Trading Update
Light Science Technologies Holdings plc anticipates reporting full-year FY2026 revenue between £9.0 million and £9.5 million, an increase from FY2025's £8.6 million, though below previous expectations due to delayed Passive Fire Protection division contracts. Despite this, the company expects an adjusted loss before tax for FY2026 of £0.8 million to £1 million, similar to the prior year, with the second half projected to reach breakeven. The Contract Electronics Manufacturing division is performing ahead of expectations, while AgTech remains stable. The company remains confident in the Passive Fire Protection division's prospects, with delayed projects expected to progress in FY2027.
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Light Science Technologies Holdings plc (AIM: LST), the innovative technology and manufacturing business providing real-world solutions targeting issues including fire safety and global food security, provides the following trading update ahead of the end of its financial year on 30 November 2026 (“FY2026”).
The Company now expects to report revenue for FY2026 in the range of £9.0 million to £9.5 million (FY2025: £8.6 million). Second half revenue is expected to be approximately 50% higher than the first half, demonstrating continuing momentum, however the full year outturn is below previous expectations.
The revenue shortfall is largely attributable to delayed approvals within the Passive Fire Protection ("PFP") division, which in particular impacted the commencement of two installation contracts that the Company had previously expected to conclude during the second half and which will now no longer occur during FY2026.
Despite these delays, the Board remains confident in the prospects for the PFP division. The underlying demand for the Group's Injectaclad solution remains strong, with a growing pipeline of opportunities across high rise residential buildings, hotels, schools and social housing. The Group continues to develop its own installation capability alongside its network of qualified installers, providing two complementary routes to market. A number of projects delayed during the current financial year are expected to progress during FY2027.
The Contract Electronics Manufacturing division has continued with positive momentum in FY2026 and is performing ahead of expectations, with good progress across a number of customer projects. The AgTech division is performing broadly in line with expectations, with trading remaining stable during the period.
As a result of the lower than anticipated revenues, the Company now expects to report adjusted loss before tax for FY2026 in the range of £0.8 million to £1 million, broadly in line with the prior financial year. The second half of FY2026 is therefore expected to be at breakeven.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.