- Concurrent Technologies
- 20 January 2026 14:08:40
Source: Sharecast
The AIM-traded group said unaudited management accounts indicating both revenue and profit before tax for the year ended 31 December were in line with market expectations, compared with revenue of £40.3m and profit before tax of £5.2m in the prior year.
Market consensus as at mid-January pointed to revenue of £46m and profit before tax of £6.2m.
The company said performance reflected broad-based demand growth across its end markets, particularly in Europe and Asia-Pacific.
Total order intake for the year reached a record £47m, up from £41m in 2024, driven by strong demand from global prime contractors and original equipment manufacturers.
Concurrent ended the year with cash at bank of £14.4m, up from £13.7m a year earlier, with higher year-end debtor balances reflecting seasonally elevated invoicing levels.
During the year, the company secured its largest single order to date after expanding a previously-announced design services contract with a major defence prime contractor.
The contract, initially valued at $5.2m, was increased by a further $1m to $6.2m and included the design and supply of automatic test equipment to support in-house production and testing.
Concurrent said the expanded scope highlighted the early commercial traction and longer-term growth potential of its design services offering.
Looking ahead, the company said it entered the new financial year with good momentum, supported by a strong order book, a growing pipeline of design wins expected to convert into production revenues, and a solid balance sheet.
Management said strategic plans were in place to manage component costs as required while continuing to invest in growth.
“2025 was another strong year for Concurrent, in which we continued to execute on our stated strategy, as planned,” said chief executive officer Miles Adcock.
He added that with new Los Angeles facilities fully operational and the Colchester relocation expected to complete in the first half of 2026, the business was entering “a new phase of operational capacity”, with prior design wins beginning to translate into meaningful orders.
At 1342 GMT, shares in Concurrent Technologies were down 1.93% at 223.6p.
Reporting by Josh White for Sharecast.com.