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13 October 2026 Bytes Technology Group Plc Results for the six months ended 31 August 2026 Double - digit gross profit growth across both sectors , continued strong momentum , upgraded guidance reiterated Bytes Technology Group plc ( LSE : BYIT , JSE : BYI ) , one of the UK and Ireland's leading software , security , Al and cloud solutions specialists , today announces its financial results for the six months ended 31 August 2026 ( HY27 ) . Financial performance HY FY27 ( six months ended 31 August 2026 ) HY FY26 ( six months ended 31 August 2025 ) % change year on year Gross invoiced income ( GII ) ¹ £ 1,605.2m £ 1,342.0m 19.6 Revenue² £ 128.3m £ 108.1m 18.7 Gross profit ( GP ) £ 97.1m £ 82.4m 17.8 Operating profit £ 35.3m £ 33.1m 6.6 Operating profit / GP % 36.4 % 40.2 % Cash £ 68.4m £ 82.3m ( 16.8 ) Cash conversion³ 45.7 % 34.4 % Cash conversion ( rolling 12 months ) ³ 108.8 % 104.7 % Earnings per share ( pence ) 12.76 12.03 6.1 Interim dividend per share ( pence ) 3.3 3.2 3.1 Financial highlights - GII increased 19.6 % , with 18.8 % growth in software , services up 41.0 % , and hardware up 39.7 % . Revenue increased correspondingly by 18.7 % with similar double - digit growth across all income streams . GP increased 17.8 % , as positive impact from changes made to our sales structure took effect . Public sector GP up 23.1 % , with GP / GII margin held at 3.5 % . Private sector GP up 14.6 % , following the refinement of the sales structure to increase customer centricity , which launched at the start of FY26 , with GP / GII margin of 12.2 % . Operating profit was 6.6 % higher , after absorbing around half of the c . £ 4.5m of cost normalisation set out at our FY26 results , which reflects previously flagged costs , including bonuses and share - based payments , returning to more normalised levels . Strong balance sheet with closing cash of £ 68m and cash conversion of 45.7 % , reflecting the normal weighting of our cash generation to H2 , with £ 41m returned to shareholders in the half year including completion of the £ 25m share buyback . Interim ordinary dividend of 3.3p , 3.1 % higher than HY26 . 1 GII is a non - International Financial Reporting Standards ( IFRS ) alternative performance measure that reflects gross income billed to customers adjusted for deferred and accrued revenue items . GII has a direct influence on our movements in working capital . 2 Revenue is reported in accordance with IFRS 15 Revenue from Contracts with Customers . Under this standard , the Group is required to exercise judgement to determine whether the Group is acting as principal or agent in performing its contractual obligations . Revenue in respect of contracts for which the Group is determined to be acting as an agent is recognised on a ' net ' basis ( the GP achieved on the contract and not the gross income billed to the customer ) . Our key financial metrics of GII , GP , adjusted operating profit and cash conversion are unaffected by this judgement . 3 Cash conversion is a non - IFRS alternative performance measure that divides cash generated from operations less capital expenditure ( together , free cash flow ) by operating profit . Operational highlights Private sector sales structure now embedded across our corporate , mid - market and channel segments , supporting 14.6 % growth in private sector GP .