Glossary of terms – other terms
Other terms
Definition and usage
Code
Guidance, issued by the Financial Reporting Council in 2016 and updated in 2018, on how companies should be governed, applicable to UK listed companies including NCC Group plc. Any result described as adjusted excludes the impact of Individually Significant Items, and any tax on any of these items. Adjusted earnings are defined as statutory earnings before Individually Significant Items, net of the tax effect of these items.
Adjusted
Adjusted profit for the period
Adjusted operating profit margin 1
Calculated as Adjusted operating profit divided by revenue.
AGM
Annual General Meeting of shareholders of the Company held each year to consider ordinary and special business as provided in the Notice of AGM. An Alternative Performance Measure (which is denoted in each case or use thereof by a footnote) is a non-GAAP performance metric used by management either internally or externally to present management’s view of the underlying business performance. They are not superior to GAAP-based measures and are simply an alternative way of looking at performance. See Appendix 1 for further information over the Group’s APMs.
Alternative Performance Measure (APM)
Board
The Board of Directors of the Company (for more information see pages 62 and 63).
Cash conversion ratio 1
Calculated as cash generated from operating activities before interest and taxation divided by Adjusted EBITDA 1 , expressed as a percentage.
CDO
Cyber Defence Operations.
CEO
Chief Executive Officer.
CFO
Chief Financial Officer.
CISO
Chief Information Security Officer.
Company, Group, NCC, we, our or us
We use these terms, depending on the context, to refer to either NCC Group plc, the individual Company, or to NCC Group plc and its subsidiaries collectively.
CPO
Chief People Officer.
CTO
Chief Technology Officer.
Directors, Executive Directors and Non-Executive Directors
The Directors/Executive Directors and Non-Executive Directors of the Company whose names are set out on pages 62 and 63 of this report.
EBIT
Earnings before interest and tax.
EBIT margin %
EBIT margin % is calculated as follows: Adjusted EBIT divided by revenue.
EBITDA
Earnings before interest, tax, depreciation and amortisation. Calculated as operating profit before Individually Significant Items and adding back depreciation and amortisation charged.
EBITDA margin %
EBITDA divided by revenue.
EPS
Earnings per share. Profit for the period attributable to equity shareholders of the Parent allocated to each ordinary share.
FCA
Financial Conduct Authority.
Financial year
For NCC Group, following the change in year end in the prior period, this is an accounting period ending on 30 September.
FRC
Financial Reporting Council.
Free cash flow
Net cash from operating activities less net capital expenditure and acquisition costs.
FRS
A UK Financial Reporting Standard as issued by the UK Financial Reporting Council (FRC).
FVLCTS
Fair value less costs to sell.
Gross profit
Gross profit is revenue less direct costs of sale. It excludes costs considered to be overheads that are supporting the business as a whole as opposed to a specific revenue item.
Gross margin % (GM %)
Calculated as gross profit divided by revenue from continuing activities.
HMRC
His Majesty’s Revenue & Customs, the tax collecting authority of the UK.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 159
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