(Alliance News) - Kainos Group PLC on Monday expressed optimism around future trading, as it guided positive full-year adjusted earnings in line with forecasts.
The London-based Workday partner and provider of IT services to public sector, commercial, and healthcare customers said it expects to deliver revenue for the financial year ended March 31 ahead of consensus figures.
The company noted sell-side estimates of between GBP392.1 million to GBP411.1 million, with a midpoint of GBP406.5 million. In financial 2025, Kainos reported revenue of GBP367.2 million.
Kainos guided adjusted pretax profit in line with forecasts, as it noted the consensus range of GBP65.6 million to GBP70.0 million, with a midpoint of GBP66.4 million. The prior financial year Kainos reported adjusted pretax profit of GBP65.6 million.
The company said it continued its "strong" performance in the second half of the financial year, hitting double-digit percentage top-line growth. It also noted a "very strong sales performance and record backlog levels".
Shares in Kainos rose 0.2% to 880.00 pence on Monday morning in London.
Looking ahead, Kainos said it is optimistic on the future owing to its "strong momentum" across digital transformation and its Workday businesses.
"This confidence is based on our strong financial position: an excellent backlog and solid pipeline, a strong, debt-free balance sheet, disciplined capital allocation and robust cash generation," said the company.
Kainos is scheduled to release its full-year results on May 18.
By Christopher Ward, Alliance News reporter
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