Surveillance systems supplier Petards H1 adjusted EBITDA rises over 50% on Rail, Defence growth

Petards

11/09/2026 07:11

Overview
UK security systems developer's H1 2026 revenue declined slightly yr/yr to £7.7 mln
Adjusted EBITDA for H1 2026 rose over 50% yr/yr, driven by higher margin business
Company returned to operating profit and reduced net debt during the period

Outlook
Company expects continued cash generation in H2 and further reduction in net debt by year end
Petards expects to deliver significant improvement in results over those achieved in 2025
Company says improved order intake in Rail and Defence driving operational efficiencies and margin gains

Result Drivers
HIGHER MARGIN BUSINESS - Co said improved profitability was driven by successful delivery of higher margin business, leading to increased gross profit margin
RAIL AND DEFENCE GROWTH - Strong contributions from Rail and Defence segments, with Rail benefiting from improved trading conditions and Defence from commencement of major engineering order
RECURRING REVENUES - Recurring revenues remained stable and cash generative across group operations

Company press release: ID:nRSK2551Ua

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 7.68 mln
 
H1 Net Loss
 
GBP 93,000
 
H1 Adjusted EBITDA
 
GBP 781,000
 
H1 EBIT
 
GBP 14,000
 
H1 Gross Profit
 
GBP 4.007 mln
 
H1 Pretax Loss
 
GBP 93,000
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)