SRT Marine Systems (SRT) H2 2026 TU earnings summary

Executive summary

• Revenue for FY26 reached £116m, a 49% increase year-over-year, driven by diversified sources including software-enabled hardware, support and data services, USVs, and infrastructure.

• Profit before tax and exceptional items rose to £10m, up 105% compared to FY25.

• Results are in line with market expectations, reflecting strong execution despite global instability.

Financial highlights

• Group revenue increased to £116m from £78m year-over-year.

• Profit before tax and exceptional items doubled to £10m from £4.9m.

• Gross cash balance at year-end was £57m, including £30m unrestricted and £27m restricted cash for project performance bonds.

Outlook and guidance

• Confident in meeting existing market expectations for the new financial year through execution of current contracts and potential new contract conversions.

• Additional guidance will be provided as new project timelines become clearer.