Kainos Group PLC · LSE:KNOS
Kainos — H1 2027 Earnings Presentation
33 slides from Kainos's earnings presentation, Nov 9, 2026
Slide 1: Interim Results
Interim Results 6 months ended 30th September 2026 Brendan Mooney (CEO) Richard McCann (CFO) 9 November 2026
Slide 2: Safe harbour statement
Safe harbour statement This document contains statements about Kainos Group plc that are or may be forward-looking statements. Forward-looking statements include statements relating to (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, finan
Slide 3: Contents
Contents 1. Group Overview 2. Divisional Performance 3. Financial Performance 4. Outlook 5. Q&A For more information visit kainos.com/investor-relations 3
Slide 4: Group Overview
Group Overview kaines’
Slide 5: H1 2027 Highlights
H1 2027 Highlights Very strong growth as momentum Workday carries into FY27; revenue, bookings Products +22% and backlog at record levels H1 FY27: £48m H1 FY26: £39m • 40% AI growth to £29m; 18% of total Digital Services revenue • Use of contractors to support significant growth continues to Revenue
Slide 6: Our Customers
Our Customers Established customer base, diversified by sector and growing internationally New Central Health Customers Europe Sector 18% Private 8% 22% North Sector America 42% UK & 30% Ireland Public Existing 62% Sector Customers 36% 82% Deep customer relationships Balanced sector coverage Expandi
Slide 7: Divisional Performance
Divisional Performance kaines’
Slide 8: Digital Services
Digital Services Very strong growth driven by strong execution; post-period Revenue(1) Bookings Backlog contract awards underpin FY28 +57% +44% +31% visibility H1 FY27: £163m H1 FY27: £297m H1 FY27: £600m H1 FY26: £104m H1 FY26: £205m H1 FY26: £457m Broad-based revenue growth in sectors and regions
Slide 9: Digital Services bookings and backlog
Digital Services Customer FY26: Signed Project Months TCV DVSA Driver Services Platform 48 £73m Bookings and backlog: NHS NHS BSA Digital Prevention Services DDaT Capability and Outcomes 36 36 £45m £35m moving to industry-standard Home Office DfT Border Platforms BODS (Bus Open Data Service) 36 36 £
Slide 10: Turning Government Data into National Infrastructure
Turning Government Data into National Infrastructure Kainos designed and built DVA:digital - Home Office’s secure platform that makes authoritative British passport data available to approved services across government, from digital identity and driving licences to NHS Login 140+ areas 30 million 1.
Slide 11: UK Government's Sovereign AI Transformation Partner
UK Government’s Sovereign AI Transformation Partner A decade of building, delivering and leading 2016 AI Practice established Market Opportunity Internal Opportunity The UK Government’s ambition is clear: AI tooling has been deployed across the 2018 DVSA Fraud Detection modernising legacy systems an
Slide 12: Workday Services
Workday Services Continued growth driven by increased fixed-fee Revenue(1) Bookings Backlog engagements and complex +9% +1% +18% deployments H1 FY27: £58m H1 FY27: £54m H1 FY27: £73m H1 FY26: £53m H1 FY26: £54m H1 FY26: £62m Multi-region performance driving growth Americas +10%, EMEA(3) +8%, despite
Slide 13: Global Financial Management Transformation & Optimisation
Global Financial Management Transformation & Optimisation GK Software, a global retail technology provider, with customers that include Aldi, Lidl and Adidas, provides software that powers checkouts, payments and store operations 450+ 70+ 685,000 global customers countries served payment installatio
Slide 14: Workday Products
Workday Products £100m ARR milestone ARR(1) Revenue(1) Backlog imminent; new products +24% +22% +12% due for selective H1 FY27: £96m H1 FY27: £48m H1 FY27: £180m Q4 release H1 FY26: £78m H1 FY26: £39m H1 FY26: £160m £100m ARR target set to be achieved in December Revenue trend H1|H2 CAGR(2) Target f
Slide 15: Smart Test cuts testing from weeks to days
Smart Test cuts testing from weeks to days Testing effort slashed Tester numbers from weeks to days, reduced from 160 to 20, accelerating complex releasing capacity for Workday change other priorities 79% reduction in the A shift in focus for Workday backlog, Workday leaders accelerating from admini
Slide 16: Financial Performance
Financial Performance kaines’
Slide 17: Group Income Statement
Group Income Statement Income Statement Gross profit/Gross margin £m H1 27 H1 26 Change • Gross profit increased £21.6m • Gross margin % decreased 4.9% Revenue 268.8 196.1 37% Gross profit 115.8 94.2 23% Central overheads/net finance income Gross Margin % 43.1% 48.0% (4.9)% • Central overheads (inc.
Slide 18: Adjusted PBT Margin walk
Adjusted PBT Margin walk 17% 16.3% 1.2% 16% 15.5% -0.8% 3.8% 15% -1.7% 14% 13% 12% -2.4% -0.3% -0.6% 11% 18
Slide 19: Digital Services
Digital Services Revenue £m H1 27 H1 26 Change • Public sector revenue up 55% to £76.0m • Healthcare revenue up 85% to £54.7m Revenue • Defence sector revenue up 44% to £15.3m Services 130.0 87.3 49% • Americas revenue up 50% (13% organic) to £11.7m Partner 29.1 12.0 143% • Commercial sector revenue
Slide 20: Workday Services
Workday Services £m H1 27 H1 26 Change Revenue • Revenue growth 9% (ccy 9%) Revenue • Americas revenue increased 10% to £31.8m Services 56.2 51.1 10% • EMEA (including Australia) increased 8% to £26.5m Third party & other 2.2 2.2 -% Gross margin Total revenue 58.3 53.4 9% • Slight reduction of 1.3%
Slide 21: Workday Products
Workday Products £m H1 27 H1 26 Change Revenue • Very strong revenue growth of 22% (22% ccy) Revenue Subscriptions 46.4 38.1 22% Annual Recurring Revenue Services 1.6 1.2 33% • Increased 24% to £96.0m (23% ccy) Total revenue 48.0 39.2 22% Gross margin Gross profit 35.7 30.5 17% • Decreased by 3.4% G
Slide 22: Balance Sheet
Balance Sheet (£m) 30 Sep 26 31 Mar 26 • Fixed assets and investments includes £7.1m HQ property spend in period Fixed assets and investments 30.8 23.5 • Trade receivables/WIP increased 10% Goodwill and Intangible assets 51.9 53.1 • Increase in line with revenue (Q2 FY27 vs Q4 FY26) Trade receivable
Slide 23: Cashflow
Cashflow £m H1 27 H1 26 • Cash conversion(1) 62% (H1 26: 48%) EBITDA(2) 43.1 32.1 • Share buyback costs £12.5m during the Cash generated by operating activities 26.7 15.2 period (H1 26: £28.2m) Cash Conversion 62% 48% • HQ property spend £7.1m. Estimated future Taxation (7.6) (5.7) spend: H2 27 £19.
Slide 24: Outlook
Outlook
Slide 25: Outlook
Outlook Strong near-term momentum, clear medium-term opportunity Foundations: H1 27 Performance Near-term: FY27 Priorities Medium-term: Opportunity BOOKINGS: +27% REVENUE: +37% Workday Products: moving beyond £100m Powerful structural drivers remain in all three ARR milestone to focus on £200m ARR t
Slide 26: Appendix
Appendix: 1. Booking & Backlog Reconciliation 2. Definition of terms
Slide 27: Digital Services bookings and backlog reconciliation
Digital Services Bookings New methodology H1 2027 FY 2026 H1 2026 Previous methodology H1 2027 FY 2026 H1 2026 (£000s) (£000s) (£000s) (£000s) (£000s) (£000s) Reconciliation between Digital Services 296,489 351,009 205,301 198,802 261,314 116,197 Workday Services 54,291 121,754 53,963 54,291 121,754
Slide 28: Business Overview
Business Overview We have established positions in long-term, growing markets MARKET CAGR MARKET CAGR MARKET CAGR £1.9b 27% £1.7b 11% £3.8b 5% £32m £45m £57m £71m £82m £71m £106m £112m £99m £108m £200m £224m £213m £197m £242m FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26
Slide 29: Expertise at a Global Scale
Expertise at a Global Scale 29
Slide 30: Our People
We are building an exceptionally Our People talented and engaged workforce Volunteering together Celebrating families Supporting young people 3,885 People 16 Global Locations Engagement 91% Contractors (1 ) All Staff (2 ) Employee retention FY22 12% 2,692 +33%(3 ) FY23 FY24 1% 7% 2,990 2,995 +11% +0
Slide 31: Our Responsibilities
Our Responsibilities Building future skills, widening opportunity and supporting inclusive employment Inspiring the next generation of technologists Supporting our Armed Forces community New pathways into technology careers Inspiring future talent An inclusive employer Scaling our impact 292 young p
Slide 32: Definition of terms
Definition of terms Active customer: a customer who has signed a contract with us within the last three Constant currency (ccy): excludes the effect of foreign currency exchange rate months or has generated revenue in the last six months. fluctuations on period-on-period performance by translating t
Slide 33: Slide 33