LONDON (ShareCast) - (Sharecast News) - Shearwater Group said in an update on Wednesday that it expects full-year revenue and earnings to come in slightly ahead of market expectations, following a strong 15-month trading period driven by major contract wins and renewals in its services division.
The AIM-traded cybersecurity and managed security services group said it anticipated revenue of £41m for the period ended 30 June, marking an annualised year-on-year increase of around 45% from 2024's £22.6m.

Adjusted EBITDA was expected to double on an annualised basis to £2.2m, up from £0.9m last year.

The company said trading in the nine months since its half-year results was underpinned by demand from organisations grappling with a growing cyber threat landscape.

It pointed to an improving outlook and a strong pipeline heading into 2026.

"We are delighted to report a strong period of trading with significant growth delivered in both revenue and adjusted EBITDA," commented chief executive Phil Higgins.

"Organisations across both public and private sectors are facing an ever-increasing cyber-security threat and the costs of failure have never been more apparent than over recent months."

He added that Shearwater's group companies, which span cybersecurity advisory, technical services, and managed solutions, were "highly respected in their fields" and uniquely positioned to meet growing client needs.

The company said it was confident in achieving further revenue and earnings growth in the 2026 financial year.

Full audited results were expected in due course.

At 1224 BST, shares in Shearwater Group were up 29.03% at 60p.

Reporting by Josh White for Sharecast.com.

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