Financial review continued
Divisional performance continued Escode (discontinued operations) During the year, the Escode division accounted for 21.8% of Group revenue (16 month period ended 30 September 2024: 20.3%) and 35.0% of Group gross profit (16 month period ended 30 September 2024: 34.0%). Escode revenue analysis – by originating region:
Constant currency 1 16 month
16 month period ended 30 September 2024 £m
Year ended 30 September 2025 £m
Year ended 30 September 2025 £m
period ended 30 September 2024 £m
% change at constant currency (19.5%) (25.7%) (20.8%)
% change at actual rates
29.4 32.9
29.4 32.9
UK
36.5 45.5
(19.5%) (27.7%) (22.2%)
36.5 44.3
North America
4.2
4.2
Europe
5.4
5.3
Total Escode revenue
66.5
66.5
87.4
(23.9%)
86.1
(22.8%)
Escode revenue, analysed year on year by originating region, is as follows:
Constant currency 1 Year ended 30 September 2024 £m
Year ended 30 September 2025 £m
Year ended 30 September 2025 £m
Year ended 30 September 2024 £m
% change at constant currency 1
% change at actual rates
29.4 32.9
29.4 32.9
UK
28.0 33.9
5.0%
28.0 33.1
5.0%
North America
(2.9%)
(0.6%)
4.2
4.2
Europe
4.1
2.4%
4.0
5.0%
Total Escode revenue
66.5
66.5
66.0
0.8%
65.1
2.2%
Escode revenue has increased by 2.2% at constant currency (0.8% at actual rates), which has predominantly been driven by favourable price increases and volume during the year within verification services Escode has seen consistent growth for the same reasons when comparing each half of the year, as reflected in the tables below. The following analysis compares the two halves of the year against their respective prior period comparatives, showing Escode revenue by originating region:
Constant currency 1 6 month period ended 31 March 2024 £m
6 month period ended 31 March 2025 £m
6 month period ended 31 March 2025 £m
6 month period ended 31 March 2024 £m
% change at constant currency 1
% change at actual rates
14.9 16.4
14.9 16.4
UK
14.0 16.8
6.4%
14.0 16.7
6.4%
North America
(2.4%) (4.8%)
(1.8%)
2.0
2.0
Europe
2.1
2.0
—
Total Escode revenue
33.3
33.3
32.9
1.2%
32.7
1.8%
Constant currency 1 6 month
6 month period ended 30 September 2025 £m
6 month period ended 30 September 2025 £m
6 month period ended 30 September 2024 £m
period ended 30 September 2024 £m
% change at constant currency 1
% change at actual rates
14.5 16.5
14.5 16.5
UK
14.0 17.1
3.6%
13.9 16.5
4.3%
North America
(3.5%)
—
2.2
2.2
Europe
2.0
10.0%
2.0
10.0%
Total Escode revenue
33.2
33.2
33.1
0.3%
32.4
2.5%
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 50
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