Depreciation
Amortisation of software and development costs
Amortisation of acquired intangibles Individually Significant Items (Note 4)
— (9.5)
(24.6)
(81.3)
(105.9)
(15.8)
(121.7)
Total administrative expenses
11.4
— 11.4
— 11.4
Profit on disposal of Fox Crypto
Operating (loss)/profit
(13.2)
7.1
(6.1)
31.7
25.6
(5.0)
Finance costs
Profit before taxation
20.6
(3.5)
Taxation
Profit for the year attributable to owners of the Company
17.1
* In accordance with IFRS 5, £6.8m of head office overheads incurred by the discontinued Escode division during the year have been reallocated to central and head office within continuing operations. This is due to the fact that if an operation is disposed of, the relevant central overheads may not decrease in the short term.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 123
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