Business
AGM Trading Update
Synectics plc provided a trading update ahead of its Annual General Meeting, indicating that trading for the first five months of the year ending 30 November 2026 is broadly in line with management expectations, with positive activity in leisure and hospitality, including its largest contract win to date in Canada, and additional contracts totalling over £1.4 million in the UK public sector. While the energy sector faces delays due to geopolitical uncertainty, the company expects full-year revenue and profitability to be weighted towards the second half, and currently anticipates trading to be in line with market expectations of £62.0m revenue and £4.1m adjusted EBITDA, subject to energy sector normalisation. Synectics is progressing with its strategic transition, funded by existing cash resources, to position the business for scalable growth. Disclaimer*
About this update from Synectics Plc
[{"type":"text","content":"\n\n \n\n \nSynectics plc\n(\"Synectics\", the \"Company\" or the \"Group\")\n \nAGM Trading Update\n \n \nSynectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, today provides shareholders with an update on trading ahead of its Annual General Meeting, taking place later this morning.\n \nPositive activity has continued across a number of the Group's core markets with trading in the first five months of the year ending 30 November 2026 (\"FY 2026\") broadly in line with management expectations. \n \nIn the leisure and hospitality sector, the Company has seen strong order intake in the North American gaming market and secured contracts with several new customers, further expanding its market presence. This includes the Company's largest contract win to date in Canada, with its surveillance solution selected for a large-scale casino and integrated resort in Ontario.\n \nThe Group has also secured additional contracts with both existing and new customers across its critical infrastructure, public space and transport sectors. This includes recent contract wins totalling over £1.4 million with a UK regional authority, covering approximately 220 buses, which will focus on enhancing operational efficiency and improving passenger and driver safety.\n \nWithin the energy sector, against a backdrop of ongoing geopolitical uncertainty, some customers have delayed project and infrastructure investment decisions although the scale and quality of these opportunities remain unchanged. As a result, the timing of certain contract awards and project activity in the energy sector is unclear at this stage.\n \nRevenue and profitability for the full year will be weighted towards the second half of the year, consistent with the historical profile of the business1.\n \nSubject to energy sector activity normalising through the second half, the Board currently expects trading for FY 2026 to be in line with market expectations2.\n \nThe Company continues to make good progress with its strategic transition, announced as part of the final results in March. The simplification of the Synergy deployment and development of the partner programme is progressing well, alongside strengthening the go to market strategy, and value proposition development. The operating mod...