An impressive revenue increase of 179% was recorded by People Cert for the first quarter of 2026, reaching approximately 80 million euros, according to what the Chairman and Chief Executive Officer of PeopleCert, Vyron Nikolaidis, stated during a recent meeting he had with journalists in Istanbul.
At the same time, the company is preparing to soon launch an AI Governance certificate, while it has already started the process of creating a Global University of Applied Skills.
It is recalled that PeopleCert completed a few months ago the acquisition of City & Guilds, an organization with 148 years of history and a leading position in professional and technical certifications in the United Kingdom. As Mr. Nikolaidis said, after the acquisition the company’s workforce now amounts to 2,500 full-time employees, while another 3,000 people are employed on a part-time basis.
As regards PeopleCert’s annual financial figures, during the period ending on 31 March 2026, revenue amounted to £67.3 million, marking an increase of 179.3% compared to the corresponding period last year. EBITDA amounted to £16.4 million, up by 33.7%, while adjusted EBITDA stood at £17.8 million, recording an increase of 43.7%. At the same time, EBIT increased by 20.5% to £10 million, while adjusted EBIT amounted to £11.4 million, strengthened by 35.3%. Profit before tax (PBT) stood at £8.1 million, compared with just £0.4 million in the corresponding period of 2025, while net financial debt decreased to £276 million, from £286 million at the end of 2025.
AI Governance certificate is coming
Speaking about Artificial Intelligence and the changes it brings at the organizational level, Mr. Nikolaidis pointed out that AI tools are radically changing the way they operate, while one of the most important issues arising in this context is their governance (AI governance).
For her part, the Group’s Chief Corporate Development Officer, Eleni Nikolaidou, noted that today only 20% of Artificial Intelligence projects launched by organizations manage to generate return on investment (Return On Investment), a fact which, as she mentioned, is due to the lack of effective AI governance. On the other hand, according to her, employees who possess skills in Artificial Intelligence and list them on their CV earn on average 20% higher pay.
Consequently, as Mr. Nikolaidis revealed, the company is preparing to launch an ITIL AI Governance certificate regarding how governance is regulated within a company with AI. According to Eleni Nikolaidou, it will be released during the summer. Late July, early August.
Finally, in response to a question about the possible listing of the company on the Stock Exchange, Mr. Nikolaidis replied that it is not in the company’s immediate plans.
“We are always ready as an organization. We comply with all international standards. We are listed on the bond market. So far we have judged that we have no reason to go to an equity market. That does not mean we rule it out. We will evaluate the data,” he stated characteristically.