SRT Marine Systems plc (SRT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody. I'm Simon Tucker from SRT Marine Systems and this is one of our live unscripted webcasts. I'm saying that because a number of you will be new to this and give you a bit of background. So the rules of the game are there's quite a lot of confidentiality around that I need to be cognizant of. So I apologize if that's a little bit frustrating. But we are dealing with bits of national security of our customers and also some commercial confidence. So excuse me if I don't fully answer questions that you have. So let's talk about our business. You're now starting to see, as you've seen this morning when we've announced our results, which should be of no surprise because we indicated that immediately after the end of the actual year, within a few days, a big increase in our revenues and profit. And that is a result of a number of contracts in our systems business being delivered in parallel. Our business model and our objective was always that. And so now you're starting to see that come through and we expect that to carry on into the future. As we've said in the statement, I don't intend to linger and drone through the financials. You can read those. I don't think you need me to read those back to you. So the purpose of the webcast is to provide you with some insight into the operations of the business and give you an opportunity to ask some questions, which I encourage you all to do. And that's anonymous. So let's start with what was our transceivers business, which we're now calling our navigation safety business. And the navigation safety business is all about providing devices that improve navigation safety. That starts with AIS, which is our heritage for the last 15, 20 years, where we lead the world in providing black box AIS transponders. But w...