Gattaca – next Tuesday’s results should see shares improve, now 104p, brokers TP 160p

Mark Watson-Mitchell – 17.03.2026

Next Tuesday, 24^th March, Gattaca (LON:GATC) will be declaring its Interim Results for the six months to end-January this year.

Capitalised at £32m, I believe that the specialist staffing solutions business will announce a promising set of half-time figures, which should help to point towards a higher share price than the current 104p.

The Business

For over 42 years, Gattaca has been helping clients across the world grow by solving their biggest talent challenges.

Based in Fareham, Hampshire, with some 386 employees, Gattaca has been at the heart of industries where precision, resilience, and expertise matter most.

It does not just deliver people, but it also delivers solutions – building the capability businesses need to thrive and creating the opportunities people need to grow.

As a human capital resources business, it provides contract and permanent recruitment services in the private and public sectors.

Its segments include Mobility, Energy, Defence, Technology, Media and Telecoms, Infrastructure, Gattaca Projects, International and Other.

Gattaca offers a range of recruitment solutions, such as workforce solutions, technical recruitment services, engineering and technology services, employer branding services, workforce insights, events, and resources, and IR35 solutions.

Its workforce solutions create flexible, permanent and total workforce solutions, tailored to the engineering and technology markets.

It also provides a range of engineering and technology services to support clients’ needs, from engineering design services to analysis.

The group serves various markets, such as aerospace, automotive, defence, and banking and financial services.

Latest Trading Update

On Wednesday, 11^th February, the group released a Trading Update for its first-half year.

It reported a strong first half for the six months to end-January this year, with total Net Fee Income (NFI) expected to reach £21.2m, a year-on-year increase.

Like-for-like NFI grew by 7% to £20.2m, driven by a 13% rise in contract NFI, while permanent fees saw a 2% increase.

Statement of Work NFI declined due to timing delays, and total sales headcount reduced by 6%.

The company stated that it expects to report statutory net cash of £13.0m at the end of that period, reflecting working capital changes, acquisition costs for InfoSec People, and dividend payments.

For the full fiscal year to end-July 2026, the group forecasts adjusted profit before tax of £4.5m.

Furthermore, it plans to increase its sales headcount by 10%.

Management Comment

CEO Matthew Wragg stated that:

"I am pleased to see our positive momentum continue to build and to report that the Group is trading ahead of expectations.

Our strategic investments in growth opportunities are delivering and we have the majority of our sectors experiencing year on year growth.

The InfoSec team have performed well and enhanced the Group's cyber capability contributing positively to contract momentum during the period and was fully integrated in the Group's systems during H1.

With a strengthened technology platform, growing customer base and improving operational efficiency, I remain confident in the Group's ability to deliver sustainable growth."

The Equity

There are some 31,532,686 shares in issue.

Larger holders include George Materna, founder and former Director (25.62%), MMGG Acquisition Ltd (22.81%), Paul Raine (5.65%), Hargreaves Lansdown Asset Management (4.19%), Chelverton Asset Management (3.92%), Interactive Investor Services (3.65%), Matchtech Group SIP (3.16%), Hargreaves Lansdown Fund Managers (1.39%), Seven Investment Management (0.62%), HSBC Global Asset Management (0.57%), IG Markets (0.51%), Zenito Oy (0.16%) and JM Finn & Co (0.11%).

Broker’s View

Analysts Sanjay Vidyarthi and Joe Brent, at Panmure Liberum, have a Buy note out on the company, with a recently increased Target Price of 160p (115p).

They take the view that:

“Gattaca continues to outperform versus peers with strong H1 trading leading to a 12% increase to our FY26E adj. PBT forecast.

We think that Gattaca’s markets remain difficult, but self-help initiatives are driving productivity and margin.

There will be significant further upside to come when markets do actually recover.

The balance sheet remains strong and Gattaca is well-positioned to drive growth through further organic investment as well as bolt-on acquisitions.”

Following the recent Trading Update, the analysts upped their 2026 estimates by 12% to £4.5m.

For the year to end-July, they look for group Net Fee Income to rise to £42.3m (£38.8m), while pre-tax profits could rise to £4.5m (£3.3m), lifting earnings to 9.2p (7.6p) and paying an increased dividend of 4.0p (3.0p) per share.

For the year ahead, they see £44.7m NFI, with £6.0m profits, earnings of 12.4p and issuing a 6.0p per share dividend.

My View

It looks as though the Gattaca story is getting a great deal better, despite very challenging employment markets.

On the basis of broker estimates, this group’s shares, which have been up to 132p in the last year, now at 104p look to be well worth tucking a few away.

Next Tuesday’s Interims will help to paint the picture.

(Profile 16.03.26 @ 104p set a Target Price of 125p)