CALNEX SOLUTIONS PLC - Final Results for the year ended 31 March 2025

Calnex Solutions PLC delivered a strong FY26 investor update, reporting 19% revenue growth to £21.9m, improved profitability and a robust balance sheet, with cash rising to £11.2m post year-end collections. The company maintained strong gross margins of around 75%, with underlying EBITDA margin improving to 8% and profit before tax increasing to £1.2m, supported by positive operational gearing and repeat revenue from a global customer base. Calnex continues to diversify beyond telecoms into high-growth digital infrastructure, data centre, hyperscaler, government and defence markets, with FY26 orders split across digital infrastructure, telecoms, and government and defence. Strategic investment remains focused on product innovation, including next-generation 800G and 1.6Tb network test solutions, Sentry V2 for data centre monitoring, and enhanced network emulation products targeting AI-driven infrastructure demand. Management highlighted strong customer relationships, a healthy sales pipeline, repeat orders from hyperscale customers, and expanding go-to-market partnerships, including Viavi. With continued R&D investment, targeted sales hires and an increased dividend, Calnex is positioning for accelerated revenue growth from FY28 and beyond.