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Shearwater ( (GB:SWG) ) just unveiled an update.
Shearwater Group reported a 31% rise in interim revenue to £14.0m for the six months to 31 December 2025, driven largely by 37% growth in its Services business, which now contributes 92% of total sales. Adjusted EBITDA was flat at breakeven, but administrative expenses fell 6% as prior-year restructuring and cost-reduction measures took effect, while cash was temporarily lower at £2.2m due to project timing.
Operationally, the group secured material contract wins and extensions with major telecoms, financial institutions and UK government departments, including a £7.3m mobile operator extension and a post-period £9m renewal with a global bank. With a new chair in place, a strong sales pipeline, and margin improvement expected from new solutions in the seasonally stronger second half, the board reiterated confidence in meeting full-year market expectations amid robust growth in the wider cybersecurity market.
The most recent analyst rating on (GB:SWG) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on Shearwater stock, see the GB:SWG Stock Forecast page.
Spark’s Take on SWG Stock
According to Spark, TipRanks’ AI Analyst, SWG is a Neutral.
The score is driven primarily by weak financial quality—loss-making operations and declining/free cash flow despite strong revenue growth—partly offset by supportive short-term technical momentum (price above 20/50 DMA and positive MACD). Valuation is also constrained by the loss-driven negative P/E and no dividend yield data.
To see Spark’s full report on SWG stock, click here.
More about Shearwater
Shearwater Group plc is a UK-headquartered cybersecurity specialist providing cyber security, managed security and professional advisory services to organisations worldwide. Its full-service offering spans identity and access management, data security, cybersecurity solutions, managed security services and security governance, risk and compliance, with a focus on blue-chip and highly regulated sectors.
Average Trading Volume: 46,560
Technical Sentiment Signal: Sell
Current Market Cap: £10.01M
For detailed information about SWG stock, go to TipRanks’ Stock Analysis page.

