Concurrent Technologies (CNC): Systems unit path to profitability

This situation live

£241m · 275.0p · +32% since the first step

11 Jun 2026 · Order intake improving; profitability not yet stated · −6% until the next step order intake in our Systems business has already exceeded the level achieved during the whole of 2025

Segment turn

Systems unit path to profitability

First profitable half delivered

Next: further Systems progress and H2 production orders

Every step · 4

13 Apr 2026 FY25 performance below expectations; revenue up 157% – While the division's performance was lower than we had expected in FY25 due to delays to customer ordering following the US government shutdown, we remain... ↗
11 Jun 2026 Order intake improving; profitability not yet stated – order intake in our Systems business has already exceeded the level achieved during the whole of 2025 ↗
13 Jul 2026 Profitable first half; ~$8m orders in H1 – The Systems business secured approximately $8m of orders during the period and delivered a profitable first half. ↗
7 Sep 2026 First profitable half delivered – The Systems business has continued to make excellent progress and importantly delivered its first profitable first half period. ↗

What is happening

Concurrent Technologies: Systems unit path to profitability – First profitable half delivered. ['First profitable half delivered']

In short: Systems was loss-making at the April results, and in July the company said it had a profitable H1 on about $8m of orders. The 7 Sep 2026 results confirm it as the first profitable first half, with gross margin up to 26.3% from 13.3%. The CEO now considers the unit fully mobilised and expects strong year-on-year progress.
Announced: 13 Apr 2026 · FY25 performance below expectations; revenue up 157%
Latest: 7 Sep 2026 · First profitable half delivered
H1 orders: $8m secured in H1 2026
H1 result: profitable first half; no figure stated
Company view: expected to be an increasingly material contributor over the medium term
Gross margin: 26.3% vs 13.3% in H1 2025, from more production work in the mix
Revenue: $4.6m, up 9% from $4.2m
Profit figure: Profitable first half; no profit figure stated

further Systems progress and H2 production orders.

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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