Trading Update

Synectics plc (AIM: SNX), a leader in security, surveillance and operational intelligence solutions, provides an update on trading for the year ending 30 November 2026 (“FY26”).

The Board is pleased to report that FY26 revenue is expected to be in line with current market expectations, with adjusted EBITDA at the top end of the previously communicated range of £3.7 million to £4.1 million.

This reflects stronger margins and good performance across the Group demonstrating the resilience of the diversified business and the early benefits of changes being implemented under the Group’s ‘5P’ strategy. These include simplifying product deployment, strengthening partner strategic account management, and improving processes and commercial discipline across the business.

As highlighted at the interim results in August, there was uncertainty around the timing and conversion of Energy market opportunities, particularly in the Middle East. These opportunities remain active and are expected to extend into FY27 with the Group continuing to hold a significant pipeline in the sector and encouraging signs of progression.

The Group continues to make good progress in implementing its strategy, with the commercial, product and operational capabilities required to support more scalable, sustainable growth increasingly embedded across the business.

The Board is encouraged by the strong progress being made in the strategy execution, and the early evidence of benefits emerging. It remains confident in the Group’s growth opportunity as it enters FY27.

Amanda Larnder, Chief Executive Officer, commented:

“We are pleased to announce expected adjusted EBITDA at the top end of the range communicated at our interim results, particularly given that some of the Energy opportunities we had expected to contribute in FY26 are now moving into the new financial year. This reflects stronger margins and performance across the Group and provides early evidence of the stronger, more resilient business we are building.

“Over the past year we have made deliberate changes to how we develop our products, work with partners, target our priority markets and operate the business. There is still plenty to do, but many of the foundations are now in place and we are moving increasingly from building those capabilities to executing against them, and we are beginning to see early evidence of the benefits.

“We enter FY27 with a significant Energy pipeline alongside growing opportunities across the wider critical security markets we serve. Our focus is on converting those opportunities, increasing the pace of execution and continuing to build a larger, more scalable business, with the benefits of the changes we are making increasingly reflected in our financial performance.”