Concurrent Technologies (CNC) H2 2025 TU earnings summary

Financial performance and growth

• Revenue and profit before tax for FY25 expected to show strong double-digit growth over FY24, aligning with market expectations of £46.0m revenue and £6.2m profit before tax.

• Record order intake of approximately £47 million in FY25, up from £41 million in FY24, driven by strong demand in Europe and Asia-Pacific.

• Cash at bank at year-end stood at £14.4m, up from £13.7m in FY24, with higher year-end debtors due to seasonally high invoicing.

Strategic contracts and operational updates

• Secured a $6.2 million design services contract with a major defence prime contractor, the largest single order to date, including design and supply of Automatic Test Equipment.

• New Los Angeles facilities are fully operational, and Colchester relocation is expected to complete in H1 FY26, enhancing operational capacity.

Outlook and strategic direction

• Entered the new financial year with strong momentum, robust customer demand, and a growing pipeline of design wins expected to convert into production revenues.

• Solid balance sheet provides flexibility to invest and manage component costs as part of the ongoing growth strategy.

• Plans to diversify and strengthen the product and service portfolio to support long-term growth.