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FY26 Trading Update and Notice of Results
Calnex Solutions plc reported a strong trading update for the year ended 31 March 2026, with revenue increasing approximately 19% to £21.9 million, up from £18.4 million in FY25, alongside improved profitability. The company maintained a robust balance sheet with £9.3 million in cash as of 31 March 2026, and anticipates continued growth in FY27 and FY28 driven by diversification into cloud computing, datacentres, and government & defence markets, as well as enhancements to its sales and marketing capabilities and partner network. Future growth is underpinned by upcoming product launches, including the network emulation SNE product expected to generate revenue in late FY27 and a 1.6Tb/s synchronisation testing product planned for FY28. Disclaimer*
About this update from Calnex Solutions Plc
This announcement contains inside information 13 April 2026 Calnex Solutions plc ("Calnex", or the "Company") FY26 Trading Update and Notice of Results Double digit revenue growth and improved profitability in FY26 Increasingly diversified product offering and strengthened sales & marketing team provide confident outlook Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications, cloud computing & datacentres, and government & defence markets, is pleased to provide an update on trading for the year ended 31 March 2026 ("FY26") and the outlook for FY27 and FY28. Calnex has made good progress in FY26, trading slightly ahead of market expectations, delivering double-digit revenue growth and improved profitability, while continuing to invest in its long-term strategy. The Group expects revenue to have increased by approximately 19% to £21.9m (FY25: £18.4m). Gross margins have remained strong, which has contributed to an improvement in profitability for the year. The Group maintained a strong balance sheet, with cash as at 31 March 2026 of £9.3m (31 March 2025: £10.9m), with a further c£3m of customer receipts expected in the early months of FY27 due to the phasing of shipments through Q4. Diversification across the cloud computing & datacentres and government & defence markets continued to gain traction in FY26 and, against a backdrop of a stable telecoms market, supports confidence in continued growth in FY27 and FY28. Channel and operational enhancements continued to strengthen market access during the year. The Group expanded its global partner network, onboarded new North American partners and increased its focus on partner enablement to enhance sales coverage, particularly in higher growth markets. The progress achieved in FY26 provides a strong foundation for continued profitable growth through FY27 and FY28. FY27 will be a year of targeted investment directed towards key product launches and the development of the market and customer relationships which will underpin future growth. The Board's confidence is based on a number of key factors that will position the Group for accelerated growth in FY28 as these initiatives in rapidly growing markets are launched and commercialised. · The level of investment by hyperscalers in AI capacity is well-docume...
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