Trading Update & Notice of FY25 Results
Chesterfield Special Cylinders Holdings plc anticipates reporting FY25 adjusted EBITDA of approximately £0.8m, a significant improvement from the £0.9m adjusted EBITDA loss in FY24. Revenue is expected to be approximately £16.5m, up from £14.8m in the previous year. The company also forecasts a closing net cash position of £2.1m, a turnaround from net borrowings of £0.9m in FY24. This positive outlook is supported by a robust defence order book and opportunities in the UK hydrogen market, with preliminary results expected on Thursday 18 December.
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Chesterfield Special Cylinders Holdings plc (AIM: CSC) is pleased to provide a trading update for the 52 weeks to 27 September 2025 ("FY25").
The Company expects to report FY25 full-year adjusted EBITDA* ahead of market expectations at approximately £0.8m (FY24: adj. EBITDA loss of £0.9m) on revenue of approximately £16.5m (FY24: £14.8m) and a closing net cash** position of £2.1m (FY24: net borrowings of £0.9m).
Strong growth from overseas defence contracts secured in the first half of the year offset lower revenue from UK naval new build contracts nearing completion, with record full-year revenue performances from UK naval Integrity Management deployments and hydrogen contracts.
A robust defence order book and significant opportunities in the UK hydrogen market, where the Company is actively engaged with key developers regarding new build contracts for hydrogen storage and transport systems, underpin a positive outlook for further earnings growth in FY26.
The Company expects to release its FY25 preliminary results on Thursday 18 December.
* Adjusted EBITDA is earnings before interest, tax, depreciation, amortisation and other exceptional costs
** Net cash / borrowing is calculated as total borrowings less cash and cash equivalents, and excludes asset finance leases and right of use asset leases
Additional Information
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