Endava to Restate FY2026 Results After Accounting Investigation

A direct company update states that an Audit Committee investigation found certain fiscal 2026 customer-supplier arrangements lacked economic substance or were accounted for as a single arrangement, making associated revenue-recognition and balance-sheet entries noncompliant with accounting standards. Endava will restate its previously reported fiscal 2026 results, preliminarily estimates revenue adjustments equal to approximately 2%-4% of prior fiscal 2025 revenue, expects non-cash balance-sheet adjustments that reduce adjusted profit before tax, withdrew previously issued FY2026 guidance, and expects one or more material weaknesses in internal control over financial reporting. This is a material, forward-looking issuer-specific financial-reporting development, appropriately classified as business_performance. The escalation was not wholly unexpected because an accounting investigation was previously disclosed, so surprise is high but below the maximum. The announcement date is explicit, but the exact occurrence time is not; the timestamp is therefore normalized to the start of October 28, 2026. Endava is the only approved stakeholder because the potential effects on other companies are speculative and no event-specific engagements are disclosed. The development is a continuation of Event 5728 and is not a duplicate of the earlier securities class-action development.