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Computacenter plc

Pre-Close Trading Update - 22 January 2026

FY 2025 Results ahead of expectations

Computacenter plc ("Computacenter" or the "Group"), a leading independent technology and services provider, today publishes a trading update, based on preliminary unaudited financial information, for the year ended 31 December 2025 ("the year").

Strong H2 delivers FY 2025 results ahead of expectations

Computacenter delivered a strong second half, with performance during the fourth quarter and therefore the year as a whole, ahead of our expectations. Revenue for FY 2025, on a gross invoiced income basis, increased by 32% in constant currency and by 31% on a reported basis. In constant currency, Technology Sourcing gross invoiced income was 38% ahead and Services revenue increased by 3%. In Services for FY 2025, Professional Services delivered strong revenue growth which was partly offset by a modest decline in Managed Services revenue.

We are particularly pleased with our execution in North America, achieving consistently strong growth throughout the year with both enterprise and hyperscale customers. The UK delivered an improved performance during the year and Germany enjoyed a stronger second half, following a softer first half, as public sector activity recovered towards the end of the year, leading to a similar full year result to the prior year in constant currency. As previously highlighted, market conditions in France have been challenging and our performance since the beginning of the second quarter has been disappointing.

For the full year in 2025, also taking into account our ongoing Group-wide strategic investments and lower interest income receipts following the share buyback, we now expect adjusted¹ profit before tax for 2025 to be no less than £270m, comfortably ahead of market expectations².

Financial Position

The Group's adjusted net funds³, excluding IFRS 16 lease liabilities, finished the year extremely strong at around £600m benefiting from strong collections and some material early customer payments. December is the peak month in our annual cash cycle with net outflows expected to occur through to the end of March 2026.

Acquisition of AgreeYa

In early January, we were pleased to announce the acquisition of AgreeYa Solutions Inc., a professional services business focused on the US enterprise market and the assets of the associated business, AgreeYa India, for an enterprise value of up to $120m (USD) funded from existing cash resources. AgreeYa is expected to report consolidated revenue (all professional services) in 2025 of approximately $120m with Adjusted EBITDA of approximately $14m. We continue to pursue targeted acquisition opportunities. 

Group Outlook

Order intake during the second half has remained strong, especially in North America, and we exited 2025 in a strong position with a committed product order backlog across all geographies at the end of December which is significantly ahead of both our position in December 2024 and at the end of June 2025.

Looking to 2026 as a whole, while we remain mindful of the uncertain macroeconomic and political environment, as well as the hardware component shortages currently affecting the IT industry, we are confident in our ability to navigate these challenges, and therefore we expect to make further strategic and financial progress on an organic basis.

We will publish our final results for the year ended 31 December 2025 on Thursday 12 March 2026.

Footnotes:

¹ Adjusted profit before tax is stated before exceptional and other adjusting items, including gains or losses on business acquisitions and disposals and amortisation of acquired intangibles as Management does not consider these items when reviewing the underlying performance of the Segment or the Group as a whole.

² Company compiled analyst consensus for FY 2025 adjusted profit before tax is £253.6m with a range of £243.4m to £259.0m.

³ Adjusted net funds or adjusted net debt includes cash and cash equivalents, other short- or long-term borrowings and current asset investments. Following the adoption of IFRS 16, this measure excludes all lease liabilities.

Enquiries:

About Computacenter:

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations. We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 21,000 people worldwide.

More information can be found at www.computacenter.com

DISCLAIMER - FORWARD LOOKING STATEMENTS

This trading update includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including without limitation the terms 'anticipates', 'believes', 'estimates', 'expects', 'intends', 'may', 'plans', 'projects', 'should' or 'will', or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this trading update and include, but are not limited to, statements regarding the Group's intentions, beliefs or current expectations concerning, amongst other things, results of operations, prospects, growth, strategies and expectations of its respective businesses.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Group's operations and the development of the markets and the industry in which they operate or are likely to operate and their respective operations may differ materially from those described in, or suggested by, the forward-looking statements contained in this trading update. In addition, even if the results of operations and the development of the markets and the industry in which the Group operates either as set out in Computacenter plc's finally published 2024 Annual Report and Accounts or generally are consistent with the forward-looking statements contained in this trading update, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, those risks subsequently set out in the risk factor section of the Computacenter plc 2024 Annual Report and Accounts, as well as general economic and business conditions, industry trends, competition, changes in regulation, currency fluctuations or advancements in research and development.

Forward-looking statements speak only as of the date of this trading update and may, and often do, differ materially from actual results. Any forward-looking statements in this trading update reflect the Group's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's operations, results of operations and growth strategy.

Neither Computacenter plc nor any of its subsidiaries undertakes any obligation to update the forward-looking statements to reflect actual results or any change in events, conditions or assumptions or other factors save where and to the extent otherwise required by applicable law or regulation.