UK's Pennant International slides after forecasting lower H1 revenue

Pennant International

08/08/2025 09:13

** British logistics software provider Pennant International Group's PNIG.L shares fall ~14% to 24p

** Co expects FY turnover to miss market expectations due to delays in GenFly contract awarded by UK Ministry of Defence in August

** GenFly contract award delayed to Q4 2025 or later due to MOD approval processes, pushing revenue into 2026, PNIG says

** Co expects H1 revenue of 4.5 million pounds, down 39.2% from prior year

** Including session's gains, PNIG down 11.6% YTD

 (Reporting by Anushka Chourasia in Bengaluru)

 ((Anushka.Chourasia@thomsonreuters.com))