Cyba Plc (CYBA.L), formerly Narf Industries Plc, operates as a cash shell focused on acquiring companies or assets in the cybersecurity sector; it provides other information technology service activities including threat intelligence, software-as-a-service (SaaS) solutions for threat detection, and incident response services targeting US governmental agencies and large corporates. The company offers core products such as proprietary software for computer security research and threat neutralization, developed through its planned acquisition of Narf Industries LLC and Narf Industries PR LLC for US$25.6 million in total consideration. It also pursues complementary targets like Swarm Industries Inc. and Swarm Technologies Inc., with an exclusivity extension to September 2021.
Incorporated in 2018 as GCQC Plc and headquartered at 5 Fleet Place, London EC4M 7RD, Cyba Plc listed on the Standard Listing segment of the London Stock Exchange's Main Market in March 2021 following a placing of ordinary shares. The company maintains operations in the UK with a strategic emphasis on US markets through its acquisition pipeline, serving government and enterprise clients in threat intelligence and cybersecurity.
In recent developments, Cyba Plc signed binding heads of terms on June 8, 2021, to acquire Narf Industries, including a US$2.0 million deposit to sellers, positioning it as an umbrella for further cybersecurity consolidations; it also completed a £2 million placing of 100 million ordinary shares at 2p each on May 13, 2021. No revenue has been generated to date, with focus on funding acquisitions through equity raises totaling approximately £5.8 million since inception; the latest accounts cover the period to March 31, 2025, reflecting ongoing pre-revenue status and negative financial metrics including a P/E ratio of -0.18 and ROE of -161.27% as of October 2025. The company reports £2.4 million in cash as of mid-2021 to support working capital and transaction costs.