29th Jul 2025 11:57
(Alliance News) - Filtronic PLC on Tuesday said it benefited from higher value contracts as it reported a surge in full-year sales and profit.
Pretax profit ballooned to GBP13.4 million in the 12 months ended May 31 from GBP3.4 million a year prior as revenue more than doubled to GBP56.3 million from GBP25.4 million.
Adjusted earnings before interest, tax, depreciation and amortisation multiplied to GBP17.0 million from GBP4.9 million a year ago. Basic earnings per share leapt to 6.42 pence from 1.45p.
Filtronic said trading in the second half of the financial year "materially exceeded expectations" with the company benefiting from a greater proportion of business coming from higher-value space and aerospace and defence contracts.
Chief Executive Nat Edington said financial 2025 has been a "transformative" year for Filtronic.
"Our record revenue growth and landmark wins in the Space and Defence sectors reflect the trust placed in us by global players and that our technology is meeting real world demand," he added
The firm highlighted a record order intake in the Space sector, including a landmark agreement with SpaceX, and new contract awards with Viasat, European Space Agency and Airbus SE.
It also noted a strengthened position in the Defence sector, demonstrated by the recent airborne radar application contract with Leonardo Spa and progress made with the QinetiQ Group PLC and BAE Maritime Systems programmes.
Looking ahead, Filtronic said a healthy cash position enables continued investment in revenue growth initiatives to deliver the strategic plan.
While an "expanding pipeline across key markets leaves the business in a strong position to meet market expectations for FY2026."
Filtronic disclosed a cash position of GBP14.5 million at May 31, up from GBP7.2 million a year prior.
Filtronic said it entered financial 2026 with "strong commercial momentum, a robust order book, and an organisation capable of scaling further."
No dividend was declared as Filtronic said its strategic focus remains firmly on long-term value creation.
"Given the significant growth opportunities ahead, we are not proposing a dividend for FY2025. We believe retaining capital to invest in technology development, talent acquisition, and infrastructure expansion is the most effective way to drive sustainable shareholder returns," the firm explained.
Shares in Filtronic were down 0.1% at 151.55p in London on Tuesday. They have more than doubled in the last 12 months.
By Jeremy Cutler, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
BAE SystemsQinetiqFiltronic