REG - Synectics PLC - AGM Trading Update

SynecticsAnnouncement

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RNS Number : 6130E  Synectics PLC  18 May 2026

 

 

Synectics plc

("Synectics", the "Company" or the "Group")

 

AGM Trading Update

 

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
solutions, today provides shareholders with an update on trading ahead of its
Annual General Meeting, taking place later this morning.

 

Positive activity has continued across a number of the Group's core markets
with trading in the first five months of the year ending 30 November 2026 ("FY
2026") broadly in line with management expectations.

 

In the leisure and hospitality sector, the Company has seen strong order
intake in the North American gaming market and secured contracts with several
new customers, further expanding its market presence. This includes the
Company's largest contract win to date in Canada, with its surveillance
solution selected for a large-scale casino and integrated resort in Ontario.

 

The Group has also secured additional contracts with both existing and new
customers across its critical infrastructure, public space and transport
sectors. This includes recent contract wins totalling over £1.4 million with
a UK regional authority, covering approximately 220 buses, which will focus on
enhancing operational efficiency and improving passenger and driver safety.

 

Within the energy sector, against a backdrop of ongoing geopolitical
uncertainty, some customers have delayed project and infrastructure investment
decisions although the scale and quality of these opportunities remain
unchanged. As a result, the timing of certain contract awards and project
activity in the energy sector is unclear at this stage.

 

Revenue and profitability for the full year will be weighted towards the
second half of the year, consistent with the historical profile of the
business(1).

 

Subject to energy sector activity normalising through the second half, the
Board currently expects trading for FY 2026 to be in line with market
expectations(2).

 

The Company continues to make good progress with its strategic transition,
announced as part of the final results in March. The simplification of the
Synergy deployment and development of the partner programme is progressing
well, alongside strengthening the go to market strategy, and value proposition
development. The operating model review is also progressing as planned.

 

These planned initiatives will be funded from existing cash resources, and are
essential to positioning the business for scalable, repeatable growth.

 

The Company expects to publish unaudited interim results in August.

 

Amanda Larnder, Synectics' Chief Executive Officer, commented:

"Synectics has secured important customer wins during the first five months of
FY 2026 and it is particularly encouraging to see this momentum that we're
building with new and existing customers.

 

"Management continues to closely monitor the current geopolitical backdrop
particularly given the Company's exposure to the energy sector. Whilst the
timing of some customer investment decisions and contract awards is currently
uncertain, our underlying new business pipeline remains encouraging.

 

"We have made clear progress in reshaping the business, with early signs that
these initiatives are already supporting improved commercial execution,
including better customer engagement and more efficient delivery. We are
focused on delivering a more scalable, repeatable model that can support
stronger and more consistent growth over time.

 

"The Board remains confident in the Group's strategic direction and the
progress being made to position the business for more scalable and sustainable
growth."

 

(1) With the exception of FY25 which was impacted by a significant one-off
contract the majority of which was delivered in the first half of FY25

(2) Management understands current market expectations for FY 2026 to be
revenue of £62.0m and adjusted EBITDA of £4.1m.

 

 

For further information, please contact:

 

 Synectics plc                                                             Tel: +44 (0) 114 280 2828

 Amanda Larnder, Chief Executive Officer                                   www.synecticsplc.com (http://www.synecticsplc.com)

 Paul Williams, Chief Financial Officer

 Claire Stewart, Company Secretary

 email: info@synecticsplc.com

 Singer Capital Markets                                                    Tel: +44 (0) 20 7496 3000
 Jen Boorer / James Fischer / Patrick Weaver

 Vigo Consulting                                                           Tel: +44 (0) 20 7390 0230

 Jeremy Garcia / Fiona Hetherington

 synectics@vigoconsulting.com (mailto:synectics@vigoconsulting.com)

 

About Synectics plc

 

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance
solutions that help protect people, property and assets around the world.

 

It transforms customer operations by seamlessly integrating systems,
technologies, and data into a unified solution-enhancing safety, improving
efficiency, and enabling smarter, faster decision-making and response
capabilities.

 

With its technical expertise, decades of experience, and strong partnerships,
Synectics sets itself apart by delivering innovation and service that drive
real value and long-term success.

 

Find out more at www.synecticsplc.com. (http://www.synecticsplc.com.)

 

 

 

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