Concurrent Technologies (CNC) H2 2025 earnings summary

Executive summary

• Achieved double-digit growth in FY25 with record order intake and continued strategic execution.

• Revenue increased 14% year-over-year to £45.9m, with profit before tax up 22% to £6.5m.

• Strong performance driven by Europe and Asia-Pacific, offsetting a slower US market.

• Largest strategic win: $6.2m design services contract, moving up the value chain.

• Robust balance sheet with £14.4m cash, supporting growth initiatives.

Financial highlights

• Revenue up 14% to £45.9m compared to FY24.

• EBITDA rose 29% to £10.1m, with EBITDA margin at 22%.

• Gross profit increased 23% to £24.5m; profit before tax up 25% to £6.5m.

• EPS grew 7% to 5.86p; order intake up 15% to £47.0m.

• Total assets increased 18% to £59.8m; shareholders' funds up 15% to £44.8m.

Outlook and guidance

• Entered FY26 with positive momentum and a healthy, growing pipeline.

• Design wins expected to increasingly translate into production revenues.

• Continued investment in capacity, especially in Systems and Design Services.

• Board confident of delivering FY26 results in line with market expectations.