REG - Image Scan Holdings - Trading Update And New Contract Awards

Image Scan HoldingsAnnouncement

Today 07:00

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RNS Number : 1404W  Image Scan Holdings PLC  21 August 2025

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

IMAGE SCAN HOLDINGS PLC

("Image Scan" or the "Company")

Trading Update

And

New Contract Awards

Image Scan Holdings PLC (AIM: IGE), the specialist provider of X-ray screening
systems, announces a trading update and two new contract awards, further
strengthening its significant order book.

As indicated in the Interim Results announcement, the Board is anticipating a
positive second half of the year, albeit the result for the full year will be
dependent on the timing of order receipts and their subsequent delivery.
Although the Board believes there are no fundamental issues with the Company's
suppliers, long lead times in the supply chain are impacting manufacturing and
assembly time. As a result, the outcome for the year ending 30 September 2025
remains uncertain but the expectation is that current market guidance will not
be achieved.

The Company's cash position at the end of July was £771k, which represents an
improvement on the cash position of £512k as at 31 March 2025 and is not
expected to be materially different by the year end, however this will be
dependent on timely receipts from new contracts and deliveries.

The Board is delighted with the two new significant contract awards, but it is
as yet unclear whether these orders and other anticipated orders can be
delivered before the year end.

The first order is for a new customer in North America for the Company's
industrial MDXi-400 system, a significant success given the current maturity
of this market. The second is an order for our latest portable ThreatScan®
system for another new customer, an Eastern European military organisation.
The Company is also in the process of delivering a double-digit quantity of
ThreatScan® systems to a customer in Southeast Asia and anticipates this will
be completed before the end of the financial year.

The Company continues to seek clarity in respect of the large contract timing
received from a UK defence contractor, with a status update anticipated during
Q1 of the next financial year.

The Company is actively managing the supply chain challenges and the entire
team remains focused on delivering its significant order book.

For further information on the Company, please visit: www.ish.co.uk
(http://www.ish.co.uk/)  and for further information on its products, please
visit: www.3dx-ray.com (http://www.3dx-ray.com/)

 

-ENDS-

 

Image Scan Holdings plc
                            Tel: +44 (0) 1509 817400

Vincent Deery CEO

Sarah Atwell-King, CFO & Company Secretary

 

 

Zeus - Nominated Advisor and Corporate Broker
             Tel: +44 (0)203 829 5000

Mike Coe/James Bavister (Investment Banking)

 

ABOUT IMAGE SCAN HOLDINGS PLC

About Image Scan Holdings plc

The core activity of the Group is the manufacture of portable X-ray systems
for security and counter terrorism applications. The Group recently launched a
cabinet X-ray machine and is replacing its Axis range of checkpoint X-ray
systems with new machines developed with a partner. All these products are
taken to market across the world through a strong network of international
partners.

 

In addition, over the last seventeen years, Image Scan has developed and
manufactured industrial X-ray inspection systems, the MDXi range. The primary
market for these systems is in automotive emissions control where they are
used for quality control inspection of catalytic converters and diesel
particulate filters.

 

The visibility and reach of the Company's 3DX-Ray brand has been further
strengthened through a new LinkedIn profile focussed on its EOD and
counter-terrorism activities. This can be found at:
 https://www.linkedin.com/company/3dx-ray/
(https://www.linkedin.com/company/3dx-ray/)
(https://www.linkedin.com/company/3dx-ray/)

 

For further information on the Company, please visit: www.ish.co.uk
(http://www.ish.co.uk/)  - and for further information on its products,
please visit: www.3dx-ray.com (http://www.3dx-ray.com/)

 

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