Gattaca plc (LSE:GATC) delivered a stronger-than-expected first half in FY2026, with total net fee income (NFI) projected to rise to £21.2 million from £18.9 million a year earlier. On a like-for-like basis, NFI increased 7%, reflecting solid demand for contract talent across its core markets.
Contract NFI advanced 13% year on year on a comparable basis, while permanent placement income held steady. Statement-of-work revenue declined, primarily due to delays in client programmes. During the period, the group reduced its sales headcount by 6% as part of efficiency measures, while continuing to focus investment on priority growth areas.
Gattaca is forecasting adjusted profit before tax of £4.5 million for the full year and plans to expand its sales workforce by around 10% over the remainder of FY2026, signalling confidence in sustainable growth. Net cash stood at £13.0 million, down from prior levels following working capital outflows, the acquisition of InfoSec People Limited and dividend distributions.
Management highlighted the successful integration of InfoSec, which has strengthened the group’s cyber recruitment offering and supported contract-driven growth. The company intends to reinstate interim dividends, underlining its positive outlook and commitment to shareholder returns.
From an investment perspective, supportive technical signals and favourable corporate developments underpin the near-term view. Although financial performance remains mixed in certain areas, a reasonable valuation and an attractive dividend yield add to the stock’s appeal.
More about Gattaca
Gattaca is a UK-based provider of specialist staffing solutions, offering contract, permanent and statement-of-work recruitment services. The group focuses on high-growth sectors, particularly technology and cyber security, and has reinforced its position in cyber recruitment through the acquisition and integration of InfoSec People Limited.
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