Onnec nears £200m benchmark in full-year results
Rising customer demand and contract wins fuelled the firm’s top line
Onnec has reported a sharp rise in revenue for the year ended 31 December 2025, driven by demand from hyperscalers and financial services customers.
Turnover leapt 41.3 per cent to £193m, up from £136.6m the previous year.
Gross profit increased to £49m, a nearly 60 per cent jump from £30.7m.
Adjusted EBITDA climbed to £21.9m, compared with £7.2m in 2024.
Momentum was reportedly driven by rising demand for datacentre infrastructure, particularly from hyperscale customers investing in AI, IoT and high-speed networks.
Financial services clients also continued to increase investment in technology, contributing to revenue growth.
Good performance across all geographies
The UK-based business saw increased volumes during the year.
To evolve operations in the country, the organisation appointed Claire Keelan as its first-ever UK MD in July.
In an interview with CRN, Keelan said the region represents 80 per cent of the group’s total earnings, followed by Ireland, the Nordics and Asia.
She also added that the group was on a “baffling” growth trajectory, evolving 30 to 40 per cent year-on-year.
In terms of international operations, the US and Germany have continued to generate profits.
The Nordics, APAC, the Netherlands and Spain reportedly experienced high-volume growth thanks to major contract deals.
Onnec also made various leadership changes in 2025 across Ireland, Norway and the US.
Market changes and risks
The group highlighted strong underlying demand for datacentre and connectivity services, but noted that competition remains intense, particularly from both large global players and smaller local providers.
It also flagged ongoing challenges around attracting and retaining skilled staff as a key operational risk.
International expansion and organic plans
The VAR said international expansion remains a key long-term priority, supported by demand from global hyperscalers and multinational financial institutions.
Onnec operates across a broad geographic footprint, including the UK, Europe, APAC and the US, and said it intends to continue expanding its presence in overseas markets.
The company added that it will complement organic growth with targeted acquisitions to expand both technical capabilities and geographic reach.
It also expects continued growth, supported by sustained investment from hyperscalers and increasing demand for infrastructure services and said it remains confident in its strategy and expects to build on its market position as it scales its international operations.