Logotype for Cohort PLC

Cohort (CHRT) investor relations material

Cohort H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Cohort PLC
H2 2025 earnings summary18 Jul, 2025

Executive summary

  • Achieved record revenue of £270.0m, up 33% year-over-year, and record adjusted operating profit of £27.5m, up 30%, reflecting strong business momentum and successful integration of acquisitions.

  • Adjusted EPS rose 27% to 54.44p, exceeding expectations.

  • Order book reached a record £616.4m, providing strong visibility out to 2037 and covering 79% of expected revenue for the year.

  • Robust operating cash flow of £51.2m and net funds of £5.3m at year-end, supported by effective working capital management.

  • Dividend increased by 10% to 16.3p, marking the fifth consecutive year of growth.

Financial highlights

  • Revenue grew 33% to £270.0m; adjusted operating profit up 30% to £27.5m; adjusted EPS up 27%.

  • Operating cash flow more than doubled to £51.2m.

  • Net margin slightly declined from 10.4% to 10.2%, expected to rebound above 11% next year.

  • Net funds decreased to £5.3m from £23.1m due to acquisitions and capex, but projected to improve to £10–15m by April 2026.

  • Total dividend up 10% to 16.3p.

Outlook and guidance

  • Order book at year-end is the strongest ever, with 85% revenue cover for the current year and a 19% year-over-year increase.

  • Book-to-bill ratio above one, supporting continued revenue and profit growth expectations and improved EPS.

  • Net margin expected to improve to over 11% in 2025/26.

  • Market demand remains robust due to heightened geopolitical tensions and increased defense spending in Europe, Japan, and Australia.

  • Multiple opportunities identified across all divisions, especially in NATO and Asia-Pacific markets.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Cohort earnings date

Logotype for Cohort PLC
H1 202610 Dec, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Cohort earnings date

Logotype for Cohort PLC
H1 202610 Dec, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Cohort PLC is a UK-based defense and security company that provides technology solutions, products, and services to government and industry clients. The company operates through a group of subsidiaries, each specializing in areas such as electronic warfare, cybersecurity, military communications, simulation, and systems engineering. Cohort serves armed forces, intelligence agencies, and other defense-related organizations, primarily in the UK and international markets. The company is headquartered in Reading, United Kingdom, and its shares are listed on the AIM.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage