Updates

GB Group - Sitting duck for a take-over on PE of 11.9x

February 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Interims for the online ID and address verification and anti-fraud business, GB showed revenues up 4.4% excluding a large one-off reverification deal with Santander, which had boosted FY25. Operating profit was up 4.6% to £29.5m while cash conversion of 85% was in line with the prior year. By division, Identity rose 4.5% driven by EMEA and APAC, with North America slightly down. Location rose a steady 4.8% and Global Fraud Solutions 1.4%. But, rather excitingly, the company should now start moving up through the gears. Sales leadership changes in the US are expected to drive an acceleration while GBG Go, an all-in-one, no-code identity verification and orchestration platform designed to help businesses quickly onboard customers s ...

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