Aim Bulletin
RWS upbeat on first-half revenue growth
By Josh White
Date: Thursday 23 Apr 2026
(Sharecast News) - RWS Holdings said on Thursday that first-half revenue was expected to be about £360m, up around 5% year-on-year, with organic constant currency revenue growth of about 7%, as strength in its Generate and Protect segments offset a decline in Transform while the group continued to reposition that business.
The AIM-traded language and content technology company said Generate delivered strong double-digit organic constant currency growth, helped by additional programmes with existing clients and initial revenue from a new technology client in its TrainAI business.
Protect posted good growth, driven by continued strong performance in Renewals, while Transform declined in line with guidance as RWS pivoted the segment towards technology-first solutions.
Adjusted profit before tax was expected to be about £24m for the six months ended 31 March, up from £18m a year earlier, supported by the group's ongoing efficiency programme.
Cash generation remained strong, with net debt at about £33m at the period end after payment of the £17m final dividend for 2025.
"The group has made good progress during the first half, executing against the strategic priorities outlined at our full-year 2025 results," said chief executive Ben Faes.
"Our performance reflects the initial positive impacts of our new operating model and we have achieved important milestones across our three strategic pillars."
Faes said the group had won new clients across all three segments, including "two significant new logos for our Train AI business, demonstrating clear market traction".
He added that RWS had launched Language Weaver Pro, secured two AI-based patents and continued to improve efficiency by rationalising processes, scaling offshore delivery centres and implementing more optimised workflows.
On 25 March, RWS launched Language Weaver Pro, which it described as the largest dedicated translation model in production.
Developed with Cohere, the product ranked first in 31 of 32 languages in benchmarking tests, according to RWS, outperforming rivals including DeepL and Gemini across sentence- and paragraph-level datasets.
RWS said trading momentum improved in the second quarter and that it expected full-year 2026 performance to be in line with market expectations and existing guidance, with low single-digit revenue growth on an organic constant currency basis, improving profitability and continued strong free cash flow conversion.
The group said it would report half-year results on 11 June.
At 1320 BST, shares in RWS Holdings were up 12.78% at 94.96p.
Reporting by Josh White for Sharecast.com.
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