Kromek Group
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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.
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H2 2026 (Q&A) earnings summary21 Sep, 2026

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.

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Frequently asked questions

Kromek Group plc is an international technology group specializing in the development, manufacture, and marketing of radiation detection solutions. The company's core technology is based on Cadmium Zinc Telluride (CZT), a semiconductor material that allows for high-resolution radiation detection. Kromek's products find applications across a diverse set of markets including medical imaging, civil nuclear, security screening, and homeland security. Their product portfolio is designed to enhance safety and security by enabling the detection of radiological and biological threats, as well as improving medical diagnostics through advanced imaging technologies. Kromek's offerings include hardware and software components for radiation detectors and comprehensive detection systems. These systems are used in various applications ranging from environmental monitoring and power plant safety to medical diagnostics and security. The company is headquartered in Sedgefield, England, and its shares are listed on the London Stock Exchange.