Highlights

  • Two brokers have issued a ‘Buy’ rating for Bytes Technology Group with a target price of GBP 540.
  • The target represents a 35.81% increase from the company’s current share price.
  • Half-year results for the period ended 31 August 2025 are scheduled for release on 14 October 2025.

Bytes Technology Group plc (LSE:BYIT), a UK-based provider of software, security, cloud, and AI services, has received a ‘Buy’ rating from two brokers, with a consensus target price set at GBP 540 per share. The target price indicates a potential upside of 35.81% compared to the company’s current market value.

Trading Update Ahead of Interim Results

Bytes Technology Group reported a trading performance that remained aligned with expectations communicated in its July 2025 AGM Statement. In the first half of the financial year 2026 (H1 FY26), the company anticipates Gross Invoiced Income of approximately GBP 1.33 billion, Gross Profit of at least GBP 82 million, and Operating Profit of no less than GBP 33 million.

The net cash position stood at nearly GBP 82 million at the end of the reported period. This figure reflects the payment of GBP 41 million in final and special dividends during the period, as well as GBP 1 million in share repurchases under the GBP 25 million buyback programme launched in August 2025.

Bytes Technology Group’s cash conversion rate for the first half mirrors its usual seasonal weighting towards the second half, when higher conversion is typically recorded. For the full fiscal year, positive cash conversion remains anticipated.

Company Overview

Bytes Technology Group serves a wide range of enterprise and institutional clients across the UK and Ireland, providing solutions in security, cloud and AI-driven productivity. Its offerings are designed for cost efficiency and ease of adoption, making it a trusted technology sourcing and management partner for non-consumer markets.