Business
€8m Contract, Trading Update and Investor Meeting
Tekmar Group plc has secured a significant €8m contract for a UK offshore wind farm, with revenue recognition expected in FY26 and FY27. The company anticipates reporting FY25 revenue around £29m and achieving above breakeven adjusted EBITDA, with a notable improvement in the second half of FY25 compared to the £0.7m loss in H1 25. As of September 30, 2025, net debt stood at £2.8m. Tekmar has experienced strong commercial momentum, securing approximately £29m in new orders since July 1, 2025, resulting in a record order book 60% higher than the previous year, with deliveries scheduled for FY26 and FY27. Disclaimer*
About this update from Tekmar Group Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is considered to be in the public domain.\n \nTekmar Group plc\n(\"Tekmar\", the \"Company\" or the \"Group\")\n \n€8m Contract, Trading Update and Investor Meeting\n \nTekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, is pleased to announce a significant contract award and an update on trading for FY25 and order book development. The Company will also host an investor presentation via Investor Meet Company on Thursday, 11 December 2025 at 10am GMT, with further details of this event provided below.\n \nSignificant €8m contract award\nTekmar has been awarded a contract with an existing Engineering, Procurement and Construction (EPC) customer for a major UK offshore wind farm. The project value is in excess of €8m and the scope of work includes the engineering and supply of Tekmar's 10th Generation Cable Protection System and associated cable ancillaries. The Group will deploy its in-house engineering expertise and holistic CPS design capabilities to deliver an optimised solution for the project's specific conditions. Delivery is scheduled for March 2027, with revenue recognition expected across the Group's FY26 and FY27 financial periods.\n \nUpdate on trading for FY25 - an improved second half performance\nThe Board expects to report revenue for the year-ended 30 September 2025 (\"FY25\") in the region of £29m and above breakeven adjusted EBITDA. This is in-line with market expectations and reflects the anticipated profit weighting to the second half of FY25 (\"H2 25\"). A concerted effort was made through FY25 to develop a sustainably larger pipeline of work with a higher degree of both geographical and end market diversification. The benefit of this became increasingly apparent as the second half of FY25 progressed, with adjusted EBITDA for H2 25 showing a material improvement on the H1 25 adjusted EBITDA loss of £0.7m.\n \n...