Kainos Group Plc · LSE:KNOS
Kainos — FY2026 Earnings Presentation
34 slides from Kainos's earnings presentation, May 18, 2026
Slide 1: Full Year Results
Full Year Results 12 months ended 31st March 2026 Brendan Mooney (CEO) Richard McCann (CFO) 18 May 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. Our Business 2. Divisional Performance 3. Financial Performance 4. Outlook 5. Q&A For more information visit kainos.com/investor-relations 3
Slide 4: Our Business
Our Business kaines’
Slide 5: 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% £3.2b 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 6: Expertise at a Global Scale
Expertise at a Global Scale NHS en Te § . JOHN HARGREAVES KION | Home Office KIO|NE| stripe | fe] Us LANSDOWN GROUP ® : The — Mt * Misty ING 4) renagrs, | Bookingcom | comcast | © Spotify erence boa Bupa Tr as @ Penn DJE WHOLE & Trimble Security . HOLDINGS MARKET Agency LEONARDO HR Btsbunals f // Na
Slide 7: FY26 Highlights
FY26 Highlights Strong growth with record revenue, Workday bookings and contracted backlog, Products +15% maintaining momentum into FY27 FY26: £82m FY25: £71m • Short-term use of contractors and supply partners to support growth has moderated margins Revenue(1) Digital • Strong ARR growth keeps us o
Slide 8: Our Customers
Our Customers Established customer base, diversified by sector and growing internationally Central New Health Europe Customers Sector 9% 14% 18% Private North Sector America UK & 47% Existing 32% Ireland Customers Public 59% 86% Sector 35% High customer satisfaction Balanced sector coverage Strong g
Slide 9: Our People
Our People We are building an exceptionally talented and engaged workforce Building AI capability to better serve Developing early careers talent to support Community impact, driven by our our customers our future growth people People 17 Global Locations Engagement 3,475 90% Employee Retention 77% C
Slide 10: Our Responsibilities
Our Responsibilities Being responsible towards our people, customers, communities and planet Product colleagues taking action to protect Davis Pier colleagues helping to prepare home- Inspiring the next generation of technology green spaces and biodiversity cooked meals for families with seriously i
Slide 11: Divisional Performance
Divisional Performance kaines’
Slide 12: Workday Products
Workday Products Strong ARR growth driven by full product portfolio; Workday ARR (1) Revenue (1)(2) Backlog ‘Clear Skies’ partner programme +23% +15% +20% increases opportunity scope FY26: £89m FY25: £73m FY26: £82m FY25: £71m FY26: £179m FY25: £149m ARR growth underpins £100m target Revenue trend H
Slide 13: Clear Skies
Clear Skies Clear Sky / White Space Partner Build Pure Partner Innovation AI Agents AI Apps • Workday identifies opportunities to Products enhance its platform • Ideas that Workday chooses not to Selective / Targeted pursue are made available to Roadmap Backlog/MVP+ selected partners like Kainos No-
Slide 14: Skyscanner takes off with Kainos Smart Suite
Skyscanner takes off with Kainos Smart Suite “Before Smart Test, manual testing of Workday updates took six weeks. Now it takes six hours, with greater accuracy, broader coverage, and zero disruption” Matt Fleming | Finance Systems Manager at Skyscanner Improved compliance and risk Supports continue
Slide 15: Workday Services
Workday Services Return to growth driven by Revenue(1)(2) Bookings Backlog record bookings; H2-weighted bookings +9% +44% +26% underpin FY27 FY26: £108m FY26: £122m FY26: £75m FY25: £99m FY25: £85m FY25: £59m Focus on complex deployments delivers high- Revenue trend H1 / H2 CAGR(2) quality bookings
Slide 16: Global Payroll Transformation & Optimisation
Global Payroll Transformation & Optimisation “We needed an implementation partner with a strong regional footprint who could truly understand what EMEA meant for our global footprint,” Global Payroll Director| Trimble Trimble, a global tech firm with 12,000+ employees in 40+ countries, faced payroll
Slide 17: Digital Services
Digital Services Strong sales execution Revenue(1) Backlog Bookings drives record revenue, +23% +29% +13% bookings, backlog; record FY26: £242m FY26: £261m FY26: £180m backlog underpins FY27 FY25: £197m FY25: £202m FY25: £160m Revenue trend H1|H2 CAGR(2) Revenue +23%, with H2 accelerating +33% on H1
Slide 18: Digital Services
Digital Services Bookings and backlog: Significant multi-year wins in FY26 considering move to industry- Customer Project Months TCV DVSA Driver Services Platform 48 £73m standard measures NHS Digital Prevention Services 24 £180m FY26: £45m FY25: £160m NHS DDaT Capability and Outcomes 36 £35m Home O
Slide 19: Powering Digital Support for Citizens in Crisis
Powering Digital Support for Citizens in Crisis 150,000+ people 300 submissions 24 hours to stand supported across per minute up 7 countries, 7 countries handled at peak 24/7 support (in 3 weeks) provided When the Iran crisis began in February 2026, over 150,000 people in the Middle East requested s
Slide 20: 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 HM Treasury Spending Review 2018 DVSA Fraud Detection UK Government appetite and AI tooling has been deployed 2025 moves to production
Slide 21: Financial Performance
Financial Performance kaines’
Slide 22: Adjusted PBT Margin walk
Adjusted PBT Margin walk 22% 21% 2.9% 20% -0.9% -0.2% -0.3% 19% -0.7% 18% 17.9% 17% -2.3% 16% 15.5% -0.9% 15% 14% 22
Slide 23: Digital Services
Digital Services Revenue £m FY 26 FY 25 Change • Public sector revenue up 11% to £136.0m Revenue • Healthcare revenue up 55% to £74.9m Services 200.3 172.0 16% • Americas revenue up 127% (75% organic) to £20.2m Partner 34.1 16.5 107% • Commercial sector revenue reduced 41% to £10.7m Third party & ot
Slide 24: Workday Services
Workday Services Revenue £m FY 26 FY 25 Change • Revenue growth 9% (ccy 12%) Revenue • Excluding EDM services growth is 6% Services 103.6 95.0 9% • Americas revenue increased 12% to £56.4m Third party & other 4.0 3.7 8% • EMEA revenue reduced 1% to £47.4m • Rest of World (mainly APAC) grew from £0.4
Slide 25: Workday Products
Workday Products £m FY 26 FY 25 Change Revenue • Strong revenue growth of 15% (19% ccy) Revenue • Growth excluding EDM services transfer was 18% Services 2.2 4.1 (46%) Subscriptions 79.5 67.3 18% ARR Total revenue 81.7 71.3 15% • Very strong growth of 23% to £89.0m (24% ccy) Gross margin 63.6 53.1 2
Slide 26: Group Income Statement
Group Income Statement Income Statement Central overheads/net finance income: £m FY 26 FY 25 Change • Central overheads (inc. depn.) increased 2% Revenue 431.1 367.2 17% • Net finance income decreased 45% • Reduced funds on deposit due to share buyback Gross profit 198.9 175.9 13% • Lower interest r
Slide 27: Balance Sheet and Cashflow
Balance Sheet and Cashflow Balance Sheet: Balance Sheet • Fixed assets includes £5.9m Bankmore expenditure in period (£m) 31 Mar 26 31 Mar 25 • Goodwill & intangible - £12.9m increase due to Davis Pier acquisition Fixed assets and investments 23.5 18.2 • Underlying trade receivables/WIP Goodwill and
Slide 28: Capital allocation strategy
Capital allocation strategy Focused on investing for growth, minimising risk and maximising ROI Growing the business Concluded share buyback • Organically • £90m returned to shareholders • Targeted acquisitions • Cash reserves retained for: • Bankmore expenditure Progressive dividend policy • Growth
Slide 29: Outlook
Outlook
Slide 30: Outlook
Outlook Strong near-term momentum, clear medium-term opportunity Medium-term: Opportunity Near-term: FY27 Priorities Foundations: FY26 Performance Powerful structural drivers remain in all three Continued momentum in Workday BOOKINGS: +32% REVENUE: +17% markets as customers deploy technology to Prod
Slide 31: Appendix: Definition of terms
Appendix: Definition of terms
Slide 32: Definition of terms
Definition of terms Active customer: a customer who has signed a contract with us within the last three figure at current period average exchange rates. months or has generated revenue in the last six months. Contracted backlog: the value of contracted revenue that has yet to be recognised. Adjusted
Slide 33: Slide 33
Slide 34: Outlook
Outlook We have strong positions in growing, diverse, international markets Digital Services Workday Services Workday Products Drive digital transformation in Drive core existing markets and Continue progress towards £100m UK public and health sectors expand into international markets and £200m ARR