\nEndava plc(NYSE: DAVA) (“Endava” or the “Company”) a global provider of digital transformation, agile development and intelligent automation services, today announced results for the three months ended March 31, 2023, the third quarter of its 2023 fiscal year (“Q3 FY2023”).<\/p>\n
\u201cEndava reported another solid quarter for Q3 FY2023 despite the challenging economic environment,\u201d said John Cotterell, Endava’s CEO. “Demand from new and existing clients continued to drive revenue growth in the quarter, leading to a revenue increase of 14.6% in constant currency for Q3 FY2023.\u201d<\/i><\/p>\n
THIRD QUARTER FISCAL YEAR 2023 FINANCIAL HIGHLIGHTS:<\/b><\/p>\n CASH FLOW:<\/b><\/p>\n * Definitions of the non-IFRS measures used by the Company and a reconciliation of such measures to the related IFRS financial measure can be found under the sections below titled \u201cNon-IFRS Financial Information\u201d and \u201cReconciliation of IFRS Financial Measures to Non-IFRS Financial Measures.\u201d<\/i><\/p>\n OTHER METRICS FOR THE QUARTER ENDED MARCH 31, 2023:<\/b><\/p>\n OUTLOOK:<\/b><\/p>\n Fourth Quarter Fiscal Year 2023:<\/b><\/p>\n \nEndava expects revenues will be in the range of \u00a3187.0 million to \u00a3189.0 million, representing constant currency revenue growth between 3.0% and 4.0%. Endava expects adjusted diluted EPS to be in the range of \u00a30.44 to \u00a30.45 per share.<\/p>\n Full Fiscal Year 2023:<\/b><\/p>\n \nEndava expects revenues will be in the range of \u00a3792.0 million to \u00a3794.0 million, representing constant currency growth between 16.0% and 16.5%. Endava expects adjusted diluted EPS to be in the range of \u00a32.15 to \u00a32.16 per share.<\/p>\n \nThis above guidance for Q4 Fiscal Year 2023 and the Full Fiscal Year 2023 assumes the exchange rates on April 30, 2023 (when the exchange rate was 1 British Pound to 1.26 US Dollar and 1.13 Euro).<\/p>\n \nEndava is not able, at this time, to provide an outlook for IFRS diluted EPS for Q4 FY2023 or FY2023 because of the unreasonable effort of estimating on a forward-looking basis certain items that are excluded from adjusted diluted EPS, including, for example, share-based compensation expense, amortisation of acquired intangible assets and foreign currency exchange (gains)\/losses, the effect of which may be significant. Endava is also not able, at this time, to reconcile to an outlook for revenue growth not at constant currency because of the unreasonable effort of estimating foreign currency exchange (gains)\/losses, the effect of which may be significant, on a forward-looking basis.<\/p>\n \nThe guidance provided above is forward-looking in nature. Actual results may differ materially. See the cautionary note regarding \u201cForward-Looking Statements\u201d below.<\/p>\n RECENT BUSINESS HIGHLIGHTS:<\/b><\/p>\n \nOn May 2, 2023, Endava announced the appointment of Patrick Butcher to its Board of Directors.<\/p>\n \nMr. Butcher most recently served as Group Chief Financial Officer of the Headlam Group plc from April 2022 until March 2023. From January 2019 to November 2020, he served as Group Chief Financial Officer at Capita plc. Prior to that, Mr. Butcher served as Chief Financial Officer at various companies including The Go-Ahead Group plc, Network Rail Limited, English and Scottish Railway and Mapeley Limited. Mr. Butcher received his B. Compt. (Hons) in Accounting and Finance from the University of South Africa and is a qualified Chartered Accountant (South Africa).<\/p>\n \nOn May 2, 2023, Endava also announced a number of changes to the executive team, effective July 1, 2023.<\/p>\n \nRob Machin, the Company’s current Chief Operating Officer, will be transitioning off the Endava executive team to focus on Endava’s internal Business Transformation programme, designed to enable the company to scale through 2030. Over the past few years, Endava has been shifting to an industry vertical go to market, which is a significant point of differentiation in client engagements. To further accelerate this shift, Julian Bull, the Company’s current Chief Commercial Officer, will be taking over the role of Chief Operating Officer, and will be responsible for both Sales and Client Delivery to Endava’s industry verticals.<\/p>\n \nIn addition, Matt Cloke will be promoted to the position of Chief Technology Officer, and both he and David Churchill, Endava’s Chief People Officer, who currently reports to Rob Machin, will be joining Endava\u2019s executive team, reporting directly to Endava’s Chief Executive Officer.<\/p>\n \nOn May 10, 2023, Endava announced the acquisition of Mudbath & Co. Pty Ltd, headquartered in Newcastle, Australia (\u201cMudbath\u201d).<\/p>\n \nMudbath is an Australian-based technology firm specialising in strategy, design and engineering services. Mudbath partners with businesses to build new digital solutions, enhance user experiences and accelerate digital transformation programs across enterprise systems, web and mobile products using their proven agile delivery methodology. Mudbath\u2019s clients span broad industry verticals, including retail, mining (and adjacent activities including rail and tools), health, insurance, banking and travel. Mudbath\u2019s employees are based primarily in Newcastle, Sydney and Melbourne, Australia.<\/p>\n CONFERENCE CALL DETAILS:<\/b><\/p>\n \nThe Company will host a conference call at 8:00 am ET today, May 23, 2023, to review its Q3 FY2023 results. To participate in Endava\u2019s Q3 FY2023 earnings conference call, please dial in at least five minutes prior to the scheduled start time (866) 652-5200 or (412) 317-6060 for international participants, Conference ID: Endava Call.<\/p>\n \nInvestors may listen to the call on Endava\u2019s Investor Relations website at http:\/\/investors.Endava.com<\/a>. The webcast will be recorded and available for replay until Thursday, June 22, 2023.<\/p>\n ABOUT ENDAVA PLC:<\/b><\/p>\n \nEndava is reimagining the relationship between people and technology. By leveraging next-generation technologies, its agile, multi-disciplinary teams provide a combination of product & technology strategies, intelligent experiences, and world class engineering to help clients become digital, experience-driven businesses by assisting them in their journey from idea generation to development and deployment of products, platforms and solutions. Endava collaborates with its clients, seamlessly integrating with their teams, catalysing ideation and delivering robust solutions.<\/p>\n \nEndava services clients in Payments and Financial Services, TMT, Consumer Products, Retail, Mobility and Healthcare. As of March 31, 2023, 11,742 Endavans served clients from locations in Asia-Pacific, Middle East, North America and Western Europe and delivery locations in Argentina, Bosnia & Herzegovina, Bulgaria, Colombia, Croatia, Malaysia, Mexico, Moldova, North Macedonia, Poland, Romania, Serbia, Slovenia, Uruguay and Vietnam.<\/p>\n NON-IFRS FINANCIAL INFORMATION:<\/b><\/p>\n \nTo supplement Endava\u2019s Condensed Consolidated Statements of Comprehensive Income, Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows presented in accordance with IFRS, the Company uses non-IFRS measures of certain components of financial performance. These measures include: revenue growth rate at constant currency, adjusted profit before tax, adjusted profit for the period, adjusted diluted EPS and adjusted free cash flow.<\/p>\n \nRevenue growth rate at constant currency is calculated by translating revenue from entities reporting in foreign currencies into British Pounds using the comparable foreign currency exchange rates from the prior period. For example, the average currency rates in effect for the fiscal quarter ended March 31, 2022 were used to convert revenue for the fiscal quarter ended March 31, 2023 and the revenue for the comparable prior period.<\/p>\n \nAdjusted profit before tax (“Adjusted PBT”) is defined as the Company\u2019s profit before tax adjusted to exclude the impact of share-based compensation expense, amortisation of acquired intangible assets, realised and unrealised foreign currency exchange (gains)\/losses, restructuring costs and fair value movement of contingent consideration, all of which are non-cash items except for the restructuring costs and realised foreign currency exchange (gains)\/losses. Adjusted PBT margin is Adjusted PBT as a percentage of total revenue.<\/p>\n \nAdjusted profit for the period is defined as Adjusted PBT together with the tax impact of these adjustments.<\/p>\n \nAdjusted diluted EPS is defined as Adjusted profit for the period, divided by weighted average number of shares outstanding – diluted.<\/p>\n \nAdjusted free cash flow is the Company\u2019s net cash from operating activities, plus grants received, less net purchases of non-current assets (tangible and intangible).<\/p>\n \nManagement believes these measures help illustrate underlying trends in the Company’s business and uses the measures to establish budgets and operational goals, communicated internally and externally, for managing the Company’s business and evaluating its performance. Management also believes the presentation of its non-IFRS financial measures enhances an investor\u2019s overall understanding of the Company\u2019s historical financial performance. The presentation of the Company\u2019s non-IFRS financial measures is not meant to be considered in isolation or as a substitute for the Company\u2019s financial results prepared in accordance with IFRS, and its non-IFRS measures may be different from non-IFRS measures used by other companies. Investors should review the reconciliation of the Company\u2019s non-IFRS financial measures to the comparable IFRS financial measures included below, and not rely on any single financial measure to evaluate the Company\u2019s business.<\/p>\n FORWARD-LOOKING STATEMENTS:<\/b><\/p>\n This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of terms and phrases such as \u201cbelieve,\u201d \u201cexpect,\u201d “outlook,” \u201cmay,\u201d \u201cwill,\u201d and other similar terms and phrases. Such forward-looking statements include, but are not limited to, the statements regarding Endava\u2019s projected financial performance for the fourth fiscal quarter of fiscal year 2023 and the full fiscal year 2023; the perceived impact and effect of macroeconomic conditions on Endava and its customers including the March 2023 banking collapse; expectations of increased demand for Endava offerings in upcoming periods and resulting impact on revenue; the impact that Endava\u2019s management changes will have on the business and its growth; and Endava\u2019s ability to achieve its anticipated growth. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: Endava\u2019s business, results of operations and financial condition may be negatively impacted by the Russia-Ukraine armed conflict or if general economic conditions in Europe, the United States or the global economy continue to worsen, including increased inflation and recent and potential future bank failures; Endava\u2019s ability to retain existing clients and attract new clients, including its ability to increase revenue from existing clients and diversify its revenue concentration; Endava\u2019s ability to attract and retain highly-skilled IT professionals at cost-effective rates; Endava’s ability to penetrate new industry verticals and geographies and grow its revenue in current industry verticals and geographies; Endava\u2019s ability to maintain favorable pricing and utilization rates; Endava\u2019s ability to successfully identify acquisition targets, consummate acquisitions and successfully integrate acquired businesses and personnel; the effects of increased competition as well as innovations by new and existing competitors in its market; Endava\u2019s ability to adapt to technological change and innovate solutions for its clients; Endava\u2019s ability to collect on billed and unbilled receivables from clients; Endava\u2019s ability to effectively manage its international operations, including Endava’s exposure to foreign currency exchange rate fluctuations; Endava\u2019s ability to maintain an effective system of disclosure controls and internal control over financial reporting; and Endava\u2019s future financial performance, including trends in revenue, cost of sales, gross profit, selling, general and administrative expenses, finance income and expense and taxes, as well as other risks and uncertainties discussed in the \u201cRisk Factors\u201d section of Endava’s Annual Report filed with the SEC on October 31, 2022. In addition, the forward-looking statements included in this press release represent Endava\u2019s views and expectations as of the date hereof and are based on information currently available to Endava. Endava anticipates that subsequent events and developments may cause its views to change. Endava specifically disclaims any obligation to update the forward-looking statements in this press release except as required by law. These forward-looking statements should not be relied upon as representing Endava\u2019s views as of any date subsequent to the date hereof.<\/i><\/p>\n CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n REVENUE<\/b><\/p>\n<\/td>\n 604,942<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 474,353<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 203,532<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 169,220<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCost of sales<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Direct cost of sales<\/i><\/p>\n<\/td>\n (381,711<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n (297,384<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n (132,458<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n (108,092<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n<\/tr>\n Allocated cost of sales<\/i><\/p>\n<\/td>\n (18,676<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n (16,797<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n (6,433<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n (5,707<\/i><\/p>\n<\/td>\n )<\/i><\/p>\n<\/td>\n<\/tr>\n \nTotal cost of sales<\/p>\n<\/td>\n \n(400,387<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(314,181<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(138,891<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(113,799<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n GROSS PROFIT<\/b><\/p>\n<\/td>\n 204,555<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 160,172<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 64,641<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 55,421<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSelling, general and administrative expenses<\/p>\n<\/td>\n \n(114,158<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(89,613<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(37,916<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(29,989<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nNet impairment (losses) \/ gains on financial assets<\/p>\n<\/td>\n \n(265<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(1,826<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n3,379<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n OPERATING PROFIT<\/b><\/p>\n<\/td>\n 90,132<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 68,733<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 30,104<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25,418<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet Finance (expense) \/ income<\/p>\n<\/td>\n \n(905<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n1,155<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n284<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n472<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n PROFIT BEFORE TAX<\/b><\/p>\n<\/td>\n 89,227<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 69,888<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 30,388<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25,890<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTax on profit on ordinary activities<\/p>\n<\/td>\n \n(18,122<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(13,834<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(6,030<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(5,787<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n PROFIT FOR THE PERIOD<\/b><\/p>\n<\/td>\n 71,105<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 56,054<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 24,358<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 20,103<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n OTHER COMPREHENSIVE INCOME<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nItems that may be reclassified subsequently to profit or loss:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nExchange differences on translating foreign operations<\/p>\n<\/td>\n \n(3,001<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n1,187<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,824<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n2,715<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT<\/b><\/p>\n<\/td>\n 68,104<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 57,241<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 20,534<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 22,818<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n EARNINGS PER SHARE (EPS):<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average number of shares outstanding – Basic<\/p>\n<\/td>\n \n57,176,428<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n56,135,980<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n57,603,730<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n56,585,768<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted average number of shares outstanding – Diluted<\/p>\n<\/td>\n \n58,070,352<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n57,945,549<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n58,210,601<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n57,999,337<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic EPS (\u00a3)<\/p>\n<\/td>\n \n1.24<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.00<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.42<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.36<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDiluted EPS (\u00a3)<\/p>\n<\/td>\n \n1.22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.97<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.42<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.35<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n March 31, 2023<\/b><\/p>\n<\/td>\n June 30, 2022<\/b><\/p>\n<\/td>\n March 31, 2022(1)<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n ASSETS – NON-CURRENT<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nGoodwill<\/p>\n<\/td>\n \n186,946<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n145,916<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n143,346<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIntangible assets<\/p>\n<\/td>\n \n50,924<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n56,189<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n53,585<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProperty, plant and equipment<\/p>\n<\/td>\n \n26,459<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n21,260<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18,677<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLease right-of-use assets<\/p>\n<\/td>\n \n58,727<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n50,818<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n50,780<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred tax assets<\/p>\n<\/td>\n \n13,515<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,218<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n19,342<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFinancial assets<\/p>\n<\/td>\n \n1,992<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,276<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n189<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL<\/b><\/p>\n<\/td>\n 338,563<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 293,677<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 285,919<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n ASSETS – CURRENT<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTrade and other receivables<\/p>\n<\/td>\n \n183,533<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n162,671<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n159,197<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCorporation tax receivable<\/p>\n<\/td>\n \n678<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,309<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,636<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFinancial assets<\/p>\n<\/td>\n \n136<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n392<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n318<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents<\/p>\n<\/td>\n \n199,200<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n162,806<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n120,407<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL<\/b><\/p>\n<\/td>\n 383,547<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 328,178<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 281,558<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL ASSETS<\/b><\/p>\n<\/td>\n 722,110<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 621,855<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 567,477<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n LIABILITIES – CURRENT<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLease liabilities<\/p>\n<\/td>\n \n13,859<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,898<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,779<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTrade and other payables<\/p>\n<\/td>\n \n92,649<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n98,252<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n88,762<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCorporation tax payable<\/p>\n<\/td>\n \n5,569<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,477<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,333<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nContingent consideration<\/p>\n<\/td>\n \n3,511<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,183<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred consideration<\/p>\n<\/td>\n \n6,538<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,604<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,036<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL<\/b><\/p>\n<\/td>\n 122,126<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 128,414<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 115,924<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n LIABILITIES – NON CURRENT<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLease liabilities<\/p>\n<\/td>\n \n50,193<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n43,999<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n44,036<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nContingent consideration<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n4,331<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,995<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred tax liabilities<\/p>\n<\/td>\n \n10,152<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,826<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,551<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDeferred consideration<\/p>\n<\/td>\n \n1,363<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,062<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,992<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther liabilities<\/p>\n<\/td>\n \n525<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n500<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n191<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL<\/b><\/p>\n<\/td>\n 62,233<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 60,718<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 60,765<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n EQUITY<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShare capital<\/p>\n<\/td>\n \n1,153<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,135<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,134<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShare premium<\/p>\n<\/td>\n \n13,546<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,152<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,605<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nMerger relief reserve<\/p>\n<\/td>\n \n39,976<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,003<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,003<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRetained earnings<\/p>\n<\/td>\n \n491,739<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n398,102<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n363,108<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nOther reserves<\/p>\n<\/td>\n \n(8,515<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(5,514<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(10,907<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nInvestment in own shares<\/p>\n<\/td>\n \n(148<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(155<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(155<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n TOTAL<\/b><\/p>\n<\/td>\n 537,751<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 432,723<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 390,788<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n TOTAL LIABILITIES AND EQUITY<\/b><\/p>\n<\/td>\n 722,110<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 621,855<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 567,477<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n OPERATING ACTIVITIES<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Profit for the period<\/b><\/p>\n<\/td>\n 71,105<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 56,054<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 24,358<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 20,103<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIncome tax charge<\/p>\n<\/td>\n \n18,122<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,834<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,030<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,787<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNon-cash adjustments<\/p>\n<\/td>\n \n40,216<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n46,228<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15,242<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,258<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTax paid<\/p>\n<\/td>\n \n(16,189<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(9,187<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(6,142<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,486<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nNet changes in working capital<\/p>\n<\/td>\n \n(22,063<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(33,322<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(14,428<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(16,926<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Net cash from operating activities<\/b><\/p>\n<\/td>\n 91,191<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 73,607<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25,060<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 18,736<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n INVESTING ACTIVITIES<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPurchase of non-current assets (tangibles and intangibles)<\/p>\n<\/td>\n \n(11,804<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(10,195<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(4,213<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(2,797<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nProceeds from disposal of non-current assets<\/p>\n<\/td>\n \n148<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n241<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n132<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n70<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPayment for acquisition of subsidiary, net of cash acquired<\/p>\n<\/td>\n \n(35,773<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(10,135<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,376<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(9,524<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nInterest received<\/p>\n<\/td>\n \n1,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n65<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,054<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n45<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net cash used in investing activities<\/b><\/p>\n<\/td>\n (45,578<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (20,024<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (6,403<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (12,206<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n FINANCING ACTIVITIES<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProceeds from sublease<\/p>\n<\/td>\n \n325<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n418<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n88<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n141<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nRepayment of lease liabilities<\/p>\n<\/td>\n \n(9,960<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(10,468<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,469<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,345<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nInterest and debt financing costs paid<\/p>\n<\/td>\n \n(3,532<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(695<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(3,109<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(220<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nGrant received<\/p>\n<\/td>\n \n472<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n90<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n252<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nIssue of shares<\/p>\n<\/td>\n \n4,398<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,366<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,132<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,067<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net cash used in financing activities<\/b><\/p>\n<\/td>\n (8,297<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (3,289<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (4,106<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (310<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n Net change in cash and cash equivalents<\/b><\/p>\n<\/td>\n 37,316<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 50,294<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 14,551<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 6,220<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Cash and cash equivalents at the beginning of the period<\/b><\/p>\n<\/td>\n 162,806<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 69,884<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 185,323<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 114,176<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nExchange differences on cash and cash equivalents<\/p>\n<\/td>\n \n(922<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n229<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(674<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n11<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Cash and cash equivalents at the end of the period<\/b><\/p>\n<\/td>\n 199,200<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 120,407<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 199,200<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 120,407<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n RECONCILIATION OF IFRS FINANCIAL MEASURES TO NON-IFRS FINANCIAL MEASURES<\/b><\/p>\n RECONCILIATION OF REVENUE GROWTH RATE AS REPORTED UNDER IFRS TO REVENUE GROWTH RATE AT CONSTANT CURRENCY:<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n REVENUE GROWTH RATE AS REPORTED UNDER IFRS<\/b><\/p>\n<\/td>\n 27.5<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 51.7<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 20.3<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 50.7<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n \nForeign exchange rates impact<\/p>\n<\/td>\n (6.5<\/b><\/p>\n<\/td>\n %)<\/b><\/p>\n<\/td>\n 3.1<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n (5.7<\/b><\/p>\n<\/td>\n %)<\/b><\/p>\n<\/td>\n 0.2<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n REVENUE GROWTH RATE AT CONSTANT CURRENCY<\/b><\/p>\n<\/td>\n 21.0<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 54.8<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 14.6<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 50.9<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n RECONCILIATION OF ADJUSTED PROFIT BEFORE TAX AND ADJUSTED PROFIT FOR THE PERIOD:<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n PROFIT BEFORE TAX<\/b><\/p>\n<\/td>\n 89,227<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 69,888<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 30,388<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25,890<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjustments:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation expense<\/p>\n<\/td>\n \n24,135<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n27,542<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,226<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,626<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAmortisation of acquired intangible assets<\/p>\n<\/td>\n \n9,427<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,746<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,220<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,805<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nForeign currency exchange losses \/ (gains), net<\/p>\n<\/td>\n \n10,030<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,159<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n2,497<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,099<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \nRestructuring costs (2)<\/sup><\/p>\n<\/td>\n \n3,683<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,570<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFair value movement of contingent consideration<\/p>\n<\/td>\n \n(10,650<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,507<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u2014<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Total adjustments<\/b><\/p>\n<\/td>\n 36,625<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 32,129<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 13,006<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 8,332<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n ADJUSTED PROFIT BEFORE TAX<\/b><\/p>\n<\/td>\n 125,852<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 102,017<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 43,394<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 34,222<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n PROFIT FOR THE PERIOD<\/b><\/p>\n<\/td>\n 71,105<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 56,054<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 24,358<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 20,103<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjustments:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAdjustments to profit before tax<\/p>\n<\/td>\n 36,625<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 32,129<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 13,006<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 8,332<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nTax impact of adjustments<\/p>\n<\/td>\n (8,299<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (5,485<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (3,247<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n (508<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n ADJUSTED PROFIT FOR THE PERIOD<\/b><\/p>\n<\/td>\n 99,431<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 82,698<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 34,117<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 27,927<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Diluted EPS (\u00a3)<\/b><\/p>\n<\/td>\n 1.22<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 0.97<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 0.42<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 0.35<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjusted diluted EPS (\u00a3)<\/b><\/p>\n<\/td>\n 1.71<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 1.43<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 0.59<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 0.48<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n RECONCILIATION OF NET CASH FROM OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Net cash from operating activities<\/b><\/p>\n<\/td>\n 91,191<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 73,607<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 25,060<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 18,736<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Adjustments:<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nGrant received<\/p>\n<\/td>\n \n472<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n90<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n252<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n47<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNet purchase of non-current assets (tangibles and intangibles)<\/p>\n<\/td>\n \n(11,656<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(9,954<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(4,081<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n(2,727<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n Adjusted Free cash flow<\/b><\/p>\n<\/td>\n 80,007<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 63,743<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 21,231<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 16,056<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n SUPPLEMENTARY INFORMATION<\/b><\/p>\n SHARE-BASED COMPENSATION EXPENSE<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDirect cost of sales<\/p>\n<\/td>\n \n15,996<\/p>\n<\/td>\n \n17,020<\/p>\n<\/td>\n \n5,699<\/p>\n<\/td>\n \n4,345<\/p>\n<\/td>\n<\/tr>\n \nSelling, general and administrative expenses<\/p>\n<\/td>\n \n8,139<\/p>\n<\/td>\n \n10,522<\/p>\n<\/td>\n \n2,527<\/p>\n<\/td>\n \n2,281<\/p>\n<\/td>\n<\/tr>\n Total<\/b><\/p>\n<\/td>\n 24,135<\/b><\/p>\n<\/td>\n 27,542<\/b><\/p>\n<\/td>\n 8,226<\/b><\/p>\n<\/td>\n 6,626<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n DEPRECIATION AND AMORTISATION<\/b><\/p>\n \n\u00a0<\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n \u00a3\u2019000<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDirect cost of sales<\/p>\n<\/td>\n \n13,242<\/p>\n<\/td>\n \n12,171<\/p>\n<\/td>\n \n4,616<\/p>\n<\/td>\n \n4,147<\/p>\n<\/td>\n<\/tr>\n \nSelling, general and administrative expenses<\/p>\n<\/td>\n \n11,406<\/p>\n<\/td>\n \n9,554<\/p>\n<\/td>\n \n3,945<\/p>\n<\/td>\n \n3,392<\/p>\n<\/td>\n<\/tr>\n Total<\/b><\/p>\n<\/td>\n 24,648<\/b><\/p>\n<\/td>\n 21,725<\/b><\/p>\n<\/td>\n 8,561<\/b><\/p>\n<\/td>\n 7,539<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n EMPLOYEES, TOP 10 CUSTOMERS AND REVENUE SPLIT<\/b><\/p>\n Six Months Ended December 31<\/b><\/p>\n<\/td>\n Nine Months Ended Three Months Ended \n\u00a0<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n 2022<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Closing number of total employees (including directors)<\/b><\/p>\n<\/td>\n 11,742<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 11,001<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 11,742<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n 11,001<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAverage operational employees<\/p>\n<\/td>\n \n10,960<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,167<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,818<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Top 10 customers %<\/b><\/p>\n<\/td>\n 33<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 35<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 33<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n 35<\/b><\/p>\n<\/td>\n %<\/b><\/p>\n<\/td>\n<\/tr>\n \nNumber of clients with > \u00a31m of revenue<\/p>\n \n(rolling 12 months)<\/p>\n<\/td>\n \n155<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n118<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n155<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n118<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n Geographic split of revenue %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nNorth America<\/p>\n<\/td>\n \n33<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n35<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n32<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n33<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nEurope<\/p>\n<\/td>\n \n23<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n24<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nUK<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n41<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n38<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n43<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nRest of World (RoW)<\/p>\n<\/td>\n \n5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n Industry vertical split of revenue %<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPayments and Financial Services<\/p>\n<\/td>\n \n52<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n51<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n53<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n51<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nTMT<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n25<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n21<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n25<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \nOther<\/p>\n<\/td>\n \n26<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n24<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n26<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n24<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n FOOTNOTES<\/b><\/p>\n \n(1) The Condensed Consolidated Balance Sheet as of March 31, 2022 has been restated to include the effects of IFRIC agenda decision on cloud configuration and customisation costs and to include the effect of revisions arising from provisional to final acquisition accounting for Five and Levvel (refer to note 3C from Endava’s Annual Report on Form 20-F for the fiscal year ended June 30, 2022 for further details).<\/p>\n \n(2) Management has decided to exclude the impact of restructuring costs from profit before tax, costs which are one-off in nature. Restructuring costs of \u00a33.7 million for the nine months ended March 31, 2023 include \u00a31.1 million in costs related to the three months ended December 31, 2022.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230522005588\/en\/<\/a><\/span><\/p>\n\n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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March 31<\/b><\/p>\n<\/td>\n\n
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March 31<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n