Notes to the Financial Statements continued for the year ended 30 September 2025
3 Segmental information continued
Continuing operations
Discontinued operations
Central and head office £m
Cyber Security £m
Sub-total £m
Escode £m
Group £m
Segmental analysis for the period ended 30 September 2024 (restated)
Revenue
— — — —
342.1
342.1
87.4
429.5
Cost of sales
(224.1)
(224.1)
(26.7)
(250.8)
Gross profit
118.0
118.0
60.7
178.7
Gross margin %
34.5% 34.5% 69.5% 41.6%
Administrative expenses* Share-based payments
(13.0)
(97.3)
(110.3)
(14.5)
(124.8)
(2.0) (3.5) (1.8) (4.0)
(0.1) (9.4) (1.5) (1.4)
(2.1)
(0.2) (0.6)
(2.3)
Depreciation
(12.9)
(13.5)
Amortisation of software and development costs
(3.3) (5.4)
—
(3.3)
Amortisation of acquired intangibles Individually Significant Items (Note 4)
(7.1) (0.1)
(12.5) (41.5)
—
(41.4)
(41.4)
Total administrative expenses
(24.3)
(151.1)
(175.4)
(22.5)
(197.9)
Operating (loss)/profit
(24.3)
(33.1)
(57.4)
38.2
(19.2)
Finance costs
(8.3)
Loss before taxation
(27.5)
Taxation
(5.0)
Loss for the period attributable to owners of the Company (32.5) * In accordance with IFRS 5, £9.6m of head office overheads incurred by the discontinued Escode division during the prior period have been reallocated to central and head office within continuing operations, restating the prior period Escode and central and head office administrative expenses. This is due to the fact that if an operation is disposed of, the relevant central overheads may not decrease in the short term. See Note 16 for further details.
Continuing operations
Discontinued operations
Central and head office £m
Cyber Security £m
Total £m
Escode £m
Group £m
Segmental analysis as at 30 September 2025
3.5
7.8
11.3
0.3
11.6
Additions to non-current assets Reportable segment assets Reportable segment liabilities
28.9
116.4 (65.0)
145.3
198.0
343.3
(32.0)
(97.0)
(39.8)
(136.8)
Continuing operations
Discontinued operations
Central and head office £m
Cyber Security £m
Total £m
Escode £m
Group £m
Segmental analysis as at 30 September 2024
Additions to non-current assets Reportable segment assets Reportable segment liabilities
4.0
12.6
16.6
1.6
18.2
37.5
183.8
221.3
198.8
420.1
(113.0)
(77.2)
(190.2)
(24.7)
(214.9)
The net book value of non-current assets is analysed geographically as follows:
30 September 2025 £m
30 September 2024 £m
Continuing operations
57.5
UK
57.5
4.8 1.6
APAC
5.4 2.0 8.6
North America
11.3
Europe
Total non-current assets
75.2
73.5
30 September 2025 £m
30 September 2024 £m
Discontinued operations
24.5
UK
28.4
—
APAC
—
156.4
North America
162.3
7.6
Europe
9.4
Total non-current assets*
188.5
200.1
* Non-current assets associated with the Escode division have been reclassified to current assets given it meets the definition of an asset held for sale as at 30 September 2025. NCC Group plc — Annual report and accounts for the year ended 30 September 2025 124
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