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LONDON - Newmark Security plc (AIM:NWT) announced Wednesday it expects to report strong revenue growth for the six months ending October 31, 2025, with profitability improving as the company responds to an open letter from major shareholder Thalassa Holdings Ltd.
The electronic and physical security systems provider reported its Human Capital Management (HCM) annualized recurring revenue has increased 36% year-on-year to £3.8 million as of September 2025, compared to £2.8 million in September 2024.
Newmark's physical security business, Safetell, has recovered from delayed installation contracts last year, with some contracts fulfilled during the current first half and others expected to be completed during the remainder of the financial year.
"Our growth strategy is delivering for our shareholders and this is evident in the momentum building within our core business," said Marie-Claire Dwek, CEO of Newmark Security. "With revenue and profit weighted to the second half, we are excited by the current outlook."
The company also noted it has made progress with its direct-to-end-user strategy in North America, with the sales order book building. Its recently launched GT Tablet workforce management solution is generating customer interest with initial orders being placed.
Newmark acknowledged the open letter from Thalassa Holdings, which holds a 21.3% stake in the company, stating it does not accept several claims made in the letter but continues to offer opportunities for constructive discussions with shareholders.
The company revealed it is conducting a strategic review of Safetell, with a cost reduction program already underway. Newmark is also planning to reshape its board composition, including the addition of at least one new independent non-executive director.
The company will provide further updates on its operational performance in an AGM statement scheduled for October 23, 2025, according to the press release statement.
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