REG - RC Fornax plc - Trading Update

RC FornaxAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251202:nRSB7832Ja&default-theme=true

RNS Number : 7832J  RC Fornax plc  02 December 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
amended.  Upon the publication of this announcement via a Regulatory
Information Service, such inside information is now considered to be in the
public domain.

02 December 2025

RC FORNAX PLC

("RC Fornax" or the "Company")

Trading Update

 

RC Fornax (AIM:RCFX), the UK-based consultancy delivering outcome-based
engineering solutions to the defence sector's most critical platforms -
accredited, in-demand, and built to scale, is pleased to provide the following
trading update.

 

The Company has recorded a strong start to the financial year ending 31 August
2026 ("FY26"), with total orders (new orders plus extensions) received for the
first three months of approximately £2.5 million, an over 70% increase
year-on-year. This performance is the result of both the increased customer
engagement following the publication of the Strategic Defence Review ("SDR")
and the operational improvements made by the Company in the last five months.

 

The Company has won orders from three new clients and has continued to
generate new orders and contract extensions from its existing client base.
Total new orders obtained so far in FY26, including from the UK public sector
space client as announced on 25 November 2025
(https://irtools.co.uk/44/story/1dfd0e16-55c9-472c-b268-72b986c80847) , equate
to approximately £2.2 million, representing a more than 180% year-on-year
increase and an over 1200% increase versus the previous quarter, marking the
best quarter in the Company's history.

 

The significant increase in new work orders presents a strong upward
trajectory, with further extensions and follow-on engagements expected to come
directly from this expanding base of new activity. This broadening of the
customer base, combined with the exceptional growth figures, reflects a
meaningful ramp-up in commercial activity that is expected to convert into
revenue across the remainder of FY26.

 

Operationally, the Company has strengthened governance, risk management and
delivery structures, enhancing bid responsiveness, early risk detection and
programme execution. These improvements have directly supported the uplift in
performance and have positioned RC Fornax to take advantage of increasing
demand across defence primes, public-sector customers and framework buyers.

 

The Board therefore looks forward to the remainder of FY26 with confidence.
The substantial increase in new work orders during the period provides clearer
visibility of revenue generation through the remainder of FY26 and beyond.
Combined with the bid opportunities that continue to be generated from the
seven frameworks the Company is onboarded to and the upcoming development of
Procure X and Smart Suite following completion of the recent fundraise, the
Company is well-positioned for long-term sustainable growth.

Paul Reeves, Chief Executive Officer of RC Fornax, commented:

"The first three months of FY26 have delivered the strongest new order intake
in RC Fornax's history, with approximately £2.2 million in new work secured
during the period. The SDR has reshaped customer priorities across defence,
and this is now translating into a clear surge in demand, deeper engagement
and a rapidly strengthening pipeline. This performance places RC Fornax firmly
on track for a successful full-year outcome.

"Our participation across seven procurement frameworks is opening the door to
increasingly material opportunities, and we are already seeing this reflected
in the over 70% year-on-year increase in total orders and the exceptional more
than 180% growth in new work orders. This momentum demonstrates the impact of
the work we have done to strengthen our operating model and broaden our
customer base, including securing three new clients who have already begun
generating follow-on work.

"As is typical in the defence sector, many of RC Fornax's agreements are bound
by strict confidentiality, limiting what can be disclosed publicly and leading
to a natural reduction in visible news flow. However, the strong performance
demonstrated in the first three months of FY26 is a clear indicator of the
momentum building across the business.

"Following completion of the recent fundraise, we will be able to accelerate
the development of Procure X and the Smart Suite, which we believe will
transform how capability is sourced and delivered across defence. With a
record start to the year, improved visibility and a clearer strategic
landscape, RC Fornax enters the remainder of FY26 with confidence and a strong
platform for sustained growth."

 

 

For additional information, please contact:

 

 RC Fornax plc                                              info@rcfornax.co.uk (mailto:info@rcfornax.co.uk)

 Paul Reeves - CEO

 Rob Shepherd - CFO

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

 Christopher Raggett

 Rob Patrick

 Harry Marshall

 Cavendish Capital Markets Limited (Broker)                 +44 (0)20 7908 6000

 Stephen Keys / George Lawson - Corporate Finance

 Dale Bellis / Harriet Ward - Sales and ECM

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

 Tim Blythe                                                 rcfornax@blytheray.com

 Megan Ray

 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 2021 by RAF veterans
Paul Reeves and Daniel Clark who, having also worked for a number of years as
defence contractors, are passionate about improving project efficiencies and
driving value for money in the sector.

 Web:       https://www.rcfornax.co.uk/ (https://www.rcfornax.co.uk/)
 X:         @RFornax (https://x.com/RFornax)
 LinkedIn:  RC Fornax (https://www.linkedin.com/company/rc-fornax/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTGZMGZZMMGKZZ



            Copyright 2019 Regulatory News Service, all rights reserved