17th Dec 2025 15:29
(Alliance News) - Synectics PLC on Wednesday said it delivered a "solid" performance with full-year earnings expected to be higher than the year before, as a significant, non-recurring gaming contract boosted revenue but softened the order book.
Shares in Synectics fell 18% to 236.70 pence on Wednesday afternoon in London.
In a trading update, the Sheffield, England-based provider of advanced security and surveillance systems said revenue is expected to be approximately GBP68 million for the year ended November 30, representing a 22% increase from GBP55.8 million the year before.
Adjusted earnings before interest, taxes, depreciation, and amortisation are expected to be GBP8.5 million, a 35% rise from the prior year.
Adjusted pretax profit is expected to be no less than GBP6.0 million, up 28% from GBP4.7 million.
Synectics said this performance includes a non-recurring gaming contract in Southeast Asia, which contributed approximately GBP12 million to the full-year revenue.
The company said financial 2026 "will reflect the absence of the one-off gaming contract" delivered in financial 2025.
As of November 30, the company's order book stood at approximately GBP26.5 million, down 31% year-on-year from GBP38.5 million. Synectics attributed this to the completion of the gaming contract, as well as project approvals delayed by "global economic conditions".
The company's cash balance stood at GBP14.1 million, up 47% from GBP9.6 million last year.
Synectics recommended a final dividend of 2.8p per share, up 12% year-on-year. This brings the total dividend for the year to 5.0p per share, rising 11% from 4.5p.
"FY 2025 has been a positive year for Synectics, with the delivery of a solid financial performance and strong early progress on the strategic transformation of the business," said Chief Executive Amanda Larnder.
"We enter FY 2026 with a solid order book, a robust balance sheet, growing traction across our core and emerging markets and real momentum in delivering our strategy. I am confident that the changes we are making now will deliver long-term growth and stakeholder value creation," Larnder added.
By Roya Shahidi, Alliance News reporter
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