SRT Marine Systems (SRT) Investor Update summary

Financial performance and outlook

• Reported revenues of £77 million and profit before tax of approximately £4.5 million for the year.

• Forecasts for the new financial year are underpinned entirely by existing contracts.

• Revenue is expected to grow by 50% in the new year, with profits projected to more than double.

• Current contracts worth £330 million are forecasted for delivery over the next two to three years.

• The company is now cash positive and focused on strengthening the balance sheet, with potential for dividends or share buybacks in the future.

Business divisions and market trends

• The transceivers business was flat last year but achieved profitability and expanded distribution.

• New mandates in regions like Hamburg, Seychelles, and Montenegro are driving immediate orders.

• The upcoming NEXUS product will enter the voice communications market and is in final pre-launch stages.

• The systems division focuses on integrated maritime surveillance, with five sovereign customers and a $1.4 billion validated sales pipeline.

• The company leverages a global dealer network of 5,000 for early market intelligence and distribution.

Strategic positioning and execution

• The business benefits from a first-mover advantage in Maritime Domain Awareness, with significant investment in technology and customer references.

• The systems business model is designed for high net margins, with most incremental contract profits falling to the bottom line.

• Execution focus is on delivering current projects to high standards while developing new pipeline opportunities.

• The company has grown to over 150 employees, supporting increased project delivery and business development.

• Management is committed to regular investor engagement, including webcasts and open days.