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Kromek Group (KMK) investor relations material
Kromek Group H2 2026 (Q&A) earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for FY 2027 is expected to be GBP 30.3 million, in line with market consensus from two brokers.
Midterm revenue target is GBP 60 million by 2030/2031, with continued growth anticipated beyond that period.
Growth is driven by both Advanced Imaging (notably SPECT and CT) and CBRN segments, with new customer ramp-up and geographic expansion.
The Siemens enablement agreement has transformed the financial outlook, validated IP, and strengthened OEM relationships.
Financial highlights
FY 2027 revenue guidance is GBP 30.3 million, with Advanced Imaging and CBRN both contributing to growth.
High-margin licensing revenue declined from GBP 16.5 million to GBP 10 million year-over-year to April 2026, impacting EBIT and return on capital employed.
Underlying business margins are being maintained or improved, with tight control on overheads.
Cash at April 2026 was GBP 4.2 million, with GBP 5.7 million debt; GBP 2 million of debt repaid shortly after year-end.
Outlook and guidance
Confident in delivering FY 2027 revenue of GBP 30.3 million.
Midterm target of GBP 60 million revenue and 30% EBITDA margin by 2030/2031, with further growth expected.
EBITDA margin expected to be maintained as revenue grows.
Free cash flow is not expected to be positive in FY 2027 due to increased working capital needs in Advanced Imaging.
Sufficient working capital facilities are in place to support growth without further shareholder dilution.
- Strong revenue growth and profit, with robust outlook across advanced imaging, CBRN, and biosecurity.KMK
H2 2026 Pre-Recorded - FY26 revenues and PBT in line with expectations, with strong growth in both core divisions.KMK
H2 2026 TU - Profitability and margin growth achieved as revenue hit £15.0m, targeting £60m and 30% EBITDA.KMK
H1 2026 - Siemens deal, rising margins, and strong contracts underpin profitable growth and ambitious targets.KMK
H2 2025 - FY25 brings >30% revenue growth, first positive PBT, and ambitious midterm financial targets.KMK
CMD Q&A 2025 - FY25 marks a shift to profitability and >30% revenue growth, targeting >£60M revenue midterm.KMK
CMD 2025 - Record revenue, positive EBITDA, and strong contract wins drive confident growth outlook.KMK
H2 2024 - FY 2025 revenue and profit to exceed expectations, underpinned by strategic partnerships.KMK
Trading Update - Siemens Healthineers deal and margin gains set the stage for profitability in FY 2025.KMK
H1 2025
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