Earnings release
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SRT MARINE SYSTEMS PLC (AIM: SRT) ("SRT" or the "Group") H1 - FY26 Trading Update SRT Marine Systems plc ('SRT'), a global provider of intelligent maritime surveillance systems for sovereigns and maritime navigation safety systems is pleased to provide an unaudited trading update for the 6 month financial period ending 31st December 2025 ('H1 FY26'). H1 FY26 Financial Summary (Unaudited) H1 FY26 H1 FY25 % change Group Revenue £51.1m £26.2m 95% Profit before tax £3.1m £2.1m 47% Gross cash balance £41.5m £22.4m 85% H1 Financial and Operational performance Unaudited group revenues for the first half are expected to be £51.1m, generating an expected profit before tax of £3.1m. As at 31st December 2025 the Group's gross cash balance, inclusive of restricted cash of £27.3m, was £41.5m. Both our business divisions, Navigation Safety and Integrated Marine Surveillance Systems have performed in line with expectations. We have continued to execute simultaneously on four major system projects and continue to maintain and support a fifth. In H2 we expect both divisions to continue to progress, with possible upside from the commencement of NEXUS deliveries, and new system contract conversions from our £1.8bn opportunity pipeline of which a $200m award notification was announced on 18 September 2025 and is now awaiting final contracting and finance approval. Simon Tucker, SRT CEO said: "I am very happy with our H1 results which are in line with our expectations. As reflected by our £300m active-contract book and £1.8bn new contract opportunity pipeline we are experiencing strong and sustained global interest in our solutions underpinned by a new and evolving understanding of the importance of the marine domain. I expect to see SRT continue to gather pace and deliver strong growth this financial year and many years to come." For further information, please contact: SRT Marine Systems plc www.srt-marine.com + 44 (0) 1761 409500 Simon Tucker (CEO) simon.tucker@srt- marine.com Kevin Finn (Chairman) Kevin.finn@srt- marine.com Nora Alakshan (Corporate Communications Manager) nora.alakshan@srt- marine.com Cavendish Capital Markets Limited (NOMAD & Broker) Jonny Franklin-Adams / Teddy Whiley (Corporate Finance) +44 (0) 20 7220 0500
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Tim Redfern (Corporate Broking) About SRT Marine Systems plc: SRT Marine Systems PLC is a global provider of civil defence maritime intelligence and surveillance systems and navigation safety and efficiency solutions. Our systems provide MDA intelligence that enable sovereign agencies such as Coast Guards and Fishery Authorities to adopt a new nationwide intelligence lead operations doctrine which is highly effective and efficient for maritime safety and security. Our navigation safety systems enable vessel operators to navigate digitally more safely and efficiently. Our customers range from government agencies such as Coast Guards, Fishery Authorities and Ports & Waterway authorities to commercial and leisure vessel owners.