SRT Marine Systems

SRT · AIM · Telecommunications · mcap £200m · 73.5p

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Financials · LTM to 31 Dec 25

Source: results 16 Mar 26 ↗

Revenue: £103m
Operating profit: £6.5m
Net income: £2.8m
Free cash flow: £36.5m
Net debt: £2.0m
Market cap: £201m
EV / EBIT: 31.0×
FCF yield: +18.2%
Price / book: 6.7×

Latest half-year · H1 Dec 25 vs H1 Dec 24 results 16 Mar 26 ↗

Revenue: £51.1m
Operating profit: £3.7m
Net income: £2.9m
Cash from operations: £35.3m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 Dec 25 (six months to 31 Dec 25), published 16 Mar 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Dec 25	FY Jun 25
Revenue	102.9	78.0
Gross profit	25.7	23.9
Operating profit	6.5	6.4
Depreciation (owned assets)	0.5	0.5
Share-based payments	0.2	0.3
Finance costs	(4.5)	(5.3)
Profit before tax	2.4	1.4
Tax	–	0.6
Net income (owners)	2.8	2.0
EPS basic	1.1p	0.9p
EPS diluted	1.0p	0.8p

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Revenue	51.1	+95%	51.8	26.2
Gross profit	13.9	+15%	11.8	12.1
Operating profit	3.7	+3%	2.8	3.6
Depreciation (owned assets)	0.3	+26%	0.3	0.2
Share-based payments	0.1	−39%	0.1	0.2
Finance costs	(0.8)	−51%	(3.7)	(1.6)
Profit before tax	3.1	+48%	(0.7)	2.1
Tax	(0.2)	–	–	–
Net income (owners)	2.9	+39%	(0.1)	2.1
EPS basic	1.2p	–	(0.1p)	0.9p
EPS diluted	1.1p	–	(0.1p)	0.9p

	LTM Dec 25	FY Jun 25
Cash from operations	41.9	1.0
Interest paid	(1.7)	(1.8)
Capex (PP&E)	(0.6)	(0.5)
Capex (intangibles)	(4.5)	(4.4)
Lease principal paid	(0.3)	(0.3)
Shares issued	0.0	9.5

	H1 Dec 25	vs H1 Dec 24	H2 Jun 25	H1 Dec 24
Cash from operations	35.3	n/m	6.6	(5.5)
Interest paid	(0.8)	−16%	(0.9)	(0.9)
Capex (PP&E)	(0.3)	+49%	(0.4)	(0.2)
Capex (intangibles)	(2.3)	+1%	(2.2)	(2.3)
Lease principal paid	(0.1)	−6%	(0.1)	(0.1)
Shares issued	0.0	−100%	0.0	9.5

	Latest Dec 25	FY Jun 25	FY Jun 24
Other intangibles	17.0	15.9	–
Property, plant & equipment	1.3	1.3	1.1
Inventories	3.3	4.1	8.1
Trade receivables	37.4	52.6	2.4
Cash	14.3	4.3	2.8
Current assets	85.3	69.3	15.0
Trade payables	58.1	42.1	3.8
Borrowings, current	2.2	10.7	10.7
Lease liabilities, current	0.2	0.2	0.2
Current liabilities	62.9	54.3	14.8
Borrowings, non-current	14.0	5.9	3.0
Lease liabilities, non-current	0.3	0.4	0.5
Total equity	29.9	26.9	12.1

	H1 Dec 25	H2 Jun 25	H1 Dec 24	H2 Jun 24
Other intangibles	17.0	15.9	15.0	–
Property, plant & equipment	1.3	1.3	1.1	1.1
Inventories	3.3	4.1	7.0	8.1
Trade receivables	37.4	52.6	32.5	2.4
Cash	14.3	4.3	4.5	2.8
Current assets	85.3	69.3	62.7	15.0
Trade payables	58.1	42.1	21.9	3.8
Borrowings, current	2.2	10.7	30.1	10.7
Lease liabilities, current	0.2	0.2	0.2	0.2
Current liabilities	62.9	54.3	52.2	14.8
Borrowings, non-current	14.0	5.9	2.2	3.0
Lease liabilities, non-current	0.3	0.4	0.4	0.5
Total equity	29.9	26.9	24.0	12.1

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.