Manchester-based cyber security and escrow firm, NCC Group, has announced a significant uplift in its pre-tax profits, largely attributed to the successful sale of its Fox Crypto business for \u00a365.6 million. The company is now reportedly considering the sale of its Escode business as it looks to sharpen its focus purely on cyber security, a service for which its chief executive states demand has “never been clearer.”<\/p>\n\n\n\n
For the six months ending 31 March 2025, NCC Group generated pre-tax profits of \u00a316.6 million, a substantial increase from \u00a38.4 million in the first half of 2024. This growth comes as a direct result of the Fox Crypto disposal, which completed in March and, according to the company, has helped to eliminate group borrowings.<\/p>\n\n\n\n
While adjusted EBITDA saw a dip in the period, falling from \u00a325.5 million to \u00a321.1 million, NCC Group stated that this remains in line with its expectations. The Escode business, which provides software escrow and verification services, experienced revenue growth of 1.8 per cent. NCC Group is actively exploring strategic options for this division, including a potential sale, and a company report confirms it is “holding discussions with interested parties.” In contrast, Cyber Security revenue saw a decline of 6.6 per cent on a constant currency basis.<\/p>\n\n\n\n
The board anticipates a marginal decline in overall revenue (excluding non-core disposals) for the full year ending 30 September 2025.<\/p>\n\n\n\n