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RNS Number : 5087P  Concurrent Technologies PLC  20 January 2026

 20 January 2026

 

 

Concurrent Technologies Plc

("Concurrent", the "Company" or the "Group")

 

Trading Update

 

Significant year-on-year growth driven by record order intake

 

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 year ended 31 December 2025 ("FY25").

 

Based on its unaudited management accounts, the Company expects both revenue
and profit before tax to be in line with market expectations, delivering
strong double-digit growth on FY24 (FY24: revenue £40.3m and profit before
tax £5.2m).(1) This reflects the growing momentum across the Group's Products
and Systems business units, notwithstanding delays to US Department of Defense
budget approvals and the recent US government shutdown.

 

Total order intake for FY25 was at a record level of approximately £47
million (FY24: £41 million), driven by particularly strong demand from
customers in Europe and Asia-Pacific, reflecting the continued strengthening
of Concurrent's reputation among leading global primes. The Group ended FY25
in a solid financial position with £14.4m of cash at bank (FY24: £13.7m),
with elevated year-end debtors reflecting seasonally high invoicing.

 

In September, the Company announced a $5.2 million design services contract
with a major defence prime contractor. A subsequent $1.0 million contract
expansion has increased the total value to $6.2 million, making it
Concurrent's largest single order to date. The expanded scope includes the
design and supply of Automatic Test Equipment to support the customer's
in-house production and testing, highlighting the early commercial success and
growth potential of Concurrent's design services offering.

 

Outlook

The Company has entered the new financial year with good momentum, underpinned
by robust customer demand, record order intake and a growing pipeline of
design wins expected to convert into production revenues. This progress is
supported by a solid balance sheet, providing the financial flexibility to
continue investing as the Group delivers on its growth strategy in the year
ahead, with strategic plans in place to manage component costs through the
year as necessary.

 

Miles Adcock, CEO, commented: "FY25 was another strong year for Concurrent, in
which we continued to execute on our stated strategy, as planned. With our new
Los Angeles facilities now fully operational and the Colchester relocation
expected to complete in H1 FY26, we believe the business is entering a new
phase of operational capacity. We will see prior design wins begin translating
into meaningful orders, while strengthening and diversifying our portfolio of
products and services to support long-term growth. I am extremely proud of
what our team has achieved and am excited by the scale of opportunity ahead."

 

(1) As at 19 January 2026, The Board understands that market expectations for
FY2025, based on published analyst forecasts, are for revenue of £46.0m, and
profit before tax of £6.2m.

 

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)  +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.

 

 

 

 

 

 

 

 

 

 

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