Synectics

SNX · AIM · Industrial Goods and Services · mcap £35m · 192.5p 2 open situations →

Synectics supplies Synergy security and surveillance software and related systems to gaming, energy, transport and critical infrastructure customers. Its Ocular Integration arm installs the systems, including CCTV on buses and security upgrades at utility sites.

Target	Promise	Said	Status
2024
30 Nov 2024	Deliver three gaming contracts (Ontario, Omaha, Maryland) worth $2.0m during FY2024.	24 Apr 2024	✓ Kept
	“three contracts for customers in Ontario, Omaha and Maryland, with a combined value of $2.0 million to be delivered during FY 2024” How it developed 24 Apr 2024 Said “three contracts for customers in Ontario, Omaha and Maryland, with a combined value of $2.0 million to be delivered during FY 2024” 4 Mar 2025 ✓ Kept “Continued momentum in contract wins, including material Gaming awards announced in the US and South-East Asia worth an aggregate $4.9 million” Result FY24 results showed revenue £55.8m, ahead of expectations; no delay to these contracts was reported. “Continued momentum in contract wins, including material Gaming awards announced in the US and South-East Asia worth an aggregate $4.9 million”4 Mar 2025 · Final Results
2025
30 Nov 2025	Deliver US$10m South-East Asian gaming resort surveillance upgrade by 30 November 2025.	18 Jun 2024	✓ Kept
	“Delivery of the Contract is anticipated to commence late in the Company's current financial year ending 30 November 2024 with completion expected by the end of the financial year ending 30 November 2025.” How it developed 18 Jun 2024 Said “Delivery of the Contract is anticipated to commence late in the Company's current financial year ending 30 November 2024 with completion expected by the end...” 18 Aug 2026 ✓ Kept “As expected, trading in FY26 has returned towards the Group's more typical second-half weighting following the significant non-repeating gaming contract...” Result H1 2026 revenue fell on absence of prior-year gaming contract, indicating the work was largely completed in FY25. “As expected, trading in FY26 has returned towards the Group's more typical second-half weighting following the significant non-repeating gaming contract which benefited H1 last year.”18 Aug 2026 · Half-year Results
30 Nov 2025	Board confident in FY2025 performance, underpinned by the £37.8m order book.	9 Dec 2024	✓ Kept
	“strong order book, totalling approximately £37.8 million, underpinning the Board's confidence for the year ending 30 November 2025” How it developed 9 Dec 2024 Said “strong order book, totalling approximately £37.8 million, underpinning the Board's confidence for the year ending 30 November 2025” 3 Mar 2026 ✓ Kept “Revenue increased by 22.0% to £68.1 million (FY24: £55.8 million) · Adjusted EBITDA1 increased by 36.1% to £8.5 million (FY24: £6.3 million)” Result FY25 revenue £68.1m and adjusted EBITDA £8.5m, above the £65m revenue expectation. “Revenue increased by 22.0% to £68.1 million (FY24: £55.8 million) · Adjusted EBITDA1 increased by 36.1% to £8.5 million (FY24: £6.3 million)”3 Mar 2026 · Final Results and Strategic Update “FY25 has been an important year for Synectics. We delivered robust financial growth, supported by the successful execution of a major gaming project”3 Mar 2026 · Final Results and Strategic Update