Softcat reports half-year results as Softcat stock sits 13.21 percent below its high

Published on 10/05/2026 at 17:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2025 revenue was GBP 1.46 billion versus GBP 962.6 million in fiscal 2024. Softcat stock costs EUR 21.80 on October 5, 2026 versus EUR 22.00.

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Softcat (ISIN GB00BYZDVK82) released its half-year results for fiscal 2026 on October 5, 2026, while Softcat stock stood 13.21 percent below its GBp 2,134.00 52-week high. The EUR 21.80 Lang & Schwarz price gives investors a second reference point as the company prepares for its full-year update.

Half-year results meet a stronger base

Softcat's investor centre said on October 5, 2026, that the company had released its half-year results for the 2026 financial year. The same Softcat page lists fiscal 2025 revenue of GBP 1,458.4 million, compared with GBP 962.6 million in fiscal 2024, a 51.48 percent increase.

Fiscal 2025 underlying operating profit also rose to GBP 180.1 million from GBP 154.1 million, while underlying basic earnings per share increased to GBp 69.5 from GBp 59.7. Cash conversion was 95.6 percent in fiscal 2025 versus 95.9 percent in fiscal 2024, showing that the revenue expansion was accompanied by strong cash generation.

GDT adds scale and financing risk

On September 17, 2026, Investegate reported that Softcat planned a GBP 350 million equity issue to help fund the acquisition of GDT for an enterprise value of USD 1.05 billion. The transaction is expected to deliver underlying earnings per share accretion in the high single-digit to low double-digit range in the first full fiscal year.

The financing mix also included GBP 100 million of cash and GBP 550 million of new debt facilities. Net debt leverage was expected at 1.3 times at closing, with leverage forecast below 1.0 times by July 2028, making execution and balance-sheet discipline important counterweights to the US expansion.

October 14 is the next checkpoint

Softcat's preliminary results for the year ended July 31, 2026, are scheduled for release on October 14, 2026, according to the same Investegate announcement. That release should provide the clearest update on the raised profit outlook, cash conversion and the financial starting point for GDT.

MarketBeat reported on October 5, 2026, that eight analysts held a consensus rating of Hold, with four Buy, three Hold and one Sell ratings. The average 12-month target was GBp 1,993.75, while recent targets included GBp 2,400 from Berenberg and GBp 2,300 from JPMorgan, according to MarketBeat.

Stock stays below its yearly high

Softcat stock was last at GBp 1,852.00 on the London Stock Exchange on October 5, 2026 at 4:23 p.m. BST, versus a GBp 1,083.00 to GBp 2,134.00 52-week range. Its market capitalization was GBP 3.6 billion as of October 5, 2026.

At Lang & Schwarz, Softcat was trading at EUR 21.80 on October 5, 2026 at 5:13 p.m. CEST, down 0.91 percent versus the EUR 22.00 prior close of October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Softcat stock.