Concurrent Technologies reports double-digit growth

(Sharecast News) - Concurrent Technologies reported double-digit growth in revenue and profit for 2025 on Monday, supported by record order intake and continued expansion across its products and systems operations. The AIM-traded designer and manufacturer of high-performance computing systems said revenue for the year ended 31 December rose 14% to £45.9m from £40.3m, while gross profit increased 22% to £24.5m.

Profit before tax climbed 25% to £6.5m and EBITDA rose 29% to £10.1m.

Earnings per share were up 7% at 5.86p.

Order intake reached a record £47.0m, up 15% year-on-year, while closing cash improved 5% to £14.4m.

Performance was driven by continued progress across both divisions.

The core products business reinforced its market position, with revenue rising 6% to £40.5m and profit increasing 8% to £6.8m.

The systems unit gained momentum, delivering revenue of £5.4m, up 157% from £2.1m in the prior year.

Operationally, the group expanded capacity in both the UK and the US, including new manufacturing capability in Colchester and a facility in Los Angeles.

It also launched five new products during the year, with a further five already introduced in early 2026, while continuing to invest in research and development and open standards such as SOSA and VPX.

The company also secured its largest design services contract to date, valued at $6.2m, reflecting increasing participation in larger-scale customer programmes.

"Concurrent delivered another year of strong financial and strategic progress in 2025, with double-digit growth in revenue and profit alongside a record order intake," said chief executive Miles Adcock.

"This performance reflects continued momentum in our core Products business and encouraging progress in Systems, where ongoing investment is building a platform for future scale.

"The strength of our relationships with leading global defence primes and the growing portfolio of long-visibility design wins provide increasing visibility as programmes begin to transition into sustained production.

"At the same time, continued investment in our operational infrastructure and technology capability is enhancing our ability to support larger and more complex customer programmes."

Looking ahead, the company said trading momentum had continued into the early part of 2026, supported by a strong pipeline and increasing design wins expected to convert into multi-year revenue streams.

Despite ongoing macroeconomic uncertainty, the board said it remained confident of delivering full-year results in line with market expectations, which it understood to be revenue of £52.0m and profit before tax of £8.0m.

At 1026 BST, shares in Concurrent Technologies were down 7.09% at 192.78p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate