UK's Synectics slides on revenue drop, energy project delays

Synectics

18/08/2026 08:15

** Security solutions provider Synectics SNXS.L falls 13.3% to 180p
** First-half revenue plunges 37%, reflecting the absence of a one-off £7.8 mln gaming contract booked last year; energy project delays caused by Middle East conflict-related disruption
** Co says strategic transformation remains on track to accelerate growth from FY27, with FY guidance still achievable despite uncertainty over timing of energy projects
** Separately, co appoints Jon Kempster as interim chair, replacing Bob Holt OBE
** Up to last close, stock down 7.8% YTD
($1 = 0.7394 pounds)

(Reporting by Anushka Chourasia in Bengaluru)
((Anushka.Chourasia@thomsonreuters.com))