Knights Group Holdings plc (LSE:KGH) reported a strong trading performance for the year ended 30 April 2026, with revenue expected to increase 28% to approximately £207 million. Organic growth accelerated in the second half of the year, reaching double-digit levels after a more subdued first-half performance.
Underlying EBITDA is projected to rise 19% to around £51 million, while underlying profit before tax is expected to increase 18% to roughly £33 million. The company said disciplined working capital management and stable debtor days supported cash generation throughout the period.
Acquisition strategy continues to expand regional presence
Knights maintained a solid balance sheet during the year, with net debt remaining broadly unchanged at approximately £65.4 million despite around £17 million of cash spending on acquisitions.
The group continued executing its buy-and-build strategy through the acquisitions of Birkett Long, Rix & Kay and Le Gros Solicitors, strengthening its presence across the South East of England and Wales.
Management also highlighted low employee turnover and a healthy acquisition pipeline, including ongoing discussions involving Moore Barlow LLP, as evidence of continued confidence in the company’s expansion strategy and operating model.
Outlook and market considerations
Knights Group’s outlook is supported by solid financial performance, continued revenue growth and healthy operating cash generation. Technical indicators also remain favourable, with the shares trading above major moving averages and reflecting strong market momentum.
However, valuation remains a potential concern, with the company trading on a comparatively high price-to-earnings ratio. Technical indicators suggesting overbought conditions may also increase the risk of near-term volatility.
More about Knights Group
Knights Group Holdings plc is a UK legal and professional services firm and ranks among the country’s 50 largest law firms by revenue. Unlike the traditional partnership structure used by many law firms, Knights operates as a corporate business model.
The company focuses primarily on regional UK markets outside London and provides services across corporate law, commercial advisory and private wealth management through a network of 29 offices nationwide.
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