Endava Plc · NYSE:DAVA
Endava — Q1 FY2026 Earnings Presentation
30 slides from Endava's earnings presentation, Nov 12, 2025
Slide 1: © Copyright 2025 Endava
© Copyright 2025 Endava
Slide 2: Investor presentation Q1 FY2026
Investor presentation Q1 FY2026
Slide 3: Disclaimer
© Copyright 2025 Endava Disclaimer This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation, other than statements of historical facts, are forward-looking statements. The words “be
Slide 4: Technology is our how. And people are our why.
Technology is our how. And people are our why. A new wave of AI-driven digital transformation is underway, and businesses must embrace a more digital core that enables the real-time usage of data to support the rapid and efficient delivery of new initiatives. At Endava, we’ve partnered with our cust
Slide 5: Opportunity & Approach
Ol °° Opportunity & Approach
Slide 6: Helping customers transform people's lives through technology
© Copyright 2025 Endava For over 25 years we’ve been helping our customers transform people’s lives through technology. Businesses use us as a trusted partner to help them leverage the latest ideas to modernise their business and digitally transform their interactions with their customers.
Slide 7: Core modernisation by Endava
© Copyright 2025 Endava Digital Experiences Orchestration Reporting Systems Integration Multicloud Config Core modernisation by Endava Advancements in embedded technologies, APIs, and now AI have made it necessary for organisations to modernise their Core Enterprise Systems to take full advantage of
Slide 8: Core modernisation by Endava
© Copyright 2025 Endava Core modernisation by Endava Decades of collaboration with our clients and analysing their real-world challenges, has resulted in the creation of a distinct approach to Core modernisation. The patented approach delivers an accurate and efficient end-to-end system transformati
Slide 9: We enable change.
© Copyright 2025 Endava We enable change. We are a leading provider of next-generation technology services, dedicated to helping our customers drive real impact and meaningful change. For over two decades, we have been honing our digital transformation approach that now serves as our cornerstone for
Slide 10: We are a pure play next-gen technology company
© Copyright 2025 Endava Next-gen Tech Core Modernisation Strategy Customer-centric Engineering Agile Automation Data Integration & AI Traditional IT Services Business & Tech Consultants Digital Agencies We are a pure play next-gen technology company 10
Slide 11: We solve complex problems
© Copyright 2024 Endava • Confidential and Proprietary • Version 1.0 Accelerators Dava.X Capabilities Managed Services DevSecOps Testing Cyber Security Software Engineering Design Data by building on... We solve complex problems Define vision & strategy Increase speed to market Drive efficiency Grow
Slide 12: DavaFlow
DavaFlow DavaFlow is Endava’s Al-native engagement lifecycle. a governed, continuous flow that builds measurable value by connecting how we sense opportunities, shape responses, and deliver outcomes through agent-human collaboration. endava
Slide 13: Built for the post-agile era
Built for the post-agile era aa DavaFlow replaces headcount-based, time- and-materials delivery with a continuous flow of valuable business outcomes enabled by Al and guided by human oversight. DavaFlow Four Al-enhanced Engagements flow through 4 Al-enhanced phases: Signal, Explore, Govern, and Evol
Slide 14: Four AI-enhanced phases
Feedback Four Al-enhanced phases Signal Explore Qualify the right problems Make the work agent-ready Agents and teams capture, enrich and interrogate market, client Al accelerates analysis and design into an agent-ready backlog — and operational signals to test assumptions and define a clear rapidly
Slide 15: We serve a large addressable market.
© Copyright 2025 Endava We serve a large addressable market. $4.0T 16.2% Five-year CAGR for digital transformation investments IDC Worldwide Digital Transformation Spending Guide, May 2024 update. 2027 15
Slide 16: Endavans
© Copyright 2025 Endava (1.6%) Employee decrease Q1FY25 to Q1FY26 11,636 Global employees as of Sep 30, 2025 37% Women in total staff as of Sep 30, 2025 Our people are at the heart of who we are and drive our success as a business. We enable Endavans to be the best they can be so that we can deliver
Slide 17: Endava around the world
72 cities, 32 countries European Union Austria, Bulgaria, Croatia, Denmark, Germany, Ireland, Netherlands, Poland, Romania, Slovenia, Spain and Sweden Europe - Non-EU Bosnia & Herzegovina, Moldova, North Macedonia, Serbia, Switzerland and the United Kingdom North America Canada and the United States
Slide 18: History of Endava
© Copyright 2025 Endava Founded in 2000 Expand to CE Concise UK, IT Consultancy Expand to USA Expand to LATAM IPO NYSE July 2018 Compudava Moldova, Nearshore Location Alpheus Germany, Consulting Business Nickelfish USA, Digital, UX & Strategy firm Velocity Partners USA & LATAM, NA Sales & LATAM Deli
Slide 19: Significant Upcoming AI Trends
© Copyright 2025 Endava Significant Upcoming AI Trends The Present Near Term <2 Years Mid Term 2-5 Years Long Term 5+ Years Agentic AI and Semi-Autonomous Multimodal (Gen) AI AI-Ready Data AI-Native Software Engineering World Models Our current AI tools struggle to truly grapple with the complexity
Slide 20: Our people and communities
© Copyright 2025 Endava 20 Our p eople and communities / We enable our people to be the best they can be by creating learning and development opportunities, fostering an inclusive work environment and making sure everyone is connected to our culture. We also aim to make a positive difference in our
Slide 21: Financials
21 Financials02
Slide 22: Revenue
© Copyright 2025 Endava 195.1 178.2 446.3 654.8 794.7 740.8 772.3 FY21 FY22 FY23 FY24 FY25 3M FY25 3M FY26 FY21-FY25 CAGR 14.7% Over the last five fiscal years, 90.7% of our revenue each fiscal year, on average, came from customers who purchased services from us during the prior fiscal year. -8.6% Q
Slide 23: Profitability
© Copyright 2025 Endava 4.2 (8.5) 54.4 102.4 114.2 27.0 24.1 FY21 FY22 FY23 FY24 FY25 3M FY25 3M FY26 Profit / (Loss) before tax (£m) Profitability Sep 30 Sep 30 Margin 19.2 9.9 92.1 138.3 164.2 83.0 82.1 FY21 FY22 FY23 FY24 FY25 3M FY25 3M FY26 Adjusted profit before tax (£m)* Q1 Sep 30 Sep 30 Marg
Slide 24: Client Relationships
© Copyright 2025 Endava 35% 34% 33% 32% 36% 36% 36% FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 85 134 146 146 133 147 133 615 732 711 695 619 667 602 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q1FY26 Total no. of clients and with revenue > £1m* Sep 30 Sep 30Sep 30 Sep 30 Top 10 clients (% of total revenue) Clien
Slide 25: Clients Spend
© Copyright 2025 Endava 15,590 22,150 26,030 24,050 27,940 7,080 6,380 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 25 Top 10 clients - average spend (£000s) 697 841 905 794 836 289 278 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Sep 30 Sep 30Sep 30 Sep 30 Remaining clients - average spend (£000s) Clients
Slide 26: Geography & Industry verticals
© Copyright 2025 Endava 42% 41% 39% 33% 33% 31% 28% 24% 21% 23% 26% 23% 25% 24% 31% 35% 32% 33% 38% 39% 42% 3% 3% 6% 8% 6% 5% 6% RoW N. America Europe UK * Other includes consumer products, natural resources, services, and retail verticals Payments 17% Banking & Capital Markets 22% Insurance 9% Tech
Slide 27: CAPEX & Adjusted FCF
© Copyright 2025 Endava 1.1 3.0 5.2 13.7 13.5 5.1 4.4 FY21 FY22 FY23 FY24 FY25 3M FY25 3M FY26 Capital expenditures (£m) CAPEX & Adjusted FCF Sep 30 Sep 30 % of Revenue 3.5 9.2 82.7 107.2 111.5 58.4 48.7 FY21 FY22 FY23 FY24 FY25 3M FY25 3M FY26 Adjusted free cash flow (£m)* Q1 Sep 30 Sep 30 * See pa
Slide 28: Appendix
28 Appendix03
Slide 29: IFRS to Non-IFRS reconciliation
© Copyright 2025 Endava IFRS to Non-IFRS reconciliation 29 2021 2022 2023 2024 2025 2024 2025 Reconciliation of Revenue Growth / (Decline) at Constant Currency to Revenue Growth / (Decline) as Reported under IFRS Revenue Growth / (Decline) as Reported under IFRS 27.2 % 46.7 % 21.4 % (6.8)% 4.3 % 3.5
Slide 30: © Copyright 2025 Endava
© Copyright 2025 Endava