REG - Concurrent Tech. - H1 FY25 Trading Update

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RNS Number : 0145R  Concurrent Technologies PLC  15 July 2025

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15 July 2025

 

Concurrent Technologies Plc

(the "Company" or the "Group")

 

 Trading Update

 

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, provides
an update on trading for the six months to 30 June 2025 ("H1 FY25").

 

Based on its unaudited management accounts for H1 FY25, the Company expects to
report record results for a first half, with revenue of approximately £21.3m
(H1 FY24: £16.8m) and profit before tax of approximately £2.4m (H1 FY24:
£2.3m) despite the USD exchange rate having a c.£0.6m negative impact to
profit relative to the same period last year. Order intake for the period
remained strong at £22.3m (H1 FY24 £17.8m).

 

The Company continues to secure design wins, across both the Products and
Systems business units, in line with the transformative performance of 2023
and 2024, further underpinning confidence in medium- and long-term growth,
whereby a design win typically yields purchase orders two to three years
later, often with a lifetime for seven-10 years thereafter.

 

The Board believes that the Company is well positioned to deliver full year
results for 2025 in line with current market expectations*.

 

Miles Adcock, CEO of Concurrent Technologies, commented: "The Group has
delivered a solid first half with record results for H1 FY25 revenue, profit,
and order intake. The Products business unit continues to perform well,
securing new strategic wins, and the Systems business is mobilising,
reinforcing our confidence in good revenue generation for the full year. The
latter is on track to nearing a break-even position, following planned
up-front investment to support long-term growth in 2024.

 

"We are committed to bringing the latest technology to market as early as
possible and are encouraged by the early success of our Kratos product,
launched in the half, which remains unique in the market. It is currently the
only computer board of its form factor to feature the industrial variant of
the Intel® Xeon® 6 processor and is generating significant interest across
our customer base.

 

"H2 FY25 has started well and while we remain mindful that, like all defence
businesses, we do have some dependency on contracts from the US, where there
is potential for headwinds associated with governmental reviews or global
supply chain disruption, we are closely monitoring developments and remain on
track to meet full-year expectations."

*In so far as the Board is aware, consensus market expectations for FY25 are
revenues of £43m and profit before tax of £6m.

 

Enquiries:

 

 Concurrent Technologies Plc

Miles Adcock - CEO

                                                       +44 (0)1206 752626
 Kim Garrod - CFO

 Alma Strategic Communications                           +44 (0)20 3405 0205

Hannah Campbell

 Josh Royston

 Will Merison

 Cavendish Capital Markets Limited (NOMAD & Broker)      +44 (0)131 220 9771

Neil McDonald

                                                       +44 (0)131 220 9772
 Peter Lynch

 

 

About Concurrent Technologies Plc

 

Concurrent Technologies Plc develops and manufactures high-end embedded
plug-in cards and systems for use in a wide range of high-performance,
long-life cycle applications within the telecommunications, defence, security,
telemetry, scientific and aerospace markets, including applications within
extremely harsh environments. The processor products feature Intel®
processors, including the latest generation embedded Intel® Core™
processors, Intel® Xeon® and Intel Atom™ processors. The products are
designed to be compliant with industry specifications and support many of
today's leading embedded operating systems. The products are sold world-wide.

 

For more information on Concurrent Technologies Plc and its products please
visit www.concurrent.tech (http://www.concurrent.tech) .

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