Business
Interim Results for the 6 Months Ended 28 Feb 2026
RC Fornax plc reported interim results for the six months ended 28 February 2026, with revenue of £2.2m, a 40% increase from the prior half-year, driven by a 26% average month-on-month revenue growth and outcome-based services comprising 72% of the revenue mix. Gross profit remained stable at £0.7m, with a margin improvement to 31%, though an operating loss of £0.9m was incurred due to investments in growth. The company secured £4.1m in new orders, including a contract with a UK Public Sector Space Client and acceptance onto a major defence engineering framework, and ended the period with £1.8m in cash following a £2.1m fundraise. With £5.7m in FY26 sales visibility as of April 2026, the board remains confident in meeting market expectations. Disclaimer*
About this update from Rc Fornax Plc
The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"), and the UK version of MAR which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the publication of this announcement via a Regulatory Information Service, such inside information is now considered to be in the public domain. 27 May 2026 RC FORNAX PLC ("RC Fornax" or the "Company") Interim Results for the Six Months Ended 28 February 2026 Pipeline conversion positions RCFX for growth in FY26 and beyond RC Fornax (AIM: RCFX), the UK-based consultancy delivering outcome-based engineering solutions to the defence sector's most critical platforms, announces its unaudited interim results for the six months ended 28 February 2026 ("H1 FY26" or the "Period"). Financial Highlights • Revenue of £2.2m (H1 FY25 restated: £2.5m), with H1 FY26 revenue 40% ahead of H2 FY25 (£1.6m), reflecting improving order conversion momentum during the Period. • Outcome-based services represented 72% of revenue mix (H1 FY25 restated: 52%), in line with strategy set out at IPO. • Average 26% month-on-month increase in revenue during the Period. • Gross profit of £0.7m (H1 FY25: £0.7m), with gross margin of 31% (H1 FY25: 27%), demonstrating improved delivery mix and operational leverage. • Operating loss of £0.9m (H1 FY25: operating profit £0.1m), reflecting continued investment in capability, governance and headcount to support expected growth in H2 FY26 and beyond. • Cash of £1.8m at 28 February 2026 (31 August 2025: £0.9m), following the £2.1m net equity fundraise completed in December 2025. • Net assets of £3.0m (31 August 2025: £1.9m). Operational Highlights • £4.1m in new orders (including subject to contract) and extensions booked in H1 FY26, demonstrating clear pipeline conversion. • Contract award from a UK Public Sector Space Client, marking meaningful progress in diversification beyond core MoD work. • Unconditional acceptance by Aurora Engineeri...