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NCC

NCC Group

Software & Computer Services

Index
FTSE 250
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

NCC Group is a global cyber-security and resilience company. Following the sale of its Escode software-escrow business, it is now focused entirely on cyber security, assurance, testing, managed services and incident response.

02

Key activities

Cyber-security consulting, penetration testing, managed detection and response, incident response, cloud and application security, resilience, threat intelligence and security assessment for governments and businesses.

03

Key markets

Large corporate and public-sector customers across the UK, North America and Europe, including organisations operating critical infrastructure and highly regulated systems.

04

Key drivers

Cyber-security spending, regulation, managed-service growth, UK organic growth, recurring customer relationships, operating-margin improvement, AI-related security demand and deployment of the post-Escode balance sheet.

05

Key risks

Cyber-security competition, staff recruitment and retention, project delays, customer spending changes, reputational damage from service failures, rapid technology change and execution of the pure-play Cyber strategy.

06

Recent Developments

7 July 2026: after completing the Escode sale for about £253m net proceeds, NCC proposed returning a further £185m through a £170m tender offer at 145p per share and a £15m buyback. The group is now a pure-play cyber-security business.

07

Dividend notes

NCC continues to pay an ordinary dividend alongside large capital returns. The FY2025 final dividend was 3.15p and was paid on 10 April 2026. A 1.50p interim dividend was proposed with the June 2026 results; investors should check the final ex-dividend and payment timetable.

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