Concurrent Technologies (CNC) H1 2025 TU earnings summary

Executive summary

• Record H1 FY25 results with revenue of approximately £21.3m, up from £16.8m in H1 FY24.

• Profit before tax reached £2.4m, slightly above £2.3m in H1 FY24, despite a £0.6m negative FX impact.

• Strong order intake of £22.3m, compared to £17.8m in H1 FY24.

• Continued design wins in both Products and Systems units, supporting medium- and long-term growth.

Financial highlights

• Revenue increased by 27% year-over-year for H1 FY25.

• Profit before tax grew modestly year-over-year, despite adverse currency movements.

• Order intake outpaced revenue, indicating a robust sales pipeline.

Outlook and guidance

• On track to meet full-year FY25 market expectations of £43m revenue and £6m profit before tax.

• H2 FY25 has started well, with confidence in achieving guidance.

• Monitoring potential headwinds from US government reviews and global supply chain disruptions.