REG - RC Fornax plc - Trading Update

RC FornaxAnnouncement

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RNS Number : 7209Y  RC Fornax plc  31 March 2026

 

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.

 

31 March 2026

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 reflecting continued strong operational and commercial
progress.

 

The Company has experienced a sustained level of order intake in Q2 FY26 (1
December 2025 -28 February 2026). Total orders secured in this period amounted
to approximately £1.9 million despite the seasonal slowdown typically
experienced across the defence sector over the Christmas period.

 

This momentum has continued into the current financial quarter and during
March 2026, the Company secured approximately £1.4 million in total orders
during March including in particular three new purchase orders as well as two
new public sector opportunities, and six existing purchase orders have also
been extended.

 

This progress builds on the strong start to FY26 which saw the Company deliver
its strongest quarter to date from 1 September 2025 to 30 November 2025.

 

As a result, the Company now has firm visibility over more than £5.1 million
in sales under purchase order and subject to contract for FY26.

 

This sales momentum is a consequence of both improved market conditions and
the operational changes made within the business that have resulted in more
purchase orders being secured for contracts on a recurring basis, whether
through extensions or new wins, than in the entirety of FY25. There is also a
growing mix of new and follow-on engagements.

 

Paul Reeves, Chief Executive Officer of RC Fornax, commented: "The progress we
are seeing represents a clear step change in the scale and consistency of our
commercial performance. We are now delivering materially higher levels of
orders on a recurring basis, with this improved run rate providing a stronger
foundation for revenue visibility. Importantly, this momentum is not only
supporting our expectations for the current year but is also establishing a
more meaningful platform as we look ahead.

 

"We are particularly encouraged by the strength of performance in the recent
period, which delivered a robust level of order intake despite seasonal
factors, and by the strong momentum we are seeing at the start of the current
period.

 

"The demand environment for the Company's services remains supportive. The
UK's continued prioritisation of war-fighting readiness is reinforcing the
requirement for cost-effective, outcomes-focused support across engineering,
procurement and capability development, areas that play directly to RCF's
strengths.

 

"Customers are also placing greater emphasis on driving value from existing
budgets amid constraints on new investment funding. This dynamic is supporting
ongoing demand for RCF's flexible and efficient delivery model, which is
designed to enhance programme performance without increasing overall cost.

 

"The continued build in our sales pipeline and improving commercial momentum
gives us increasing confidence in the direction of travel of the business. We
look forward to providing shareholders with further positive updates as this
momentum continues to build."

 

-ENDS-

 

 

For additional information, please contact:

 

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

 Paul Reeves - CEO

 Rob Shepherd - FD

 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

 Megan Ray                                                  rcfornax@blytheray.com

 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 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/)

 

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