Iomart Group plc
Iomart Group plc is a UK-based provider of secure hybrid cloud services, managed services and infrastructure, operating through three segments: Iomart Cloud Services (managed cloud hosting, colocation and connectivity from owned UK data centres, including the RapidSwitch and Oriium brands), Atech (a Microsoft Solutions Partner delivering public cloud, modern workplace, Microsoft 365, cyber security and managed security services), and Domain & Mass Hosting (Easyspace, Hosting UK and Sonassi brands, serving small/micro business domain registration and mass hosting customers). It serves Enterprise mid-market and SME customers predominantly in the UK, with 86% of FY26 revenue recurring.
FY2026 in sixty seconds
year to 31 Mar 2026 · approved 22 Jun 2026 · 184 pages · Companies House
Iomart Group plc, a UK provider of cloud computing and managed IT services, grew revenue by +8.0% to £154.9m in the year to 31 March 2026. It still made a loss after tax of £9.2m, though this was far smaller than the £55.1m loss the year before.
The previous year's loss was dominated by a one-off £52.9m write-down of goodwill (the value placed on past acquisitions), which was not repeated. Underlying trading was weaker: operating profit before one-off costs and other adjustments, on the company's own measure, fell sharply to £5.2m. The report points to customers leaving its core cloud services, where costs are largely fixed, and a shift towards lower-margin Microsoft-related work.
Cash at the year end was £8.9m against borrowings of £97.5m. Almost nothing was raised from shareholders and no dividend was paid or proposed. After the year end the bank facility was extended to 30 June 2028. Management expects a modest fall in revenue next year, with a softer first half and better profit in the second. The audit opinion was clean and no going-concern doubt was raised, although financing and liquidity was added as a new principal risk.
Recurring contracted cloud managed services (private/hybrid/public cloud) delivered via owned UK data centres
Cloud managed services revenue £66.0m, reduced 8% on lower opening recurring run-rate and churn
page 21Shift towards lower-margin Microsoft-related (Azure/M365) revenue
Increasing weighting towards Microsoft-related services carries a lower margin profile in the short term
page 20Group enters FY27 with a lower level of recurring revenue reflecting elevated churn in final months of FY26; trading expected weighted to H2 with a softer H1 followed by recovery; modest decline in full-year revenue expected but improved profit profile expected in H2, notwithstanding ongoing macroeconomic backdrop
page 9No final dividend recommended for FY26 (2025: nil); current policy is to pay interim and final dividends depending on the level of adjusted diluted earnings per share, but no dividend was paid in the year given trading performance and leverage
page 8312 years on one page · FY2015–FY2026
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
22 figures restated in a later report
Every figure is read again from the following year’s report: 456 confirmed, 9 differ, 22 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2025 | £40.8mFY2025 report | £36.0mFY2026 report | |
| FY2025 | £4.8mFY2025 report | £5.7mFY2026 report | |
| FY2025 | £4.4mFY2025 report | £3.4mFY2026 report | |
| FY2025 | £16.8mFY2025 report | £16.6mFY2026 report | |
| FY2025 | £36.8mFY2025 report | £18.3mFY2026 report |
17 more figures were restated in FY2015 to FY2023, which a free account opens.