Published: June 2, 2026 at 8:01 am
GB Group plc has written down the value of its US business segment by around £90 million in its latest annual results.
The Cheshire-based identity solutions business recorded a small increase in revenue for the year ended 31st March 2026 but the writedown saw it swing to a huge loss on a statutory basis.
Revenue was £285m, up from £282.7m; but losses before tax were £74.5m, compared with a £15.7m profit in the previous year.