CONCURRENT TECHNOLOGIES PLC - Interim Results

Concurrent Technologies PLC delivered a record first-half performance in 2026, with revenue rising to £23.2 million and profit before tax reaching £3.2 million. Order intake was particularly strong at £46.9 million, broadly matching the full-year record achieved in 2025, while year-to-date order intake had reached £68 million by 1 September. Approximately two-thirds of first-half orders related to previously secured design wins, including a milestone-based £17 million contract, highlighting the growing conversion of the company’s embedded computing design pipeline into production revenue. The company’s design wins now represent an estimated programme value of £129 million, providing significant long-term growth visibility. Concurrent Technologies’ Systems division also moved into profitability, with gross margin improving from 13.3% to 26.3% as higher-value production work increased. The group has doubled manufacturing capacity at its Colchester facility and invested in new equipment, engineering capability and product development to support a strong second half and future expansion. Despite ongoing electronics supply-chain pressures, the company maintained gross profit and ended the period with a strong cash position and no debt. Its diversified portfolio of embedded computer boards, systems, graphics, storage and related technologies remains well positioned to benefit from global defence electronics spending. With a growing order book, book-to-bill above one, multi-year revenue visibility and further acquisition opportunities under consideration, management remains confident in exceeding current-year expectations and achieving continued growth through 2027 and 2028.