SysGroup : FY26-H1

// SysGroup

FY 2d26:

Half Year Results

6 months to 30 September 2025

Disclaimer

This presentation has been prepared by SysGroup plc ("SysGroup" or the "Company") and the information contained herein is restricted and is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. In particular, the information contained herein is not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.

The presentation and the information contained herein is for information purposes only and shall not constitute an offer to sell or otherwise issue or the solicitation of an offer to buy, subscribe for or otherwise acquire securities in any jurisdiction in which any such offer or solicitation would be unlawful.

This presentation and the information herein does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to purchase, acquire or subscribe for any securities in the United States, Canada, Australia, Japan or the Republic of South Africa and may not be viewed by persons in the United States (within the meaning of Regulation S under the US Securities Act of 1933, as amended (the "Securities Act")).

Securities in the Company may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities law of any relevant state or other jurisdiction of the United States.

Recipients in jurisdictions outside the United Kingdom should inform themselves about and observe any applicable legal or regulatory requirements in relation to the distribution or possession of these presentation slides to or in that jurisdiction. In this respect, neither the Company nor any of its connected persons accepts any liability to any person in relation to the distribution or possession of these presentation slides to or in any such jurisdiction.

This presentation may not be reproduced in any form or further distributed to any person or published in whole or in part, for any purpose; any failure to comply with this restriction may constitute a violation of applicable securities laws.

2025 SysGroup

This presentation has not been ( i ) produced as a result of a process which was designed to ensure that it satisfies the standards, of accuracy, disclosure or completeness required of a prospectus, or listing particulars or other disclosure document to be published in connection with an application for shares or other securities to be admitted to listing or dealing or trading on a regulated market or a recognised investment exchange (as defined in the Financial Services and Markets Act 2000 ("FSMA")) (ii) approved for the purposes of section 21 of FSMA by, a person authorised under FSMA or (iii) subjected to the due diligence investigations, verifications and other procedures commonly carried out or applied in relation to the publication of a prospectus, listing particulars or other disclosure document on such an application, nor does it contain all information that would be required if it were a prospectus for the purposes of Directive 2003/71/EC. Accordingly, this presentation does not purport to be all inclusive.

In making this presentation available, the Company makes no recommendation to buy, sell or otherwise deal in shares in the Company and its subsidiaries (the "Group") or in any other securities or investments whatsoever, and you should neither rely nor act upon, directly or indirectly, any of the information contained in these presentation slides in respect of any such investment activity.

Past performance is no guide to future performance. If you are considering engaging in investment activity, you should seek appropriate independent financial advice and make your own assessment.

This presentation (and any subsequent discussions arising thereon) may contain certain statements, statistics and projections that are or may be forward looking. The accuracy and completeness of all such statements including, without limitation, statements regarding the future financial position, strategy, projected costs, plans and objectives for the management of future operations of the Group are not warranted or guaranteed. By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may occur in the future. Although the Company believes that the expectations reflected in such statements are reasonable, no assurance can be given that such expectations will prove to be correct.

There are a number of factors, many of which are beyond the control of the Group, which could cause actual results and developments to differ materially from those expressed or implied by such forward looking statements. These factors include, but are not limited to, factors such as: future revenues being lower than expected; increasing competitive pressures in the industry; and/or general economic conditions or conditions affecting the relevant industry, both domestically and internationally, being less favourable than expected. We do not intend to publicly update or revise these projections or other forward looking statements to reflect events or circumstances after the date hereof, and we do not assume any responsibility for doing so. By accepting these presentation slides, you agree to be bound by the above conditions and limitation.

Highlights

Strategic shift to a consultative, end-to-end Go-To-Market ("GTM") approach is delivering tangible results

Cyber security represents a significant and fast-growing revenue stream for the Group, today comprising 47% of revenue in the period

Secured a three-year Managed IT Services and technology refresh contract with a major UK non-profit institution

Managed IT Services revenues stabilised and are now well positioned to return to growth after two years of decline

AI is now our operational model, embedding tools, workflows, and culture across the business

Significant improvement in service quality and customer satisfaction, supported by AI and operational changes

AI delivering measurable ROI - service desk reduced from 36 to 22; throughput per engineer increased 17%

Headcount reduction from 111 in FY23 to 80 by end of FY26, delivered alongside strengthening technical capabilities and successful integration of an acquisition

Oc 2025 SysGroup

Income Statement

Revenue £9.9m (H1 FY25: E10.2m)

Managed IT Services including professional services comprise 92% of total revenue (H1 FY24: 86%)

Gross margin consistent at 48.5% (H1 FY24: 49.6%)

Adjusted EBITDA1 of £0.2m (H1 FY24: £0.4m)

Statutory loss before tax of £1.59m (H1 FY24: loss before tax of

£1.09m)

1. Adjusted EBITDA is earnings before interest, taxation, depreciation, amortisation and impairment of intangible assets, exceptional items, share based payments and share scheme set up costs

2025 SysGroup

Statement of Financial Position

Total net assets £22.8m (FY25: £23.7m)

Trade and other receivables consistent at £5.3m (FY25: £5.4m) Cash £8.1m (FY25 £8.7m)

Current liabilities increase to £8.3m (FY25: £7.0m) relates to timing on deferred revenue ("contract liabilities) and is in line with H1 FY25 (£8.0m)

Movement in treasury reserve to £0.7m (FY25: £1.0m) relates to an exercise of equity by a member of the previous management team

Movement in other reserves relates to the share option scheme

2025 SysGroup

Cashflow & Net Cash

Gross cash balances of £8.1m (31 March 2025: E8.7m)

Cash movements include:

• (i) £(0.2)m net cash from operations

• (ii) £(0.1)m final payment on Crossword acquisition

• (iii) E(0.3)m in financing charges relating to debt facility

Loan facility draw down unchanged

Net cash1 of £3.1m has moved from a net cash1 position of E3.6m at 31 March 2025.

1. Net cash represents cash balances less bank loans and lease liabilities (excluding contingent considerationJ

2025 SysGroup

Gross Margin Maintained

48.8%

48.5%

45.8%

FY24

FY25

H1 FY26

Improved Quality of Revenue

Stronger Revenue Foundation

92%

82%

6%

86%

10%

14%

FY24

FY25

H1 FY26

• Managed Services • Consultancy

	63%		60%		53%

Balanced Portfolio

100%

80%

60%

40%

20%

0%

FY24

• Security

FY25

• Hosting & Infrastructure

H1 FY26

Cybersecurity: managed security services, disaster recovery services, cyber consultancy

Hosting & Infrastructure: managed hosting including cloud, infrastructure, connectivity and support services

2025 SysGroup

Security comprises managed security services, disaster recovery services, cyber consultancy

FY26 projected

FY25

FY26 projected

FY23 FY24

C6.6m

£8.1m

£8.3m

£9.3m

fi10.0m E9.0m E8.0m E7.0m E6.0m

E5.0m

Security Driving Growth

Churn Minimised and Positioned to Grow

£4.5m

£4.1m

f4.0m

f4.0m

E3.9m

£3.8m

£3.9m

£3.6m

£3.5m

Poised for Profitable Growth

Optimised Operating Model

f8.0m

101 FTEs

£7.1m

80FTEs

£6.0m

£6.0m

£4.0m

Q4 25

*Q4 salary annualized

Q4 26 Projected

Q1		Q3	Q4	Q1		Q2
	FY25				FY26

Oc 2025 SysGroup

Al-enhanced Workflows

Identify key workflows such as service desk, sales, and onboarding to re-engineer and enhance the outcome. Leverage AI across interconnected tasks to maximise the impact instead of singular use cases

Hybrid data architecture

Core datasets indexed into Snowflake, with other systems integrated directly into our LLM environment via MCP to create a unified, Al-ready data foundation.

AI adoption and Integration

Leverage the unprecedented pace of innovation in AI tools. Harness rapid advances in AI and aggregating the most effective tools into custom operational solutions. Build a proprietary flywheel that is scalable and becomes a built-in competitive advantage.

2025 SysGroup

Al is the Foundational Operating

Real-time intelligence layer

CRM, HR, ticketing, SharePoint, Finance data and GTM data surfaced into AI workflows, enabling automated decisions, faster insights and materially reduced manual effort.

Model at SysGroup

Al Augmented Sales Workflow

Marketing & Qualification Discovery & Proposal & Cross-sell & Outbound SOlutioning Negotiation Upsell

• SME inputs technical details • AI captures call/meeting • AI aggregates data from • 'Syd' generates a proposal • Scan customer environments

• AI tools (ChatGPT, Copilot, notes to extract buyer needs Zoomlnfo and other draft using pricing, SLAs, using automation tools to

  tic.) LOWLiNDS intO • CRM APCOrdS Created enF ^h^ent GOODS fOr the serViCe deSCripti Ois and idVilify gapS, Risks OF

  commercial language. /updated automatically with t Irg£'t contract templates stored in misconfigurations

• Custom AI tools are used to meeting notes Syd helps pull the service SharePoint • Custom AI highlights cross-sell

  augment our content • Buyer behaviour analysed to generation pipeline including generate an intent score.

  Linkedln, email, web, and • AI summarises pain points collateral and recommends follow up

• AI segments clients into questions defined service categories

  based on need and growth opportunity

  details, technical requirements and configuration options

• GTM Hub provides relevant case studies, battle cards, collaterals

• Custom bots (Cyber, Hosting, Connectivity) answer deep customer questions to act as a technical mentor for sales

  Al legal tool reviews terms, opportunities based on service flags risk, and proposes history, environment maturity,

  compliant wording and technical configurations

• DataRails pulls financial • AI gathers system inventory inputs (SAP and CRM) to and generates a real time

autogenerate financial "client ecosystem snapshot" reports

Outcome: Faster campaign Outcome: Faster, higher-quality outcome: Faster, more accurate Outcome: Higher-quality Outcome: Data-driven visibility cycles, more consistent qualification that directs sales solutioning without SME proposals andfaster close cycles that proactively expands accounts, positioning, improved conversion effort toward the prospects most bottlenecks With consistent commercial boosts retention, and lifts revenue to qualification. likely to convert. discipline. per customer.

O 2025SysGroup