Pre-close Trading Update
AB Dynamics plc expects its full-year revenue for FY2026 to be £91.6 million, aligning with market expectations and its previous guidance, with an adjusted operating margin anticipated to be in line with its 20% medium-term target. The company ended the year with £24.5 million in net cash, supported by its financial resources and recent acquisitions, including eMpulse Test Systems LLC. The order book stands at £31 million, providing good visibility into the first half of FY2027, indicating continued business momentum.
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AB Dynamics plc (AIM: ABDP, the 'Company', or the 'Group'), the designer, manufacturer and supplier of advanced testing, simulation and measurement products and services to the global transport market, is pleased to provide a trading update in respect of the year ended 31 August 2026 ("FY2026" or the "Year").
Further to the update issued on 28 July 2026, the Board is pleased to confirm that the trading in the remainder of the final quarter was as anticipated and consequently performance for FY2026 is expected to be in line with the guidance provided at the time and current market expectations1.
Revenue for the year from continuing operations is expected to be £91.6m and adjusted operating margin in line with the Group's medium-term target of 20%.
Following investment to support acquisitive growth in the latter part of the year, including the acquisition of eMpulse Test Systems LLC on 19 August 2026 and the final payment of deferred contingent consideration in respect of Venshure Test Services, net cash at 31 August 2026 was £24.5m. The Group's significant financial resources continue to provide optionality to support the Group's strategic development.
The year end order book was £31m, which provides good coverage into the first half of FY2027.
1 The Company is aware of eight analysts publishing independent research. The Company compiled analyst expectations for the year ended 31 August 2026 is for a mean revenue of £91.4m and a mean adjusted operating profit of £18.3m.
Commenting on the results, Sarah Matthews-DeMers, Chief Executive Officer said:
"In challenging market conditions, I am pleased that the Group has shown agility and resilience through the final quarter to deliver revenue performance in line with the guidance we gave in July, whilst maintaining margins in line with our 20% medium term target.
"The long-term structural drivers of growth in the Group's key markets remain compelling, underpinned by significant regulatory and technological developments. In this context, the strength of the Group's balance sheet provides the Board with confidence to continue to invest in support of long-term growth."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.