Tekmar Reports Record Orders, Positive Outlook

Tekmar, a County Durham firm specializing in offshore energy services, released its annual results for FY2025. Despite a slight dip in revenues to £28.7m and a loss of £3.9m, the company remains optimistic. New orders totaling £43m have boosted their order book to a record high. The sale of their former Innovation House building for £2.8m strengthened their balance sheet. CEO Richard Turner highlighted progress on Project Aurora and better profitability in the second half of the year. Looking ahead, Tekmar expects steady, profitable growth in the new financial year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/11ea45c5ea8cf1ce