Calnex Solutions (CLX) H2 2026 TU earnings summary

Executive summary

• Achieved double-digit revenue growth and improved profitability in FY26, trading slightly ahead of market expectations.

• Diversified product offering and strengthened sales & marketing team support a confident outlook for FY27 and FY28.

• Continued investment in long-term strategy, with targeted product launches and market development planned.

Financial highlights

• Revenue increased by approximately 19% to £21.9m in FY26 compared to £18.4m in FY25.

• Gross margins remained strong, contributing to improved profitability.

• Cash balance at 31 March 2026 was £9.3m, with an additional c£3m in customer receipts expected early FY27.

Outlook and guidance

• Confident in continued growth for FY27 and FY28, underpinned by diversification and new product launches.

• FY27 will focus on targeted investment in key products and customer relationships to drive future growth.

• Anticipates accelerated growth in FY28 as new initiatives are commercialized.