Business
Half Year Report
SRT Marine Systems PLC reported a strong first half for the period ending December 31, 2025, with revenues increasing by 95% to £51.1 million and profit before tax rising by 48% to £3.1 million. The company's gross cash position grew by 86% to £41.6 million, and it maintains an active contract order book of £350 million from five sovereign customers. Post-period, a new £195 million contract was signed with a sixth sovereign customer, pending activation, and the company has a further £1.8 billion in validated new system contract prospects. The first unmanned surface surveillance vessel program is now operational, and the new NEXUS VHF/AIS marine communications system has launched. Disclaimer*
About this update from Srt Marine Systems Plc
[{"type":"text","content":"\n\nThe information communicated in this announcement contains inside information for the purposes of the UK Market Abuse Regulations and is disclosed in accordance with the Company's obligations.\n \n \n \nSRT MARINE SYSTEMS PLC (\"SRT\" or the \"Group\")\n \nHALF YEARLY REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2025\n \nSRT, the AIM-quoted developer and supplier of sovereign civil defence maritime surveillance systems, and navigation safety devices announces its unaudited interim results for the six months ended 31 December 2025 (the \"Period\").\n \nFirst Half Highlighted\n \n· 95% increase in revenues to £51.1m (H1 2024: £26.2m).\n \n· 48% increase in profit before tax to £3.1m (H1 2024: Profit before tax £2.1m).\n \n· 86% increase in total gross cash at 31 December 2025 to £41.6m (H1 2024: £22.4m).\n \n· £350m active contract order book from five active sovereign customers, reflecting the group's strong track record of converting its visible new contracts pipeline into active contracts\n \n· £195m new contract with new (sixth) sovereign signed post period end, pending activation. £1.8bn of further validated new system contract prospects from new and existing customers. Five active sovereign customers and systems.\n \n· First unmanned surface surveillance vessel (USSV) program fully operational and conducting 24/7 missions within an SRT-MDA System program.\n \n· NEXUS VHF/AIS marine communications system launched commenced shipping shortly post period end.\n \n \nCommenting on today's results, Simon Tucker, CEO of SRT said:\n \n\"Our business continues to accelerate in line with the growing global market for, and interest in, maritime domain awareness. Today's results reflect our strategic first-mover advantage and years of sustained investment in technology, products, people and market development, which have positioned SRT as a market leader that the market and our customers trust for their growing MDA requirements. I look forward to continued growth in the second half and in the years ahead.\" \n  ...