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Netcall lifts cloud and AI growth as Jadu deal boosts first-half momentum

Story Highlights
  • Netcall delivered 15% first-half revenue growth to £26.5m, powered by expanding cloud subscriptions, higher recurring revenue and improved profitability, as total ACV reached £50.5m.
  • AI adoption and customer expansion drove a 42% jump in cloud ACV and 115% net retention, while the Jadu acquisition strengthened Netcall’s public-sector reach, US access and growth outlook for FY26.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Netcall lifts cloud and AI growth as Jadu deal boosts first-half momentum

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Netcall ( (GB:NET) ).

Netcall reported a strong first half to 31 December 2025, with revenue up 15% to £26.5m, driven by 11% organic growth and an initial contribution from the December acquisition of Jadu. Cloud services led the performance, with cloud revenue up 34%, cloud annual contract value rising 42% to £42.6m and total ACV reaching £50.5m, while recurring revenue increased to 83% of the total and adjusted EBITDA grew 13% to £6.5m despite lower statutory pre-tax profit.

The group highlighted accelerating adoption of AI across its Liberty platform, with AI-related bookings more than tripling and strong expansion within its customer base delivering a cloud net retention rate of 115%. The Jadu deal broadens Netcall’s digital experience and AI capabilities and deepens its reach in UK local government and into the US via partners, while the debt-free company retains £14.8m of cash, a record £92.4m contracted order book and a strong pipeline underpinning management’s confidence in continued growth in FY26.

The most recent analyst rating on (GB:NET) stock is a Buy with a £120.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.

Spark’s Take on GB:NET Stock

According to Spark, TipRanks’ AI Analyst, GB:NET is a Neutral.

The score is driven primarily by solid financial performance (strong growth, high margins, and minimal leverage), partially offset by weakening net income and free-cash-flow growth. Technically, the uptrend is strong but conditions are extremely overbought, raising near-term risk. Valuation is the largest headwind due to the very high P/E and low yield.

To see Spark’s full report on GB:NET stock, click here.

More about Netcall

Netcall is a UK-based enterprise software group listed on AIM that combines automation and customer engagement in its AI-powered Liberty platform. The company focuses on digitising processes and simplifying interactions for around 700 organisations across healthcare, government and financial services, including two-thirds of NHS acute trusts, half of UK local authorities and major financial groups such as Legal & General, Baloise and Santander.

Average Trading Volume: 344,082

Technical Sentiment Signal: Buy

Current Market Cap: £184.1M

For detailed information about NET stock, go to TipRanks’ Stock Analysis page.

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