REG - Tekmar Group PLC - £4m Contract for European Offshore Wind Project

TekmarAnnouncement

13/02/2026 10:30

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RNS Number : 9625S  Tekmar Group PLC  13 February 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 Company's obligations under Article 17 of
MAR. Upon the publication of this announcement via a Regulatory Information
Service, this inside information is considered to be in the public domain.

Tekmar Group plc

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

 

£4m Contract for European Offshore Wind Project

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology
and offshore energy services, is pleased to announce that it has secured a
contract valued in excess of £4 million for the supply of its 10(th)
Generation Cable Protection Systems ("CPS") and associated ancillaries to a
large European offshore windfarm.

 

The contract has been awarded by an established customer. Tekmar will deploy
its in-house engineering expertise and holistic design capabilities to deliver
an optimised technical solution for the project. Delivery is scheduled during
FY27, with revenue recognition expected across both FY26 and FY27.

 

This award reinforces Tekmar's leading position within the offshore wind
industry, with over 12,000 systems protecting more than two thirds of the
world's installed offshore wind capacity.

 

Phil Lanigan, CFO of Tekmar Group plc, commented:

"This contract reflects continued delivery against Project Aurora, adding
further depth to our record order book and enhancing visibility into FY27.
Since 1(st) July 2025, Tekmar has secured £43m of order intake, including in
excess of £15 million scheduled for execution beyond 30 September 2026. This
represents a step change in orderbook strength and early visibility from
historical levels."

 

Richard Turner, CEO of Tekmar Group plc, commented:

"We are delighted to support our customer on this project, which represents
another landmark European offshore wind development utilising Tekmar's
differentiated CPS technology.

 

We are encouraged by recent newsflow which evidences the long-term growth
opportunity in this maturing market. The increased European intergovernmental
collaboration announced with the Hamburg Declaration supports the acceleration
of offshore wind deployment with interconnected cross-border assets increasing
energy security and certainty of supply.

 

This announcement comes after the UK delivered a record-breaking offshore wind
auction in January 2026, securing 8.4 GW of additional offshore wind capacity.
These key industry milestones enhance our market visibility and align directly
with our Project Aurora growth strategy."

 

Enquiries:

 

 Tekmar Group plc                                              c/o +44 (0)20 4582 3500
 Richard Turner, CEO

 Phil Lanigan, CFO

 Cavendish Capital Markets Limited (Nomad and Broker)          +44 (0)131 220 9772
 Peter Lynch

                                                             +44 (0)131 220 9771
 Neil McDonald

                                                             +44 (0)131 220 9775
 Pearl Kellie

 Gracechurch Group (Financial Media & Investor Relations)      +44 (0)20 4582 3500

 Murdo Montgomery

 Alexis Gore

 

About Tekmar Group plc

 

Tekmar Group plc is a leading provider of asset protection technology and
offshore energy services, supporting the global energy transition and marine
infrastructure markets.

 

Operating across two core divisions - Asset Protection Technology and Offshore
Energy Services - the Group delivers proprietary, engineering-led solutions
that protect, stabilise and extend the life of critical offshore assets,
including offshore wind farms, subsea interconnectors, oil and gas
infrastructure, and ports and harbours.

 

With 40 years of experience, Tekmar has delivered asset protection and
stabilisation solutions to more than 120 offshore wind projects across 25
countries, supporting over 40GW of installed capacity globally. The Group has
deployed over 12,000 cable protection systems, supplied more than 100,000
subsea stabilisation products, and delivered in excess of 300,000 geotechnical
and analysis hours, underpinned by a team of specialist engineers across
multiple disciplines.

 

Through continuous innovation and scalable engineering and manufacturing
capability, Tekmar supports increasingly complex offshore energy and marine
infrastructure developments worldwide.

 

Headquartered in Newton Aycliffe, UK, Tekmar Group operates internationally
with offices, manufacturing facilities, strategic supply partnerships and
representation across Europe, Africa, the Middle East, Asia Pacific and North
America.

 

For more information visit: www.tekmargroup.com (http://www.tekmargroup.com/)

 

 

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