SRT Marine Systems (SRT) H1 2026 TU earnings summary

Executive summary

• Revenue for H1 FY26 reached £51.1m, a 95% increase year-over-year compared to H1 FY25.

• Profit before tax rose to £3.1m, up 47% from the same period last year.

• Both Navigation Safety and Integrated Marine Surveillance Systems divisions performed in line with expectations.

• Four major system projects were executed simultaneously, with ongoing support for a fifth.

Financial highlights

• Group revenue increased by 95% year-over-year to £51.1m.

• Profit before tax grew 47% to £3.1m compared to H1 FY25.

• Gross cash balance as of 31 December 2025 was £41.5m, up 85% year-over-year.

Outlook and guidance

• H2 expected to see continued progress in both divisions, with potential upside from NEXUS deliveries.

• New system contract conversions anticipated from a £1.8bn opportunity pipeline.

• A $200m award notification announced in September 2025 is pending final contracting and finance approval.

• Management expects strong growth for the remainder of the financial year and beyond.