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SDI Group (SDI) investor relations material

SDI Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary3 Dec, 2025

Executive summary

  • Achieved 10% revenue growth in H1 FY26, driven by 3% organic and 7% acquisition gains, with a resilient business model and expanded management team.

  • Maintained a diversified portfolio across 17 businesses and 19 global locations, focusing on high-growth scientific niche markets.

  • Continued to execute a compounding growth strategy, balancing organic expansion with earnings-enhancing acquisitions.

  • Refined strategy focused on organic growth, collaboration, and value-enhancing acquisitions, with improved order intake in H2 FY25.

  • Portfolio diversification offset challenges in life sciences and biomedical markets, with improved performance in other sectors.

Financial highlights

  • Group revenue exceeded GBP 66 million in FY25, with H1 FY26 revenue up 10.1% to £34.0m and FY26 guidance around GBP 75 million.

  • Adjusted operating profit increased 17.7% to £4.6m; adjusted PBT up 21.7% to £3.8m; adjusted diluted EPS up 16.9% to 2.77p.

  • Net operating margins improved from 12.6% to 13.5% year-over-year; gross profit margin rose by 100 bps to 66.3% (materials only).

  • Net debt increased to GBP 18 million, mainly due to the Severn Thermal acquisition; net debt to EBITDA at 1.3x.

  • Cash generated from operations was GBP 4.2 million, down from GBP 4.7 million, due to inventory build-up.

Outlook and guidance

  • Strategy remains focused on organic growth through new product development, synergies, and operational excellence, alongside high-quality acquisitions.

  • Confident in delivering FY26 results in line with market guidance, with a second-half bias due to contract timings.

  • Long-term organic growth target remains 5%-8%; robust pipeline of acquisition opportunities and capacity to execute further deals.

  • Order intake significantly up compared to H2 FY24, supporting full-year profit expectations.

Quantify R&D credit regime impact on tax rate
Provide examples of recent synergy achievements
InspecVision's pro-forma H1 revenue and profit
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Frequently asked questions

SDI Group plc designs and manufactures scientific and technology products for imaging, sensing, and control applications. The company operates a portfolio of businesses serving life sciences, healthcare, and industrial sectors with specialized instruments and equipment. The company is headquartered in Cambridge, United Kingdom, and its shares are listed on the LSE.

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