This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

                                                                                                26 February 2026

Croma Security Solutions Group PLC

("CSSG", "Croma", the "Company", or the "Group")

Interim Results

'A Period of planned Investment and Reorganisation for Future Growth whilst

Remaining On-Track to Meet Full-Year Targets'

Croma (AIM:CSSG), the AIM listed innovation and service-focused security solutions provider, is pleased to announce its unaudited interim results for the six months to 31 December 2025 ("H1" or the "Period").

Commenting on the Half-Year trading performance, Croma Chief Executive, Roberto Fiorentino said: "We recorded a 9% uplift in revenues, consolidated our portfolio, reset our advertising strategy and invested in expanding our management team to support our business as we scale-up. A very active period, preparing the business for the integration of further acquisitions and whilst we recorded a planned reduction in profit, we now have a better structured portfolio and a stronger team with which to support the future growth of the business. Entering the second half of this financial year, we completed the acquisition of TLS Security Systems Limited in Taunton and remain on track to meet full year targets."

Financial performance in H1

·    Group revenue of £5.0 million (HY25: £4.6 million) up 9% benefitting from acquisitions made in the prior financial year though held back by planned security centre refurbishments and the strategic consolidation of four branches into two, alongside customer caution in the lead up to the 2025 Autumn Budget. In addition, online sales were temporarily reduced following a Google Ad strategy reset and a complete reindexing of online stock, positioning the platform for significant online sales improvement moving forward.

·     Higher costs, primarily investment as planned into the business and in key management hires to support future expansion led to:

o  EBITDA of £0.436 million (HY25: £0.572 million)

o  Profit before tax of £0.252 million (HY25: £0.456 million)

o  Earnings per share of 1.35p (HY25: 2.25p)

·     Financial position remains robust with no debt and cash at period end of £4.4 million (HY25: £4.2 million) with a further £0.85 million due from the disposal of Vigilant by June 2026

·      Net asset value per share 113p (HY25: 111p)

Operational performance

·     Despite a cautious market environment both the fire and security and locksmith divisions delivered resilient trading performances

·      Education, utilities, healthcare, and leisure remain the Group's principal customer sectors

·     Streamlined the portfolio through the merger of two security centres in Peterborough and two in Southampton, with the merged locations refurbished, alongside the refurbishment of a further store in Portsmouth.

·   Good progress on expanding the pipeline of acquisition targets with the expectation of completing further transactions in H2 2026

·      Reset Google advertising strategy creating a better longer-term balance between Google ad spend and online sales generation and profitability

·      Significant investment in people across Operations, HR, Engineering and Head Office

·      Welcomed John Wakefield as Non-Executive Chair and Andy Wonnacott as Non-Executive Director

Trading in H2

·   Positive trading performance since the half-year with a strong new business pipeline to support the Board's confidence in the outlook for the full year

·    On 2 January 2026, completed the acquisition of TLS Security Systems for £0.47 million, and its freehold retail premises for £0.20 million

o  An established locksmith business based in Taunton, Somerset taking Croma's security centre network to 17 locations

o  Annual revenues of £0.94 million and EBITDA of £0.11 million for 12 months to 31 March 2025

o  Excellent market position in the healthcare sector with clear opportunities to cross-sell additional Group services 

·      The Board intends to declare a single final progressive dividend with the FY26 results

Video Q&A with CEO Roberto Fiorentino

For further information visit www.cssgplc.com or contact:

Croma Security Solutions Group Plc                                               Tel: +44 (0)1489 566 166

Roberto Fiorentino, CEO

Teo Andreeva, CFO

Zeus                                                                                                     Tel: +44 (0)203 829 5000

(Nominated Adviser and Broker)

Mike Coe

James Bavister

Novella                                                                                                 Tel: +44 (0)203 151 7008

Tim Robertson

Aeliya Bilgrami

Notes to editors:

Croma Security Solutions is an expanding technology led security solutions provider with over 50 years of specialist experience, delivering high-quality security solutions across locksmith, fire and security services for both domestic and commercial environments. The Group's UK network currently stands at 17 security centres, stretching from its headquarters in Southampton, across the Midlands and up to the Northwest. Croma services a range of sectors including health, education, leisure and entertainment, and utilities, and is trusted by national brands, including multiple NHS Trusts with their demanding and complex security needs.

Croma's growth strategy is focused on establishing a national security network. In 2023, it sold its man-guarding business Vigilant for £6.5m, which has provided the capital to fund the expansion of the business. Croma is a proven acquirer of local, traditional locksmith businesses, which are developed into its network of modern security centres, offering both total security solutions and locksmith services to retail and commercial customers. The new security centres benefit from extended product ranges, centralised group services, and both a local and national customer base. Since the Vigilant sale in 2023, Croma has added new businesses to its network, and has a strong pipeline of further locksmith stores to be acquired into the network.

Croma is listed on the AIM market of the London Stock Exchange. Founded in 1970, it is headquartered in Southampton and has over 90 employees.

CEO Statement

Interim Results for the Six Months Ended 31 December 2025

Croma is a growth business, and we signalled in the early part of 2025 that the Company needed to invest in key personnel and reorganise aspects of the Company to ensure we have the necessary breadth of skills and structure to facilitate the execution and integration of our acquisition pipeline. During this six-month trading period we successfully reorganised key parts of the business and welcomed a number of senior hires, establishing an improved base from which to grow the Company.

These actions were absorbed into our trading performance holding back topline sales growth to 9% and reducing profitability in the short term. However, the actions to consolidate and refurbish the portfolio, and the resetting of the Google Ad strategy are already increasing current profitability and are expected to do so for the long-term.

Financially, the Company is in a strong position with no debt and cash of £4.4 million; a position that will be further enhanced by £0.85 million due by June 2026, relating to the final two payments owed from the sale of the manned guarding business, Vigilant.

The second half of the current financial year started strongly with the acquisition of TLS, a well-established locksmith in Somerset with a strong presence in the healthcare sector. This acquisition, together with the post Budget improvement in customer sentiment adding good visibility to expected incoming orders, means the Board is confident of meeting market expectations for the full year.

Financial Performance
For the six months ended 31 December 2025, the Group delivered revenue of £5.0 million, representing a 9% increase compared with £4.6 million in the same period last year. This growth includes contributions from the acquisitions completed in Peterborough and Leeds.

As expected, profitability was lower during the period, primarily reflecting the planned increased investment in our people and the wider business. EBITDA for the period was £0.436 million (HY25: £0.572 million), while profit before tax was £0.252 million (HY25: £0.456 million). Earnings per share for the period were 1.35p (HY25: 2.25p).

The balance sheet remains strong, with no debt and cash of £4.4 million at the period end with a further £0.85 million due to be received by June 2026 in respect of Vigilant.

Dividend

In line with last year, the Company is not proposing an interim dividend but intends to declare a single final progressive dividend with the FY26 results.

Operational Progress

We are building a larger business with the objective of developing Croma into a national security brand providing a leading range of security products and services. This strategy is being delivered through an acquisition-led expansion of the Group's security centre network, focused on acquiring modestly valued, independent locksmith businesses.

Following acquisition, these businesses will be converted into full-service security centres with a broader product and service offering, while benefiting from Croma's inherent advantages in software, centralised purchasing and the elimination of duplicated costs. The Group currently operates 17 security centres and is targeting the addition of between three and five new centres in each financial year.

The acquisition pipeline continues to be successfully progressed and the focus in H1 was on investing in and reorganising parts of the business to better support the next phase of growth. As previously indicated, this investment was expected to reduce profit in the short term and will materially enhance the Group's operational capability in the longer term. A key priority was the expansion of the management team to ensure the business can operate efficiently while simultaneously progressing and executing the acquisition pipeline. As a result, the Group invested in additional resources across Operations, HR, Engineering and Head Office functions.

During the period, we also reset our Google Ads strategy and online sales platform. As the network has expanded through acquisitions, the Group's digital advertising approach had become fragmented and online sales returns were suboptimal. In response, we restructured our relationship with Google Ads, re-indexed the full online product range and relaunched the Group's online store on a new platform. While this reset led to a temporary reduction in online sales, performance is now rebuilding and, importantly, doing so at an improved profit margin.

An increasingly important growth area for the Group is the sale and installation of security and fire doors. Demand has grown across motor-operated hinged doors, sliding doors, roller shutters and fire curtains. These premium products generate attractive margins, with orders received particularly from the leisure and healthcare sectors. There is good visibility on further orders during the current financial year.

In this area, we expect the Terrorism (Protection of Premises) Act 2025 (Martyn's Law / Protect Duty) may become an additional driver of growth. This legislation requires publicly accessible premises - such as hospitals, schools, theatres, and shopping centres - to implement proportionate security measures without compromising fire safety. Croma is well positioned because we understand both electronic security systems and compliant mechanical door hardware. Many competitors cannot integrate both and the Group is already engaging with clients through CPD-accredited events and requests for guidance. 

In January 2026, we completed the acquisition of TLS for £0.47 million, a well-established locksmith business based in Taunton, Somerset, and its freehold retail premises for a further £0.20 million. TLS generated revenues of £0.94 million and EBITDA of £0.11 million for the 12 months to 31 March 2025. Founded in 1991 as locksmith and safe engineers, TLS has since expanded into electronic access control, CCTV, door automation and UPVC door repairs. The business is integrating well into the Group and is well positioned to contribute meaningfully, supported by its strong orderbook.

We continued to optimise our network of security centres to drive efficiencies and synergies. Following the acquisition of Ben Lock & Safe in Peterborough, operations were successfully consolidated with Croma's existing Peterborough branch into a single security centre. With no competing locations in the town, the consolidated site is well placed to retain the full customer base of both businesses. In Southampton, the Portswood security centre was merged with our nearby Shirley centre, a natural consolidation given their close proximity. This decision was accelerated by the landlord of Portswood, unexpectedly terminating the lease after 25 years.

Our experience at Portswood reinforces the strategic value of operating from freehold properties. Freehold ownership provides long-term control over established locations, flexibility to upgrade sites into modern Croma security centres, cost stability and enhanced financial predictability. In addition, it offers optionality to raise capital by leveraging the Group's freehold portfolio if required. Southsea (Portsmouth), one of the Group's highest-turnover stores, is a freehold property and underwent a significant refurbishment in October 26. While the refurbishment resulted in a short-term loss of sales during closure, these are expected to be more than recouped through increased trading levels going forward.

Outlook

We have good visibility over a very healthy pipeline of acquisitions which we expect will make excellent contributions to expanding the Group driving both future sales and profitability. The work we have completed in the first half of this year was essential to positioning the Company correctly for the future and we are confident of our ability to meet the targets for the current financial year.