Chair’s statement
Unlocking our potential
When I reflect on the past year at NCC Group, I am reminded that progress is rarely linear. It is shaped by the challenges we face, the decisions we make, and – most importantly – the people who come together to move us forward. This year has been a testament to the resilience, adaptability and shared purpose that defines our Group. And I want to begin by expressing my heartfelt thanks to every colleague, client and shareholder, as well as our partners, who continue to be a part of our journey.
As a result of this decision, we announced in July 2025 that we had started to explore options for our Cyber business should the Escode sale proceed. This was about looking ahead and anticipating what our people, our clients and shareholders will need in years to come, and we believe it is right that we keep all options open. Deepening relationships and building trust In May we hosted a unique experience for shareholders, analysts and partners, demonstrating our ongoing commitment to transparency and engagement. Guests were invited to step into our world and experience first-hand decisions that management teams must make in response to cyber threats. It was a powerful reminder of the trust our clients place in us, and of course the expertise and dedication that runs through every part of our business. These moments of connection, where we open our doors and share our story, are vital. They build understanding, foster trust and remind us all of the critical role NCC Group plays in keeping our digital world safer and more secure. I’m proud that we’ve continued to strengthen our relationships with clients, focusing on strategic partnerships that go beyond transactions, which you’ll see from Mike’s review on pages 6 and 7. Our teams work tirelessly to understand the evolving needs of our clients, offering not just technical solutions but genuine partnership and support. In a world where digital risks are ever-present, our role as a trusted advisor has never been more important. Our people: the heart of NCC Group If there is one thing that stands out year after year, it is the extraordinary commitment and talent of our people. The pace of change has been relentless, and yet our colleagues have responded with professionalism and creativity, focused on our client’s needs. Whether adapting to new ways of working, supporting clients through complex challenges, or driving innovation from within, our teams have shown what is possible when we pull together. Our investment in people is matched by our commitment to sustainability and responsible business. As we nurture talent and foster a positive culture, we also strive to make a meaningful impact on the environment and society. Our Manila operations have gone from strength to strength, bringing new perspectives and capabilities to our global front and back-office teams. I am proud of the progress we have made, but even more excited about what lies ahead.
Chris Stone Non-Executive Chair
Navigating change with purpose We continue to make bold decisions as we navigate the changing landscape all businesses are operating in. I’m proud of the way the management team and the wider Group embrace these as opportunities to continue to grow and strengthen the overall business. In March 2025, we completed the sale of the Fox-IT Crypto business for a gross consideration of £65.6m, a milestone that not only reflects our commitment to simplifying the Group’s proposition, deriving great value to our shareholders and reducing net debt, but also our willingness to evolve in a rapidly shifting digital landscape. And this commitment continued as we announced in April 2025 that we were exploring a range of strategic options for our Escode business, including a potential sale (Escode review). The decision is one that was not taken lightly by the Board. The Board will provide updates as and when it is practicable and appropriate to do so. If a sale of Escode were to be successfully concluded, the Group would become a focused, people-powered, tech-enabled global Cyber Security business. It would also enable the Board to consider a significant return of capital to shareholders over and above the recently announced initial share buy-back programme.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 4
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