Bytes Technology Group PLC (OTCPK:BYITY)

Full Year 2026 Bytes Technology Group PLC Earnings Call Transcript

May 12, 2026 / 08:00 AM GMT

Release Date Price: $9.15

Transcript

Key Points

Positve

Bytes Technology Group PLC (STU:9NY) reported an 11.5% increase in gross invoice income, driven by software and services sales.
The company maintained a strong financial position with cash conversion remaining above 100%.
There was a 2% increase in ordinary dividends, alongside a completed share buyback program, returning a total of £74 million to shareholders.
The company has a significant growth opportunity in the UK software solutions market, with only a 3% share of an £82 billion addressable market.
Bytes Technology Group PLC (STU:9NY) has a strong partnership with Microsoft, which remains a strategic partner contributing 50% of their gross profit.

Negative

Operating profit decreased by 5.6% compared to the prior year, reflecting lower than planned gross profit growth.
The company faced a reduction in gross profit margin due to changes in Microsoft incentives.
Administrative costs increased by 8.5%, driven by salary costs and investment in IT systems.
The private sector gross profit declined by 0.3%, impacted by the Microsoft incentive changes and sales team segmentation.
The company expects operating profit to be broadly flat in FY27, absorbing approximately £4.5 million of cost normalization.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BYIT.L - Bytes Technology Group PLC
Full Year 2026 Bytes Technology Group PLC Earnings Call
May 12, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Okay, good morning and welcome to Bytes Technology Group, our full year 2026 financial results. I'm Sam Mudd, the CEO, and I'm joined today by Andrew, our CFO. I'm going to begin with a quick introduction to the business for those of you that are new to us.

And then I'll hand over to Andrew, who'll provide the financial review, and then he'll be handing back to me for the full business review.

Bytes Technology Group is one of the largest providers of software solutions in the world, and we operate under two brands, both of which have a rich heritage in their markets. Bytes focuses on the private sector, and Phoenix focuses on the public sector.

We have a huge diversified customer base,

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