Strong demand bolsters profits at Synectics

(Sharecast News) - Synectics said on Thursday that it was on track to deliver a jump in full-year profits, on the back of strong demand for its security and surveillance products. Updating on full-year trading, the AIM-listed security specialist said revenues were on track to come in at £67m in the year to 30 November, up on 2024's £55.8m.

Pre-tax profits excluding a share-based payment charge were forecast to rise to £5.7m from £4.7m a year previously.

Synectics said: "Progress has been positive in the year to date, securing extensions and repeat orders with both new and existing long-term customers across a variety of sectors and geographies, in addition to successfully delivering a significant, non-recurring gaming contract in south east Asia."

Looking ahead to the 2026 full year, the Sheffield-based firm added that it was continuing to build a "solid" order book with good visibility on its new business pipeline.

As at 0830 BST, shares in Synectics were up 1% at 285.11p.