Highlights

  • FY2025 revenue rose 32% in constant currency, driven by Technology Sourcing growth.
  • Adjusted profit before tax is expected to be at least GBP 270 million for FY2025.
  • Adjusted net funds reached approximately GBP 600 million at year-end.

Computacenter plc (LSE:CCC) has released a pre-close trading update for the year ended 31 December 2025, reporting financial performance above earlier expectations. The update highlights higher revenue, improved profit guidance, regional performance trends, a strengthened balance sheet, and progress on acquisitions, ahead of the company’s full-year results scheduled for March 2026.

Second-Half Performance Lifts Full-Year Results

Computacenter reported improved performance during the second half of FY2025, with fourth-quarter trading contributing to full-year results exceeding expectations. On a gross invoiced income basis, FY2025 revenue increased 32% in constant currency and 31% on a reported basis.

Technology Sourcing gross invoiced income rose 38% in constant currency, while Services revenue increased 3%. Within Services, Professional Services recorded revenue growth, partly offset by a decline in Managed Services revenue during the year.

Regional Performance Shows Diverging Trends

North America recorded consistent growth throughout FY2025, supported by demand from enterprise and hyperscale customers. The UK delivered improved performance over the year, while Germany experienced a stronger second half following softer conditions earlier in the year, supported by increased public sector activity. As a result, Germany’s full-year outcome in constant currency was similar to the prior year.

In France, trading conditions remained challenging, with performance declining from the beginning of the second quarter and remaining below earlier levels through the rest of the year.

Profit Guidance and Financial Position Updated

For FY2025, and accounting for ongoing strategic investments and reduced interest income following the share buyback, Computacenter now expects adjusted profit before tax to be no less than GBP 270 million, exceeding prior market expectations.

Adjusted net funds, excluding IFRS 16 lease liabilities, stood at approximately GBP 600 million at year-end. The cash position benefited from collections and early customer payments. December marked the peak of the annual cash cycle, with net cash outflows expected through to the end of March 2026.

Acquisition Activity Expands US Presence

In early January 2026, Computacenter announced the acquisition of AgreeYa Solutions Inc. and associated assets of AgreeYa India for an enterprise value of up to $120 million, funded from existing cash resources.

AgreeYa focuses on professional services within the US enterprise market and is expected to report consolidated revenue of approximately $120 million in 2025, with adjusted EBITDA of around $14 million. The group stated it continues to assess targeted acquisition opportunities.

Outlook and Order Backlog

Order intake during the second half of FY2025 remained elevated, particularly in North America. Computacenter exited the year with a committed product order backlog across all geographies, exceeding levels recorded at both December 2024 and June 2025.

Final results for the year ended 31 December 2025 are scheduled for publication on 12 March 2026.

Share Performance

As of 22 January 2026, Computacenter shares were trading at GBX 3,352.94, up 9.57% on the day. The stock has risen 60.27% over the past year and is up 14.83% year-to-date.