Northcoders Group PLC Reports Stable Profitability Amid Revenue Decline

Northcoders Group PLC ( (GB:CODE) ) has provided an update.

Northcoders Group PLC reported interim results for the first half of 2025, showing a decline in revenue to £3.7 million compared to the previous year, but maintaining a stable gross margin of 67%. Despite challenges in UK Government funding for B2C operations, the company achieved stable profitability and expanded its B2B consultancy contracts. The company launched a new AI and data course and secured funding for training bootcamps, while also receiving an ‘Outstanding’ rating from OFSTED. Looking ahead, Northcoders anticipates a weaker second half of 2025 due to regional funding delays but remains confident in its strong cash position and ability to adapt, aiming for growth and profitability in 2026.

The most recent analyst rating on (GB:CODE) stock is a Hold with a £36.00 price target. To see the full list of analyst forecasts on Northcoders Group PLC stock, see the GB:CODE Stock Forecast page.

Spark’s Take on GB:CODE Stock

According to Spark, TipRanks’ AI Analyst, GB:CODE is a Neutral.

The overall stock score is driven by strong financial performance and attractive valuation. However, technical indicators suggest a bearish trend, which weighs down the score. The lack of earnings call data and corporate events limits additional insights.

To see Spark’s full report on GB:CODE stock, click here.

More about Northcoders Group PLC

Northcoders Group PLC is a leading UK technology training business, specializing in providing education and consultancy services to enhance digital skills. The company operates in the technology sector with a focus on training and consultancy services, serving both business-to-business (B2B) and business-to-consumer (B2C) markets.

Average Trading Volume: 25,157

Technical Sentiment Signal: Sell

Current Market Cap: £2.56M

For an in-depth examination of CODE stock, go to TipRanks’ Overview page.