Gattaca (LSE:GATC) delivered stronger results for the year ended 31 July 2026, with group net fee income increasing 11% to £43.2 million as rising demand for contract recruitment supported growth across its core specialist markets.
Contract net fee income advanced 16% during FY26, driven by activity across infrastructure, defence, energy, mobility and digital technology. This growth helped offset subdued statement of work activity and a modest decline in like-for-like permanent recruitment fees.
Improved sales productivity and continued cost discipline also contributed to a significant increase in profitability. Gattaca expects to report underlying profit before tax of approximately £6.1 million, almost double the level achieved in the previous financial year and slightly ahead of its guidance.
The group finished FY26 with net cash of £15 million, leaving it with a strong balance sheet as it considers opportunities to invest in further growth. The financial position also provides support for continued shareholder distributions in accordance with Gattaca’s stated dividend policy.
Management intends to make targeted investments in additional sales consultants as it seeks to capture greater market share across its specialist sectors. The company is also continuing to evaluate selective acquisition opportunities that could strengthen its capabilities or increase exposure to attractive niche markets.
Despite continued uncertainty in the wider economy and cautious hiring decisions among some customers, the board expects further progress during the new financial year. Gattaca is forecasting another improvement in profit before tax in FY27.
The company’s wider financial picture remains mixed. Its low-leverage balance sheet and improving operating margins provide support, although negative operating and free cash flow and relatively thin net profitability remain areas of concern.
Technical indicators also suggest some caution, with momentum signals remaining weak despite the shares trading above major moving averages. Valuation is more supportive, with Gattaca trading on a relatively low price-to-earnings ratio while also providing a moderate dividend yield.
More about Gattaca
Gattaca plc is a specialist workforce solutions provider supplying contract and permanent professionals alongside statement of work services.
The group focuses on industries requiring highly skilled technical talent, including infrastructure, defence, energy, mobility and digital technology. Gattaca has also expanded its capabilities through acquisitions such as InfoSec People, strengthening its presence in specialist and niche recruitment markets.
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