Filtronic flags earnings slightly ahead of expectations

(Sharecast News) - Filtronic said on Tuesday that it expected adjusted EBITDA for the year ended 31 May to come in slightly ahead of market expectations, as it announced a further satellite-related contract win with a US customer. The AIM-traded RF technology specialist said the new contract was worth about $0.5m, or £0.4m, and covered the design of a high-frequency module for satellite payload use.

Revenue from the initial development phase was expected to be recognised in the 2027 financial year.

Subject to audit, Filtronic said it expected to report revenue of at least £55.5m and adjusted EBITDA of at least £11.1m for the 2026 financial year.

Cash at bank stood at £13.4m, while net cash excluding right-of-use property leases was £11.3m.

The company said it was entering the 2027 financial year with a strong order book covering 90% of consensus revenue, supported by multi-year order visibility with its largest customer and growing activity across space, defence and aerospace markets. Full-year results are due on 4 August.

At 0910 BST, shares in Filtronic were down 8.21% at 348.8p.

Reporting by Josh White for Sharecast.com.

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