Earnings release
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RNS Number : 0145RConcurrent Technologies PLC15 July 2025 This announcement contains inside information as stipulated under the UK version of the Market AbuseRegulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, asamended. On publication of this announcement via a Regulatory Information Service, this information isconsidered to be in the public domain. 15 July 2025 Concurrent Technologies Plc(the "Company" or the "Group") Trading Update Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of leading-edge computer products,systems and mission critical solutions used in high-performance markets by some of the world's major OEMs,provides an update on trading for the six months to 30 June 2025 ("H1 FY25"). Based on its unaudited management accounts for H1 FY25, the Company expects to report record results for afirst half, with revenue of approximately £21.3m (H1 FY24: £16.8m) and profit before tax of approximately£2.4m (H1 FY24: £2.3m) despite the USD exchange rate having a c.£0.6m negative impact to profit relative tothe same period last year. Order intake for the period remained strong at £22.3m (H1 FY24 £17.8m). The Company continues to secure design wins, across both the Products and Systems business units, in line withthe transformative performance of 2023 and 2024, further underpinning confidence in medium- and long-termgrowth, whereby a design win typically yields purchase orders two to three years later, often with a lifetime forseven-10 years thereafter. The Board believes that the Company is well positioned to deliver full year results for 2025 in line with currentmarket expectations*. Miles Adcock, CEO of Concurrent Technologies, commented: "The Group has delivered a solid first half withrecord results for H1 FY25 revenue, profit, and order intake. The Products business unit continues to perform well,securing new strategic wins, and the Systems business is mobilising, reinforcing our confidence in good revenuegeneration for the full year. The latter is on track to nearing a break-even position, following planned up-frontinvestment to support long-term growth in 2024. "We are committed to bringing the latest technology to market as early as possible and are encouraged by the earlysuccess of our Kratos product, launched in the half, which remains unique in the market. It is currently the onlycomputer board of its form factor to feature the industrial variant of the Intel® Xeon® 6 processor and isgenerating significant interest across our customer base. "H2 FY25 has started well and while we remain mindful that, like all defence businesses, we do have somedependency on contracts from the US, where there is potential for headwinds associated with governmentalreviews or global supply chain disruption, we are closely monitoring developments and remain on track to meet full-year expectations." *In so far as the Board is aware, consensus market expectations for FY25 are revenues of £43m and profitbefore tax of £6m. Enquiries: Concurrent Technologies PlcMiles Adcock - CEOKim Garrod - CFO +44 (0)1206 752626 Alma Strategic CommunicationsHannah CampbellJosh RoystonWill Merison +44 (0)20 3405 0205
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Cavendish Capital Markets Limited (NOMAD &Broker)Neil McDonaldPeter Lynch +44 (0)131 220 9771+44 (0)131 220 9772 About Concurrent Technologies Plc Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for usein a wide range of high-performance, long-life cycle applications within the telecommunications, defence,security, telemetry, scientific and aerospace markets, including applications within extremely harshenvironments. The processor products feature Intel® processors, including the latest generation embeddedIntel® Core™ processors, Intel® Xeon® and Intel Atom™ processors. The products are designed to be compliantwith industry specifications and support many of today's leading embedded operating systems. The productsare sold world-wide. For more information on Concurrent Technologies Plc and its products please visit . This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact or visit . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our . END TSTGPUCPMUPAGBCAnonymous (not verified) H1 FY25 Trading Updatehttp://www.DigitalLook.com35215885 A Tue, 07/15/2025 - 07:00 LSE RNS Results and Trading Reports CNC