Glossary of terms – other terms continued
Other terms
Definition and usage
IAS or IFRS
An International Accounting Standard or International Financial Reporting Standard, as issued by the International Accounting Standards Board (IASB). IFRS is also used as the term to describe international generally accepted accounting principles as a whole. Items that the Directors consider to be material in nature, scale or frequency of occurrence that need to be excluded when calculating some non-statutory performance measures in order to allow users of the Financial Statements to gain a full understanding of the underlying business performance. See Note 4 for further information.
Individually Significant Items
PricewaterhouseCoopers (PwC)
The Company’s external auditor, PwC LLP.
LTIP
Long Term Incentive Plan established to align the interests of senior and executive management with those of shareholders. The plan is formally known as the NCC Group Long Term Incentive Plan 2013 (approved by shareholders in 2013).
MD
Managing Director.
MDR
Managed Detection and Response.
Net debt 1
Total borrowings offset by cash and cash equivalents.
Ordinary shares
Voting shares entitling the holder to part ownership of a company.
SAYE/Sharesave
Save As You Earn, being a tax efficient scheme to encourage colleague share ownership.
Escode
Escode represents our escrow resilience services.
Subsidiary
A company or other entity that is controlled by NCC Group.
TSC
Technical Security Consulting.
TSR
Total shareholder return, which is share price growth plus dividends reinvested (where applicable) over a specified period of time, divided by the share price at the start of the period.
1 R evenue at constant currency, Adjusted EBITDA and net debt excluding lease liabilities are Alternative Performance Measures (APMs) and not IFRS measures. See Appendix 1 for an explanation of APMs and adjusting items, including a reconciliation to statutory information.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 160
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