13th Apr 2026 12:07
(Alliance News) - Concurrent Technologies PLC on Monday said it expects to meet market expectations for 2026, as it posted advances in its top and bottom lines for 2025.
The company also announced that its CFO intends to step down at the end of this year.
Colchester, England-based Concurrent is a designer and manufacturer of computer products for use in critical embedded applications.
The company reported GBP6.5 million in pretax profit for 2025, up 26% from GBP5.2 million a year earlier.
Driving the improved earnings was a 14% top-line gain, as revenue advanced to GBP45.9 million from GBP40.3 million.
Concurrent said sales to the US rose 30%, with Systems accounting for the majority of this at 23%. It added that US sales now make up over half of Concurrent's revenue at 52%, up from 45%.
Concurrent proposed a final and therefore total dividend of 1.155 pence per share, up 5.0% from 1.1p a year earlier.
Shares in the company fell 5.7% to 195.60 pence on Monday around midday in London.
Looking ahead, Concurrent reported positive momentum in early 2026, with this supported by a record order intake, a growing pipeline of design wins and expanded operational capacity.
The company said it is confident in delivering a full-year performance in line with market expectations. Concurrent noted that current market expectations include revenue of GBP52.0 million and pretax profit of GBP8.0 million.
Concurrent also said on Monday that Chief Financial Officer Kim Garrod plans to step down, but will remain in her role until the end of the year to ensure a smooth transition.
The company said it has begun an external recruitment process to identify Garrod's successor.
"Concurrent delivered another year of strong financial and strategic progress in 2025, with double-digit growth in revenue and profit alongside a record order intake.
"This performance reflects continued momentum in our core Products business and encouraging progress in Systems, where ongoing investment is building a platform for future scale," said Chief Executive Miles Adcock.
"While cognisant of the broader macro-economic environment, underlying market dynamics remain supportive and the strength of the company's pipeline, our robust balance sheet and disciplined supply chain management mean that the board is confident of delivering results for FY26 in line with market expectations."
By Christopher Ward, Alliance News reporter
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