CONCURRENT TECHNOLOGIES PLC (CNC) — Final results for the year ended 31 December 2025

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the CONCURRENT TECHNOLOGIES PLC Final Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Just simply type in your questions and press send. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Miles Adcock. Good morning to you. Good morning, and welcome to our full year results for 2025. Next slide, please. So my name is Miles. I'm the CEO. This is my fourth set of annual results, and I'm joined by Kim, our CFO. And should note that at the same time as we issued our full year results, we also announced that Kim has decided to retire at the end of this year. My good friend and colleague, Kim, do you want say a few words? Yeah. So I achieved a milestone birthday this year, and that made me rethink what I was going to do. So I have decided to retire, but I'm in the business till the end of the year. I'm very excited about the business, and I will be watching it very closely after I've gone. And I'll be regularly calling Miles for updates, but I'm fully committed to the business. And as I said, I'll be taking it out for most of this financial year. Thank you, Kim. And just to note, Kim has generously given us until the end of the year to seek a replacement, and I've engaged Korn Ferry this week, and we're working hard at finding a worthy successor. Next slide, please. So to remind you of the business, we sell globally through sales partners. We have home markets in The UK and The US. We're a 194 people now, and we sell primarily 90% into the defense market, globally. Next slide, please. To remind you ...