7 September 2026
Concurrent Technologies Plc
(the “Company” or the “Group”)
Half year results for the six months to 30 June 2026
Solid first-half performance with strong order momentum, underpinning confidence in exceeding market expectations for FY26
Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world’s major OEMs, is pleased to announce its results for the six months to 30 June 2026 (“H1 2026”).
Financial highlights
| H1 2026 | H1 2025 | % change | |
| Revenue | £23.2m | £21.1m | +10% |
| Gross profit | £11.8m | £10.7m | +10% |
| EBITDA | £4.8m | £4.0m | +20% |
| Profit before tax (PBT) | £3.2m | £2.7m | +19% |
| Earnings per share | 2.93p | 2.78p | +5% |
| Order intake | £46.9m | £22.3m | +110% |
| Closing cash | £9.7m | £7.8m | +24% |
| · | Delivered record first-half results, with revenue increasing 10% to £23.2m and profit before tax increasing 19% to £3.2m, reflecting continued execution of the Group’s growth strategy across Products and Systems. Products revenue increased 10.6% to £19.8m (H1 2025: £17.9m), while Systems grew 9% to $4.6m (H1 2025: $4.2m). |
| · | Exceptionally strong order momentum, with Group order intake increasing 110% to £46.9m, already matching the FY25 order intake, (H1 2025: £22.3m), demonstrating continued demand across the Group’s key markets and providing increased visibility into future revenue opportunities. |
| · | Continued investment in the business to support future growth, while maintaining a strong financial position, with cash of £9.7m (FY25: £7.8m). |
Operational highlights
| · | Continued progress converting earlier design wins into production programmes, with further design wins secured during the period across Products and Systems representing an estimated lifetime value of approximately £129m. |
| · | Systems business delivered a profitable first half, securing approximately $8m of orders and continuing to develop its position as a provider of integrated mission-critical solutions. |
| · | Systems business gross margin improving, as expected, as it moves to a more even mix of low-margin Design and high-margin Production activities, rising to 26.3% (H1 2025 13.3%). |
| · | Continued enhancement of the Products portfolio, with five launches in H1 2026, supporting Concurrent’s position as a leading supplier of high-performance embedded computing solutions. |
| · | New machines have been bought and installed into an expanded factory area in Colchester, enabling a doubling of capacity as demand for output ramps during H2. Meanwhile, facility upgrades to the existing building and the newly leased office accommodation next door will complete in October 2026. |
| · | Proactively managing supply chain requirements, including securing supply of DRAM throughout 2026, and to the end of 2027, and mitigating unforeseen end of life announcements of some key components such as processors. Component availability and pricing across the global electronics industry remain subject to ongoing supply chain pressures. |
| · | Announced the planned retirement of CFO Kim Garrod and appointment of Emma Ciechan as incoming CFO and Executive Director, ensuring a smooth transition as the Group continues to execute its growth strategy. |
Outlook
| · | While cognisant of the macro-economic environment and industry-wide supply chain challenges, the Group has entered the second half of FY26 with strong momentum. |
| · | Supported by a record order intake, an increasing conversion of design wins into production programmes, a healthy backlog and pipeline of opportunities, the Board is confident in delivering a financial performance ahead of FY26 market expectations. |
| · | It is expected that revenue will be materially ahead and profit ahead, principally reflecting the phasing of profit recognition on a record contract win. |
Miles Adcock, CEO of Concurrent Technologies, commented: “We have delivered another record first half, reflecting the continued execution of our strategy and the strength of demand for our high-performance computing solutions. For several years we have focussed on developing deep and long-term relationships with customers, underpinned by early to market products that get designed into our customer’s programmes. This gives us long term revenue visibility, with the success of this approach reflected in our order intake. Year to date, order intake has exceeded £68m, with a further four months of the year still to go.
“The progress of our Systems business is particularly encouraging, which delivered a profitable first half and I anticipate strong year on year progress in all aspects. The acquisition of Phillips Aerospace in September 2023 and our subsequent investment therein was a catalyst for our start-up Systems business, and I now consider that fully mobilised. Our strategic focus is on organic and inorganic capability expansion as we service increasingly complex mission-critical applications for our customers.
“Timing of orders can vary, and operationally we anticipate an exceptionally busy fourth quarter due to most of our orders being received towards the end of the first half. This highlights the importance and timeliness of our capacity expansion in Colchester.”
“We have entered the second half with a significant back log, opportunity pipeline momentum and, therefore, the Board is confident in delivering a financial performance ahead of FY26 market expectations.”
*In so far as the Board is aware, as at 6 September 2026, based on published analyst forecasts consensus market expectations for FY26 are revenues of £52m and profit before tax of £8m.