REG - RC Fornax plc - Notice of Results and Trading Update

RC FornaxAnnouncement

23/10/2025 07:00

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RNS Number : 4743E  RC Fornax plc  23 October 2025

The information contained within this announcement is considered by the
Company to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 ("MAR"), and the UK version of MAR which is part
of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as
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public domain.

 

23 October 2025

 

RC FORNAX PLC

("RC Fornax", the "Company" or the "Group")

Notice of Results and Trading Update

 

RC Fornax (AIM: RCFX), the UK-based consultancy delivering high-impact
engineering solutions to the defence sector's most critical platforms -
accredited, in-demand, and built to scale - announces that it expects to
publish its final year results for the period ended 31 August 2025 ("FY 2025")
in January 2026 and also provides the following trading update.

 

RC Fornax has made strong progress in reshaping its commercial model and
aligning with next-generation defence priorities. The Company is currently in
advanced discussions on three major new commercial agreements, two of which
are with defence primes in support of major land vehicle and maritime
programmes. Additionally, market access has expanded significantly since
publication of the Strategic Defence Review, with the Company participating in
seven procurement frameworks which has generated over 20 new bid opportunities
since April 2025.

 

Innovation remains central to RC Fornax's growth strategy. Continued progress
has been made on Smartscope, an AI-powered solution that automates the
creation of compliant Statements of Work in minutes, which is currently at MVP
stage. Building on this success, RC Fornax is beginning work to develop
Procure X, an intelligent self-serve marketplace which aims to connect
verified SMEs with defence buyers quickly and securely. Integrated with
Smartscope and other modules, Procure X will streamline bidding, compliance,
and supplier matching. We look forward to providing further information on
Procure X over the coming months.

 

Further to the Company's trading update announced on 17 June 2025, the Company
expects to report revenue in FY 2025 of £4.1 million (FY 2024: £6.5
million), gross profit of £1.0 million (FY 2024: £1.6 million and a reported
loss before tax of £1.5 million (FY 2024: £0.8 million profit). At 31 August
2025, the Company had cash and cash equivalents of £1.0 million (31 August
2024: £0.6 million), reflecting larger than expected one-off investments in
the Company's new headquarters in Bristol and strategic investments in talent
and capability to support future growth. All figures are unaudited.

 

The Board looks ahead to 2026 with optimism, supported by a stabilising
defence environment, the maturation of client frameworks, and the
commercialisation of Smartscope and Procure X. As such, the Board remains
confident in the Company's strategic direction and its ability to deliver
sustainable growth and long-term shareholder value.

 

For more information, please visit www.rcfornax.co.uk
(http://www.rcfornax.co.uk) or contact:

 

 RC Fornax PLC                                +44 (0) 117 486 3636

 Paul Reeves, CEO

 Rob Shepherd, CFO                            info@rcfornax.co.uk (mailto:info@rcfornax.co.uk)

 Strand Hanson Limited (Nominated Adviser)    +44 (0) 20 7409 3494

 Christopher Raggett

 Rob Patrick

 Harry Marshall

 Cavendish Capital Markets Limited (Broker)   +44 (0) 20 7220 0500

 George Lawson - Corporate Finance

 Dale Bellis / Harriet Ward - Sales and ECM

 BlytheRay (Financial PR & IR)                +44 (0) 20 7138 3204

 Megan Ray

 Tim Blythe

 Said Izagaren

 

Notes to Editors

 

RC Fornax PLC is an AIM-quoted company providing outcome-based engineering
solutions to the UK defence industry. It was founded in 2020 by RAF veteran
Paul Reeves, who, having also worked for a number of years as consultants to
large defence contractors, is passionate about improving project efficiencies
and driving value for money in the sector.

 

 

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