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Northamber returns to profit as NUC deal boosts unified communications scale

Story Highlights
  • Northamber grew first-half revenue and gross profit, returned to positive EBITDA, and maintained a strong, asset-backed balance sheet while holding cost growth below margin gains.
  • The group deepened its focus on AV, unified communications and cyber security, expanded its European reach, and bolstered scale with the NUC acquisition, supporting expectations for a stronger second half.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Northamber returns to profit as NUC deal boosts unified communications scale

Meet Samuel – Your Personal Investing Prophet

Northamber ( (GB:NAR) ) has issued an announcement.

Northamber reported a 22% rise in half-year revenue to £39.4m and a 14% increase in gross profit to £5.9m, returning to positive unadjusted EBITDA of £210,000 as cost growth was contained at 8%. The group maintained tight working capital discipline, modest leverage and a strong asset-backed balance sheet, while proposing an unchanged interim dividend of 0.3p.

Strategically, the company accelerated its shift toward higher-margin AV, UC and cyber security solutions and expanded its European footprint, with about a third of sales now outside the UK. The December acquisition of NUC Distribution significantly strengthens its unified communications platform and scale, and together with prior cost actions and growing services and cloud subscription revenues, underpins management’s expectation of a materially stronger second half and improving long-term returns.

The most recent analyst rating on (GB:NAR) stock is a Hold with a £33.00 price target. To see the full list of analyst forecasts on Northamber stock, see the GB:NAR Stock Forecast page.

Spark’s Take on NAR Stock

According to Spark, TipRanks’ AI Analyst, NAR is a Neutral.

The score is held back primarily by weak financial performance (widening losses and declining equity) despite a debt-free balance sheet and improved FY2025 cash flow. Technicals are mildly supportive with price above key long-term averages, while valuation is constrained by losses; the recent acquisition is a positive strategic catalyst but not enough to outweigh profitability concerns.

To see Spark’s full report on NAR stock, click here.

More about Northamber

Northamber PLC is a technology distributor focused on higher-value audio visual, unified communications, cyber security and network infrastructure solutions. The group is evolving from a predominantly UK-focused operator into a more geographically diversified European distributor, with roughly a third of sales now generated in Ireland and the Benelux, and an increasing emphasis on in-house services and recurring revenue streams.

Average Trading Volume: 6,451

Technical Sentiment Signal: Strong Sell

Current Market Cap: £7.86M

For a thorough assessment of NAR stock, go to TipRanks’ Stock Analysis page.

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