2026 Annual General Meeting & Trading Update
Chesterfield Special Cylinders Holdings plc announced ahead of its Annual General Meeting that its defence orderbook has been enhanced by a contract for specialised pressure vessels for the Scorpène-class submarine programme, with further overseas defence contract awards and Integrity Management services anticipated in the first half of 2026. The company also expects a significant contract award for large-scale hydrogen storage systems under the UK government's first Hydrogen Allocation Round (HAR1) in the first half of 2026, which is projected to drive growth from this sector from FY27. The Board reconfirms its confidence in the mid-term outlook, anticipating significant revenue and earnings growth in FY26, with revenues weighted towards the second half of the year.
Select text to share a quote on X · sign in to keep highlights & notes in your CSC notes
Chesterfield Special Cylinders Holdings plc (AIM: CSC) provides the following update ahead of its 2026 Annual General Meeting ("AGM") to be held today from 09:30 at the offices of Singer Capital Markets, 1 Bartholomew Lane, London, EC2N 2AX.
The Company's already robust defence orderbook was strengthened further in January with a strategically significant contract award from French prime contractor, Naval Group for specialised pressure vessels on its Scorpène-class submarine programme. Within the first half of 2026, the Company expects further overseas defence contract awards for newbuild programmes and Integrity Management services.
A major contract award for large-scale hydrogen storage systems under the long-awaited UK government's first Hydrogen Allocation Round (HAR1) is also expected in the first half of 2026, driving further growth from this emerging sector from FY27.
With significant revenue and earnings growth expected in FY26, underpinned by contract revenues weighted heavily towards the second half of the year, the Board reconfirms its confidence in the mid-term outlook and exciting prospects for the Company, as detailed in the FY25 full-year results announced on 18 December 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.