REG - Chesterfield Special - FY26 Trading Update & Notice of Interim Results

Chesterfield Special Cylinders HoldingsAnnouncement

Today 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260430:nRSd4612Ca&default-theme=true

RNS Number : 4612C  Chesterfield Special Cylinders Hdgs  30 April 2026

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation (2014/596) which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, ("MAR"), and is disclosed in accordance
with the Company's obligations under Article 17 of MAR. Upon the publication
of this announcement via a Regulatory Information Service, this inside
information will be considered to be in the public domain.

30 April 2026

 

Chesterfield Special Cylinders Holdings plc

("CSC" or the "Company")

FY26 Trading Update & Notice of Interim Results

Chesterfield Special Cylinders Holdings plc (AIM: CSC) will release its FY26
interim results for the six-month period ended 28 March 2026 on Wednesday 20
May 2026.

Trading in the first half of the year was broadly in line with management
expectations, and the Company expects to report a first-half revenue of £6.4
million (2025: £5.4 million) and an adjusted EBITDA(*) loss of £0.8 million
after central costs (2025: loss £1.3 million).

In the first half, the Company strengthened its overseas defence order book
and secured its first order for Integrity Management services on overseas
naval submarines. However, some UK naval Integrity Management deployments
originally expected in FY26 have been postponed into FY27 due to delayed fleet
docking schedules.

The Company remains frustrated by continued delays to the roll out of UK
Hydrogen Allocation Round (HAR) projects and any related contract wins will
now come too late to benefit FY26 results.

Overall, the Company now anticipates a full-year revenue and adjusted EBITDA
performance at similar levels to the previous year (2025: revenue of £16.6
million, adjusted EBITDA of £0.8 million), slightly behind market
expectations (adjusted EBITDA of £1.0 million).

* Adjusted EBITDA is earnings / loss before interest, tax, depreciation,
amortisation and other exceptional costs

Additional information:

The person responsible for arranging release of this announcement on behalf of
the Company is Chris Walters, Chief Executive.

For further information, please contact:

 Chesterfield Special Cylinders Holdings plc    Tel: 0333 015 0710

 Chris Walters, Chief Executive                 company.secretary@csc-holdings.com (mailto:company.secretary@csc-holdings.com)

 Sally Millen, Director of Finance
 Singer Capital Markets (Nomad and Broker)      Tel: 0207 496 3000

 Rick Thompson / Peter Steel / Carl Diebitsch

COMPANY DESCRIPTION

www.csc-holdings.com (http://www.csc-holdings.com/) and
www.chesterfieldcylinders.com (http://www.chesterfieldcylinders.com)

Chesterfield Special Cylinders is a world-leading designer and manufacturer of
high-pressure gas storage and transportation systems, used principally in
safety-critical defence and hydrogen energy applications, and provides
inspection, testing and recertification services throughout the system
lifecycle.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTKZGZDKLZGVZM



            Copyright 2019 Regulatory News Service, all rights reserved