18th Dec 2025 16:49
(Alliance News) - Chesterfield Special Cylinders Holdings PLC on Thursday expressed confidence in "significant earnings growth" in financial 2026, as it narrowed its full-year loss.
The Sheffield, England-based engineering firm reported a pretax loss of GBP809,000 for the financial year that ended September 27, narrowed from GBP2.7 million a year prior.
Driving the improved bottom line was a 12% top line gain, as revenue from continuing operations advanced to GBP16.6 million from GBP14.8 million.
Chesterfield Special said the revenue gain reflects strong growth from overseas defence and UK hydrogen contracts and as well as from lifecycle services.
Defence saw revenue rose 15% to GBP12.8 million from GBP11.1 million, with the company noting strong growth from overseas contracts that were secured in the first half of the financial year, and from UK Integrity Management services.
The company also reported a "strong order intake" during the financial year of GBP23.4 million, up 79% from GBP13.1 million. It added that this is underpinned by an order book of GBP16.3 million at the period end, improving from GBP9.5 million.
Administration expenses edged lower as they fell 1.9% to GBP7.1 million.
Shares in the company were up 1.8% at 39.70 pence on Thursday afternoon in London.
Looking ahead, Chesterfield Special Cylinders noted a "robust" defence order book and said "significant opportunities" in the UK hydrogen market underpin a positive outlook for significant earnings growth in financial 2026.
"We were pleased to deliver good strategic progress and significantly improved financial performance in FY25, with earnings ahead of market expectations, starting FY26 with a strong balance sheet and a positive outlook," said Chief Executive Chris Walters.
By Christopher Ward, Alliance News reporter
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