REG - Synectics PLC - Full Year Trading Update

SynecticsAnnouncement

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RNS Number : 8347L  Synectics PLC  17 December 2025

 17 December 2025

 

Synectics plc

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

 

Full Year Trading Update

 

Synectics plc (AIM: SNX), a leader in advanced security and surveillance
solutions, provides an update on trading for the year ended 30 November 2025
("FY 2025").

 

FY 2025 Update

 

The Group has delivered a solid performance in FY 2025, reflecting continued
momentum across core markets and the successful delivery of a significant
contract in the leisure and hospitality sector.

 

Revenue for the year is expected to be approximately £68 million (FY 2024:
£55.8 million), with adjusted* EBITDA of £8.5 million (FY 2024: £6.3
million) and adjusted* PBT of no less than £6.0 million (FY 2024: £4.7
million). This performance includes the delivery of a significant,
non-recurring gaming contract in South-East Asia, previously highlighted in
the Group's interim results, which contributed approximately £12 million to
FY 2025 revenue.

 

As at 30 November 2025, the Group had an order book of approximately £26.5
million (31 May 2025: £35.1 million; 30 November 2024: £38.5 million). The
change in order book from the prior year end predominantly reflects the
completion of the significant gaming contract which had previously been
included in this figure, as well as some impact from global economic
conditions delaying the timing of certain project approvals, particularly in
oil and gas.

 

At 30 November 2025, the Group had a record cash balance of £14.1 million (31
May 2025: £12.1 million; 30 November 2024: £9.6 million).  This strong
position provides the Group with the ability to fund its investment programme
and continue exploring selective acquisition opportunities aligned with its
strategic priorities.

 

Reflecting the Board's continued confidence in the business' prospects, an
increased final dividend of 2.8 pence per share (FY 2024: 2.5p) is
recommended, giving an increased total dividend up 11% to 5.0 pence per share
(FY 2024: 4.5p).

 

Strategic Progress and Outlook

 

In its FY 2024 results, Synectics outlined a refreshed strategy to align
long-term objectives, accelerate growth and position the Group for long-term
value creation. Throughout FY 2025, the Group has made positive initial
progress on this strategy, which has evolved into a business-wide
transformation, transitioning from a bespoke, project-led model to a scalable,
product-led software platform with defined sector focus and partner centric
global reach. As part of this progress, key leadership roles have been
appointed to support delivery and execution.  This strategy will drive higher
margin growth, improve the quality of revenue and scale the business in a
sustainable way.

 

Looking ahead, the Group enters FY 2026 with a solid order book and growing
momentum in strategic execution. FY 2026 will reflect the absence of the
one-off gaming contract delivered in FY 2025; however, the Group continues to
see solid demand and has good visibility on its new business pipeline.
Recent contract wins in the renewables and decarbonisation sectors reflect
early traction from the Company's strategic initiatives to broaden its market
reach and diversify its end markets.

 

As previously highlighted in the Group's interim results and the 16 October
2025 trading update, increased investment is anticipated in line with the
Group's long-term growth priorities, funded from existing cash resources, as
the Group executes its strategic transformation and continues to build the
capabilities required to scale.

 

Given the evolving nature of this transformation, a more detailed view of FY
2026 and future year expectations will be provided alongside the full year
results in March 2026.  The Board remains confident in Synectics' strategy
and prospects.

 

Amanda Larnder, Chief Executive Officer, commented:

"FY 2025 has been a positive year for Synectics, with the delivery of a solid
financial performance and strong early progress on the strategic
transformation of the business.  We are focussed on aligning Synectics to the
scale of the opportunity ahead - building a more scalable, product-led
software platform business with stronger technology, a clearer go-to-market
model, and a structured partner ecosystem.

 

We enter FY 2026 with a solid order book, a robust balance sheet, growing
traction across our core and emerging markets and real momentum in delivering
our strategy. I am confident that the changes we are making now will deliver
long-term growth and stakeholder value creation."

 

*before share-based payment charge and exceptional items

 

For further information, please contact:

 

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

 Amanda Larnder, Chief Executive Officer                                   www.synecticsplc.com

                                                                         (https://url.avanan.click/v2/___http:/www.synecticsplc.com___.YXAxZTpzaG9yZWNhcDphOm86NTYwYTllNmRlNmEwMDZmMWYwNTkzZGIxYTRhYzMwZGI6NjpmZDdmOjU4MjU3MDliNWJmOWIyMGFjMjkxZGZhYzcwNzk1ZjUxY2FkNGM5NWQyYWU4ODAxMTUxOTg3ZDc1ZmNkYjk3NWI6cDpG)
 Paul Williams, Chief Financial Officer

 email: info@synecticsplc.com (mailto: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 / Peter Jacob

 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.
(https://url.avanan.click/v2/___http:/www.synecticsplc.com.___.YXAxZTpzaG9yZWNhcDphOm86MDExZjIwZjU0MjdiNzQ1Y2FjMTYzMjUzMTQwOWE5NGI6NjpjMDkzOjFlZjc4OGUxNGVlY2Q3YjQ0Y2FmMGE5NDk0NmJjMzQ4YTVkYjM0YWY2YzRmOTJlNjcwN2M0M2E3NzQwMGI0YTA6cDpUOk4)

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