Slide 1: H1 2026 Results
H1 2026 Results Record first half performance, underpinning confidence in exceeding full year market expectations Concurrent Technologies plc 7 September 2026
Slide 2: Agenda and presentation team
Agenda and presentation team Welcome 02 Business and H1 2026 overview 03 Financial review 07 Miles Adcock, CEO Kim Garrod, CFO Strategic priorities 13 Outlook 19 Q&A 20 Concurrent Half year results for the six months ended 30 June 2026 2
Slide 3: A proven UK tech company with global reach
A proven UK tech company with global reach Embedded computing that drives Why Concurrent performance and resilience Defence-led demand +200 4 decades c.90% of revenue from defence customers. employees across UK and US design and of embedded computing expertise Trusted by major OEMs manufacturing si
Slide 4: An agile commercial company selling into very large global defence markets
Concurrent – An agile commercial company selling into very large global defence markets Core Markets $.1.81tn¹ NATO defence expenditure UNITED STATES 2026 estimate • c.45% higher in real terms than 2014 $1.03tn¹ 2026e UNITED KINGDOM $552bn¹ Major equipment & associated R&D 2026 estimate • c.31% of N
Slide 5: A record H1 performance with improving visibility
A record H1 performance with improving visibility Profitable growth Demand Scaling the business Well positioned for accelerating the future Revenue +10% Order intake +110% Manufacturing Entered H2 with record £23.2m £46.9m expansion complete, doubling capacity backlog and strong pipeline PBT +19% LT
Slide 6: Customer programme case study
Customer programme case study One journey, three stages — from first-to-market capability to a 600-system opportunity NOW 2021 – 2025 2025 – 2026 2027 ONWARDS Building capability / $10k's Proving in the field / $m's Scaling the future / $10m's 2021/22 First-to-market Computer Boards... Successfully
Slide 7: H1 2026 financial review
H1 2026 financial review
Slide 8: H1 2026 performance summary
H1 2026 performance summary Revenue +10% EBITDA +20% EBITDA margin % +11% Closing cash +24% £23.2m £4.8m 20% £9.7m 2026 £23.2m 2026 £4.8m 2026 21% 2026 £9.7m 2025 £21.1m 2025 £4.0m 2025 19% 2025 £7.8m 2024 £16.8m 2024 £3.3m 2024 20% 2024 £8.9m Gross profit +10% Profit Before Tax +19% EPS +5% Order i
Slide 9: Revenue split
Revenue split Market segments Customer concentration Defence and aerospace 93.1% Largest customer 10% Industrial and scientific 4.3% Rest of top 10 45% Comms and other 2.6% Other customers 45% Top 10 customers US 51% UK 6% £11.7m £1.5m (FY25 H1: £11.9m / 57%) (FY25 H1: £1.5m / 7%) Europe 26% Asia &
Slide 10: Business units
Business units Systems Products Revenue +9% Op Profit +100% Revenue +11% Op Profit –9% $4.6m $0.5m £19.8m £2.9m FY25 H1: $4.2m FY25 H1: -$0.6m FY25 H1: £17.9m FY25 H1: £3.2m • Mix of revenue key to performance (Design v Production) • Continued strong output from factory • Gross margin increased from
Slide 11: Cash
Increase Cash Decrease Subtotal (£0.9m) Total £8.8m (£11.7m) £5.6m £0.0m £1.8m (£3.0m) (£6.2m) (£3.3m) £0.0m £0.1m (£0.3m) £14.4m £9.7m Opening Profit Increase in Increase in Increase in Tax paid Net cash Capitalised Purchase of Other Net cash Net cash FX impact Closing cash cash (1 (adjusted for tr
Slide 12: Consistent financial delivery
Consistent financial delivery Delivering Growth Robust financial In September 2021 we committed to: discipline and 2022 H1 2023 H1 2024 H1 2025 H1 2026 H1 market adaptability across cycles Revenue £7.4m £12.1m £16.8m £21.1m £23.2m ✓ Invest in product development, launch more products earlier to Orde
Slide 13: Strategic priorities
Strategic priorities
Slide 14: Managing Enterprise Risk
Managing Enterprise Risk Cybersecurity ✓ Assess + prioritise risk A data breach or denied access resulting in ✓ Implement tools and audit against standards reputation, operational, and financial ✓ Response plans in place for 19 scenarios impacts. ✓ Ex-Co "grab packs" for control and comms Focus = Pr
Slide 15: Our Solutions
Our Solutions Embedded computing delivered to some of the world's largest companies for some of the most critical products and deployments TR MS8 Hermod II TR MDx Systems PR A11 Fulla Helios Huey Boards Vulcan Caelus Rhea Magni II Eir Hermes II Iris Apollo Hornet Bragi Kratos Concurrent Half year re
Slide 16: Expanded Colchester factory – a £5.4m investment
Expanded Colchester factory – a £5.4m investment The “Gilbard Court” site is now 19,000 sq ft of space dedicated to production New rooms New machines Oven room and test room, replacing former office Pick and place, soldering and visual inspection – increasing capacity space Oven Room Test Room Pick
Slide 17: New office – The Crescent
New office – The Crescent Located next door The Crescent is a total of 14000 sq ft across 2 wings. The North Wing of The Crescent provides North Wing - It is “HQ” for Group functions. a World Class office Space that provides accommodation for: 40 1 Desks Boardrooms 4 1 Meeting Rooms Media Room The W
Slide 18: Our strategic priorities
Our strategic priorities To deliver Through excellence in culture and operations we strive to be Organically introduce new Acquire businesses to add technology first to market with latest capability e.g. security features building blocks of capability and at pace: technology IP Achieving £100m per a
Slide 19: Outlook
Outlook ✓ Multi-year contracts provide increased visibility of future revenues ✓ Strong order book and growing backlog underpin continued momentum into H2. YTD Orders >£68m (as at 31st August 2026) The Board is ✓ Design wins converting into production programmes confident that ✓ Proactive supply-cha
Slide 20: Q&A
Q&A
Slide 21: Board of Directors
Board of Directors Miles Adcock Kim Garrod Brent Salgat Mark Cubitt Nat Edington Issy Urquhart Chief Executive Officer Chief Financial Officer Chief Revenue Officer Chairman Non-Executive Director Non-Executive Director Miles joined Concurrent Kim was appointed as Brent joined the Company Mark has b
Slide 22: A proven UK tech company with global reach
A proven UK tech company Where you’ll find us with global reach ✓ 183 employees across UK and US A Support Centre A Design Centre design and manufacturing sites - Woburn, - Theale, Berkshire, UK ✓ Global network of sales partners Massachusetts, USA ✓ c.90% of revenue from defence customers Computer
Slide 23: Embedded computing that drives performance and resilience
Embedded computing that drives performance and resilience For some of t he world's largest OEM's, we design and manufacture: Defence: Our products enable military operations to run smoothly and ensure teams stay connected and mission- ready, including: Embedded processing boards: powerful circuit bo
Slide 24: Cashflow
Cashflow Concurrent Half year results for the six months ended 30 June 2026 24
Slide 25: P&L
P&L Concurrent Half year results for the six months ended 30 June 2026 25
Slide 26: Balance Sheet
Balance Sheet Intangibles o £16.1m Products o £2.5m related to acquisition of Phillips o £0.5m ERP Inventories o Increasing from year end for growth o End of life c.£2m o Provision for slow moving c.£1m Trade Receivables & Payables o Phasing of revenue & invoicing o Receivables include £6.7m of defe