REG - SRT Marine Systems - H1 - FY26 Trading Update

SRT Marine SystemsAnnouncement

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RNS Number : 5863O  SRT Marine Systems PLC  13 January 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS
DISCLOSED IN ACCORDANCE WITH THE GROUP'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

 

 

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Group")

 

H1 - FY26 Trading Update

SRT Marine Systems plc ('SRT'), a global provider of intelligent maritime
surveillance systems for sovereigns and maritime navigation safety systems is
pleased to provide an unaudited trading update for the 6 month financial
period ending 31(st) December 2025 ('H1 FY26').

H1 FY26 Financial Summary (Unaudited)

                     H1 FY26  H1 FY25  % change
 Group Revenue       £51.1m   £26.2m   95%
 Profit before tax   £3.1m    £2.1m    47%
 Gross cash balance  £41.5m   £22.4m   85%

 

H1 Financial and Operational performance

Unaudited group revenues for the first half are expected to be £51.1m,
generating an expected profit before tax of £3.1m. As at 31(st) December 2025
the Group's gross cash balance, inclusive of restricted cash of £27.3m, was
£41.5m.

Both our business divisions, Navigation Safety and Integrated Marine
Surveillance Systems have performed in line with expectations. We have
continued to execute simultaneously on four major system projects and continue
to maintain and support a fifth.

In H2 we expect both divisions to continue to progress, with possible upside
from the commencement of NEXUS deliveries, and new system contract conversions
from our £1.8bn opportunity pipeline of which a $200m award notification was
announced on 18 September 2025 and is now awaiting final contracting and
finance approval.

Simon Tucker, SRT CEO said: "I am very happy with our H1 results which are in
line with our expectations. As reflected by our £300m active-contract book
and £1.8bn new contract opportunity pipeline we are experiencing strong and
sustained global interest in our solutions underpinned by a new and evolving
understanding of the importance of the marine domain.    I expect to see
SRT continue to gather pace and deliver strong growth this financial year and
many years to come."

 

 For further information, please contact:
 SRT Marine Systems plc                                      www.srt-marine.com (http://www.srt-marine.com)

                                                             + 44 (0) 1761 409500
 Simon Tucker (CEO)                                          simon.tucker@srt-marine.com (mailto:simon.tucker@srt-marine.com)
 Kevin Finn (Chairman)                                       Kevin.finn@srt-marine.com (mailto:Kevin.finn@srt-marine.com)
 Nora Alakshan (Corporate Communications Manager)            nora.alakshan@srt-marine.com
 Cavendish Capital Markets Limited (NOMAD & Broker)
 Jonny Franklin-Adams / Teddy Whiley (Corporate Finance)     +44 (0) 20 7220 0500
 Tim Redfern (Corporate Broking)

 

About SRT Marine Systems plc:

SRT Marine Systems PLC is a global provider of civil defence maritime
intelligence and surveillance systems and navigation safety and efficiency
solutions. Our systems provide MDA intelligence that enable sovereign agencies
such as Coast Guards and Fishery Authorities to adopt a new nationwide
intelligence lead operations doctrine which is highly effective and efficient
for maritime safety and security. Our navigation safety systems enable vessel
operators to navigate digitally more safely and efficiently. Our customers
range from government agencies such as Coast Guards, Fishery Authorities and
Ports & Waterway authorities to commercial and leisure vessel owners.

 

 

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