Diales Group FY update 27 Oct 2026

Diales Group has delivered an outstanding FY trading update. Our FY26 adj. PBT estimate rises by 20% to £1.8m, from £1.5m previously. Adj. EBIT guidance has risen to not less than £1.8m, representing c. 43% growth yoy. The resulting upgrade represents the largest since the Group was reorganised in late 2023 and highlights that the ongoing strategy continues to bear fruit. The UK was the standout performer, driving the uplift in profitability. £1m of cash was received from clients shortly following the year end. Our upgraded FY27 estimates suggest net cash of £4.5 by the year end, equating to 8.5p / share. We have raised our fair value to 43p / share, from 35p previously.