Tekmar Group Plc · LSE:TGP
Tekmar — H1 FY2026 Earnings Presentation
27 slides from Tekmar's earnings presentation, June 2026
Slide 1: FY26 Half Year Results
FY26 HALF YEAR RESULTS Safeguarding the world’s offshore energy infrastructure
Slide 2: Disclaimer
DISCLAIMER This document, which comprises an overview of the Company (the "Presentation"), has been prepared by, and is the sole responsibility of, Tekmar Group PLC (the "Company"). The Presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be com
Slide 3: Agenda
AGENDA Richard Turner Chief Executive Officer 01 02 Overview Financials 03 04 Phil Lanigan Chief Financial Officer Project Aurora Outlook 3
Slide 4: We Are Tekmar
WE ARE TEKMAR We safeguard the world’s critical offshore infrastructure ASSET PROTECTION OFFSHORE ENERGY What we do TECHNOLOGY SERVICES Subsea protection systems for cables, pipelines, and foundations. Concrete-based asset stabilisation and protection. Full lifecycle support from early-stage enginee
Slide 5: A Trusted and Proven Partner
A TRUSTED AND PROVEN PARTNER Protecting over Over Delivering protection, stabilisation, and engineering for the world’s most complex offshore energy projects. 14000 50GW 100,000 subsea stabilisation products in service Supporting projects in over 25 countries around the world Over 12000 10000 CPS su
Slide 6: Continued Positive Momentum
CONTINUED POSITIVE MOMENTUM Record order Increased book – 2.5x Managing impact of volume and higher than 12 Middle East utilisation – months ago with uncertainties revenue up 31% >£50m of work secured LTM On track to Actively Enhanced deliver a assessing funding materially strategic flexibility stro
Slide 7: Financials
TEKMAR FINANCIALS
Slide 8: KPIs Illustrate Strong First Half Performance
KPIs ILLUSTRATE STRONG FIRST HALF PERFORMANCE The Group delivered an improved trading performance in the first half, consistent with its guidance £1.4m improvement in EBITDA reflects the benefits of Project Aurora: Revenue Gross profit margin EBITDA1 ▪ Increased volumes £16.2m 30.5% £0.0m ▪ ▪ Higher
Slide 9: Summary Income Statement
SUMMARY INCOME STATEMENT Tangible benefits of Project Aurora FY26 H1 FY25 H1 FY25 Revenue up 31% on FY25 H1 £m • Weighted towards Oil & Gas and Middle East in H1 • Delivery of Project Aurora objective of cross selling products Revenue 16.2 12.3 28.7 markets and regions. Gross Profit 4.9 3.5 9.8 Gros
Slide 10: Summary Balance Sheet
SUMMARY BALANCE SHEET Banking facilities renewed with additional flexibility from property disposal As at As at As at Investment property sold February for £2.8m net of fees/expenses £m Mar-26 Mar-25 Sep-25 with cash retained to support growth Fixed Assets 3.6 4.1 3.8 Trade & other receivables inclu
Slide 11: Summary Cash Flow
SUMMARY CASH FLOW Disciplined cash flow management to support growth whilst managing the ongoing impact of events in the Middle East £m As at As at As at Net outflow of cash from working capital Mar-26 Mar-25 Sep-25 • Investment in larger Middle East Oil & Gas projects, through a developing local su
Slide 12: Project Aurora
TEKMAR PROJECT AURORA
Slide 13: Project Aurora
PROJECT AURORA Project Aurora is Tekmar’s value creation strategy. It is a three-to-five-year strategic framework designed to bring true scale, profitability, and resilience to the group. Aurora is built around three pillars – Scaling the Business, Operational Excellence and Strategic Investment. 13
Slide 14: We Are All Safe
WE ARE ALL SAFE Tekmar is in the business of protecting assets. This includes OUR PEOPLE who are the foundation of the Business and our greatest asset. ALLSAFE is a Behaviour Based Safety (BBS) strategy that aims to protect our people by focusing on individual and collective behaviours to create an
Slide 15: Scaling the Business
TEKMAR OCALING THE BUSINESS
Slide 16: Continued Market Momentum
CONTINUED MARKET MOMENTUM Sustained increase in market demand for Tekmar’s technology Offshore Wind: UK auction success UK AR7; 8.4GW awarded. Increased collaboration between European countries with the Hamburg declaration signed in January 2026. Energy Transition: Oil & Gas; continued investment es
Slide 17: Financing Growth
FINANCING GROWTH Enhanced funding flexibility supports Project Aurora Unwinding of aged debtor balance – £1.5m recovered from aged China debt over past 18 months Sale of Innovation House for £2.84m in February 2026 – converts a long-term asset into cash to support growth Debt facilities provide enha
Slide 18: Operational Excellence
TEKMAR OPERATIONAL EXCELLENCE
Slide 19: Reorganised, Refocused & More Effective Organisation
REORGANISED, REFOCUSED & MORE EFFECTIVE ORGANISATION The business has moved from being three separate operating entities to one cohesive business operating across two verticals BRAND SAFEGUARDING THE WORLD’S CRITICAL OFFSHORE INFRASTRUCTURE WHAT WE DO ASSET PROTECTION TECHNOLOGY OFFSHORE ENERGY SERV
Slide 20: Supply Chain Management – Driving Margin Performance
SUPPLY CHAIN MANAGEMENT – DRIVING MARGIN PERFORMANCE Tekmar has developed an agile and resilient supply chain: • Multiple sourcing paths and qualified alternatives reduce single-point dependency • Category plans improve capacity access, leverage and price discipline • Localisation in appropriate ter
Slide 21: Strategic Investment
TEKMAR STRATEGIC INVESTMENT
Slide 22: Strategic Investment
STRATEGIC INVESTMENT Complementary investment to accelerate value creation Project Aurora has established a stable and scalable platform across the Key value creation principles: Asset Protection Technology and Offshore Energy Services divisions • Clear shareholder view The business is in a stronger
Slide 23: Outlook
TEKMAR OUTLOOK
Slide 24: Outlook
OUTLOOK Working with a record order book and growing near-term pipeline Some disruption to projects and supply chain in the Middle East, but effects have been well managed Expectation for material improvement in FY26 performance Further significant awards expected this calendar year Priorities for H
Slide 25: Follow Us
FOLLOW US investors.tekmar.co.uk/ Research Portal IMC Investor @tekmar-group-plc cavendish.com/ Presentations research-portal Investormeet company.com 25
Slide 26: Board of Directors
BOARD OF DIRECTORS A highly experienced Board focused on delivering significant value for shareholders Steve Lockard David Wilkinson Colin Welsh Richard Turner Phil Lanigan David Kemp Lars Bondo Chair Non-Executive Director Non-Executive Director Chief Executive Officer Chief Financial Officer Non-E
Slide 27: Safeguarding Critical Offshore Infrastructure
SAFEGUARDING CRITICAL OFFSHORE INFRASTRUCTURE