24th Jun 2025 13:25
(Alliance News) - CML Microsystems PLC on Tuesday said it swung to a pretax loss in the 2025 financial year from a profit a year ago, despite stable revenue, as it faced an impairment charge.
The Essex, England-based developer of mixed-signal, radio frequency and microwave semiconductors for communications markets said it swung to a pretax loss of GBP766,000 in the 12 months to the end of March from a profit of GBP2.5 million a year ago.
Revenue was unchanged at GBP22.9 million, while cost of sales edged 4.9% higher to GBP7.0 million from GBP6.7 million.
CML Microsystems faced an impairment charge of goodwill and intangibles of GBP1.6 million in financial 2025, compared to none in the prior year.
Profit from operations was impacted by higher costs from the full-year inclusion of Microwave Technology Inc and its factory relocation, the company added.
CML Microsystems declared a final dividend of 6.0 pence per share, unchanged from the prior year. The full dividend for the year was also unchanged at 11.0p.
Managing Director Chris Gurry said the company is now "poised" to enter a "new chapter focused on sustainable growth and long-term value creation" after a multi-year transformational strategy.
Gurry said the firm is confident in its medium-term prospects.
"The enhanced product suite positions us well to capitalise on emerging opportunities across key sectors, including wireless, network infrastructure, satellite, aerospace & defence, industrial internet of things and broadcast radio," Gurry added.
CML said it is taking a "measured approach" to expectations for the first half of the year, amid ongoing market softness.
It expects an improvement in the second half due to product shipments restarting after supplier re-sourcing activities and order intake in the first half.
"Over this period, we have fundamentally reshaped the business, enhancing efficiency, expanding our technology capabilities, and significantly broadening our product portfolio," said Managing Director Chris Gurry.
"Supported by a strong financial foundation and a disciplined growth strategy, we are well-equipped to navigate current challenges and intend to continue investing in innovation, customer engagement, and strategic partnerships that will drive the business forward."
Shares in CML Microsystems were up 4.0% at 236.00 pence in London on Tuesday afternoon.
By Michael Hennessey, Alliance News reporter
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