REG - Tekmar Group PLC - Second €8m Offshore Wind Contract Award

TekmarAnnouncement

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RNS Number : 0335M  Tekmar Group PLC  18 December 2025

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")

 

Second €8m Offshore Wind Contract Award

 

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
significant contract award in excess of €8 million with an existing
Engineering, Procurement and Construction (EPC) customer.

 

The scope of work comprises the supply of Tekmar's 10th Generation Cable
Protection System (CPS) and associated ancillaries for a major UK offshore
wind farm. Tekmar will deploy its in-house engineering expertise and holistic
CPS design capabilities to deliver an optimised technical solution for the
project. Subject to Final Investment Decision (FID) in early 2026, delivery
will be late 2027, with revenue phased across the Company's FY26 and FY27
financial periods.

 

The contract award reflects the strength of Tekmar's relationship with this
existing customer and its proven track record in delivering reliable,
technically robust protection technology.

 

Richard Turner, Chief Executive Officer of Tekmar Group, commented:

"We are delighted to continue our long-standing relationship with this
customer through the award of another major project. This contract reinforces
Tekmar's position as the clear market leader in subsea asset protection, with
our technologies protecting two thirds of the world's installed offshore wind
capacity.

 

This significant contract builds on our growing success and order book
momentum, which is improving utilisation and provides longer term revenue
visibility."

 

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 collaborates with its partners to deliver robust and
sustainable engineering led solutions that enable the world's energy
transition.

 

Through our Offshore Energy and Marine Civils Divisions we provide a range of
engineering services and technologies to support and protect offshore wind
farms and other offshore energy assets and marine infrastructure. With near 40
years of experience, we optimise and de-risk projects, solve customer's
engineering challenges, improve safety and lower project costs. Our
capabilities include geotechnical design and analysis, simulation and
engineering analysis, bespoke equipment design and build, subsea protection
technology and subsea stability technology.

 

We have a clear strategy focused on strengthening Tekmar's value proposition
as an engineering solutions-led business which offers integrated and
differentiated technology, services and products to our global customer base.

 

Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global
reach with offices, manufacturing facilities, strategic supply partnerships,
and representation in 18 locations 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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