TPXimpact Holdings PLC · LSE:TPX
TPXimpact — H1 FY2027 Earnings Presentation
33 slides from TPXimpact's earnings presentation, Nov 10, 2026
Slide 1: H1 Results
Platinum 6 months ended 30 September 2026 H1 RESULTS 10 November 2026
Slide 2: Disclaimer
DISCLAIMER This presentation relating to TPXimpact Holdings Limited (the “Company”) is not an advertisement or an offering of securities of the Company in any jurisdiction or an inducement to enter into investment activity and has not been approved by the UK Listing Authority, the Financial Conduct
Slide 3: Contents
Introduction Client Impact CONTENTS Financial Results Outlook 3
Slide 4: Introduction
INTRODUCTION Björn Conway CEO 4
Slide 5: Strong first half
STRONG FIRST HALF… H127 Revenue H127 Adj. EBITDA £57.9m £8.0m +60% YoY +152% YoY FY27e Revenue FY27e Adj. EBITDA New business >£105m >£14m £86m H127 +35% YoY +63% YoY (vs. £31m H126) …and debt free for the first time since 2019. 5
Slide 6: A leading digital provider
A LEADING DIGITAL PROVIDER Only a handful of technology consultancies have our scale, framework access, and credentials of large multi-year, Headcount multi-million £ client programmes for user-centred design 806 led service transformation Female representation The flexibility and intimacy of a bouti
Slide 7: Our operating model
OUR OPERATING MODEL For most of our work: ● We operate through frameworks with pre-agreed rates and terms and conditions ● We are expert at bidding in public sector procurement competitions ● We develop deep, long lasting account relationships ● We sell large, multi-year engagements ● This gives goo
Slide 8: AI-native delivery - recent use cases
AI-NATIVE DELIVERY - RECENT USE CASES Improved user Quicker and better Safe implementation experience solutions Penetration testing of LLM applications using “OWASP” guidance - gov’t dept AI tools that give enhanced access to Agentic software tools used to map practice guidance - gov’t dept complex
Slide 9: Client Impact
CLIENT IMPACT 9
Slide 10: Our clients
OUR CLIENTS Transforming organisations that underpin society £86m total contract value won in first half of FY27 Recent large wins: Client Value/ tenure Date signed NHS England £22m, 2 years Feb 2026 (mobilised FY27) DEFRA £39m, 4 years Feb 2026 (mobilised FY27) HM Prison & Probation Service £9m upli
Slide 11: Redesigning vaccine services
REDESIGNING VACCINE SERVICES Challenge “By mid-October 2026, RAVS (Record a Vaccine NHS England’s maternity, neonatal, and school-age vaccination pathways Service) and MAVIS (Manage Vaccines in Schools Service) were the most used systems in previously relied on fragmented legacy systems, causing hea
Slide 12: Capability as a service
CAPABILITY AS A SERVICE “You’ve been an absolute pleasure to work with. Honestly, you’re one of the Challenge best UCD team combinations I’ve had the Defra need the skills, capacity and flexibility to scale digital teams to chance to work with. I’m genuinely deliver ambitious aims - cleaner air and w
Slide 13: A lasting & impactful partnership
A LASTING & IMPACTFUL PARTNERSHIP “We’re delighted to renew and continue Challenge our successful strategic partnership with ZSL has been a Manifesto partner since 2019, when donation & ticketing journeys Manifesto. sat on an end-of-life digital platform. With a bold 2030 strategy and a 2026 bicente
Slide 14: H1 Financial Results
H1 FINANCIAL RESULTS Noel Douglas CFO 14
Slide 15: Financial results
FINANCIAL RESULTS Revenue Gross Margin Adjusted EBITDA Adjusted EBITDA Adjusted diluted Net cash/(debt)1 margin EPS £57.9m 30.0% £8.0m 13.9% 5.6p £1.0m (H126: £36.2m) (H126: 31.0%) (H126: £3.2m) (H126: 8.8%) (H126: 1.7p) (FY26: £(4.2)m) SECTORS CENTRAL Client tenure GOVERNMENT ~70% of revenue from c
Slide 16: Client diversification - more large accounts
CLIENT DIVERSIFICATION - MORE LARGE ACCOUNTS We have won more large accounts - moving from one or two accounts over £10m p.a. historically, to four accounts over £10m now… …and this is reflected in the increase in average spend of our top five clients in FY27. *FY27 based on H1 annualised 16
Slide 17: ESG results
ESG RESULTS Total Permanent Female Ethnically headcount FTE representation diverse representation 806 508 50% 21% (FY26: 702) (FY26: 415) (FY26: 48%) (FY26: 19%) Total Carbon intensity Employee tC02e per £1m (tCO2e) retention rate 790 13.7 86% (H126: 699) (H126: 19.3) (FY26: 83%) 17
Slide 18: Debt eliminated; profitability increasing
DEBT ELIMINATED; PROFITABILITY INCREASING * Includes £0.3m overdraft in FY26 18
Slide 19: Outlook
OUTLOOK 19
Slide 20: FY27 guidance (upgraded 15th Oct)
FY27 GUIDANCE (upgraded 15th Oct) ● Excellent backlog with existing clients provides good revenue and EBITDA visibility for FY27 ● £86m of new business already booked in the first half of FY27 ● FY27 guidance - unchanged from the upgrade published on 15th Oct: ○ Revenue of at least £105m (+35% YoY) ○
Slide 21: Medium term plan / investment opportunity
MEDIUM TERM PLAN / INVESTMENT OPPORTUNITY ● Build on our core strengths: ● Large and growing addressable market - lots more digital ○ Place and Infrastructure/ Housing transformation to be done in public sector ○ Transforming Government ○ Health ● Capex-light business with robust cashflow generation
Slide 22: Thank you
THANK You" © impact fag
Slide 23: Appendix - Clients
certifi re APPENDIX - CLIENTS
Slide 24: Our clients
OUR CLIENTS Transforming organisations that underpin society Healthy spread of customers; limited concentration: ● No single customer > 30% of total revenue ● Top 5 customers = ~70% of revenue ● Top 10 customers = ~80% of revenue Strong track record of customer retention: ● ~70% of revenue from cust
Slide 25: Appendix - Financials
certifi re APPENDIX - FINANCIALS
Slide 26: Revenue over time
REVENUE OVER TIME £m 40 Revenue 105.0 73 781 69.7 57.9 416 378 362 H123 FY23 H124 FY24 H125 FY25 H126 FY26 H127 FY27e TPXimpact 26
Slide 27: Net (debt)/cash bridge
NET (DEBT)/ CASH BRIDGE £m Net (debt)/cash 03 G2 0.7 1.0 7H Net debt at 31 Net cash Interest Long-term Net cash at 30 March 2026 generated from payments lease September operations payments 2026 TPXimpact 27
Slide 28: Statutory income statement
STATUTORY INCOME £'000 H127 H126 Revenue 57,871 36,161 STATEMENT Cost of sales (40,533) (24,965) Gross profit 17,338 11,196 GM % 30.0% 31.0% Staff costs (6,846) (6,251) Depreciation & amortisation (2,502) (2,827) Restructuring & transformation costs (661) (706) Share-based payments (1,402) (813) Othe
Slide 29: Statement of financial position
STATEMENT OF £’000 H127 FY26 FINANCIAL POSITION Goodwill 35,713 35,713 Intangible assets 2,073 4,143 Tangible assets 1,478 947 Cash 1,035 - Receivables 22,162 14,642 Total assets 62,461 55,445 Borrowings - (4,214) Lease liabilities (1,330) (960) Deferred tax (502) (1,033) Payables (18,857) (11,345)
Slide 30: Cash flow / net cash/(debt)
£’000 H127 H126 CASH FLOW / NET Net operating cash flows before NWC 6,968 2,501 CASH/(DEBT) Net working capital (770) 19 Net cash from operating activities 6,198 2,520 Net cash from investing activities 9 16 Net borrowings repaid (4,000) (7,200) Share related activities 6 (69) Other financing activiti
Slide 31: Adj EBITDA reconciliation
ADJ EBITDA RECONCILIATION £’000 H127 H126 Operating profit/(loss) 3,478 (1,148) Amortisation & depreciation 2,502 2,827 Share based payments 1,402 813 Restructuring & transformation costs 661 706 Adjusted EBITDA 8,043 3,198 31
Slide 32: Adj profit after tax reconciliation
ADJ PROFIT AFTER TAX RECONCILIATION £’000 H127 H126 Profit/(loss) before tax 3,179 (1,679) Amortisation of intangible assets 2,070 2,365 Share based payments 1,402 813 Restructuring & transformation costs 661 706 Adjusted profit before tax 7,312 2,205 Tax (excluding impact of above adjustments) (1,644
Slide 33: Share count & EPS
SHARE COUNT & EPS H127 H126 Number of shares '000 Period-end 95,297 92,972 Weighted average 95,188 92,395 Own shares - SIP/EBT (1,205) (1,985) Average basic 93,983 90,410 Dilutive shares outstanding 6,572 6,444 Average diluted 100,555 96,854 Profit/(loss) after tax (£'000) 2,477 (1,409) Reportable di