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Synectics PLC on Wednesday said it delivered a ‘solid’ performance with full-year earnings expected to be higher than the year before, as a significant, non-recurring gaming contract boosted revenue but softened the order book. Shares in Synectics fell 18% to 236.70 pence on Wednesday afternoon in London. In a trading update, the Sheffield, England-based provider of advanced security and surveillance systems said revenue is expected to be approximately £68 million for the year ended November 30, representing a 22% increase from £55.8 million the year before. Adjusted earnings before interest, taxes, depreciation, and amortisation are expected to be £8.5 million, a 35% rise from the prior year. Adjusted pretax profit is expected to be no less than £6.0 million, up 28% from £4.7 million. Synectics said this performance includes a non-recurring gaming contract in Southeast Asia, which contributed approximately £12 million to the full-year revenue. The company said financial 2026 ‘will reflect the absence of the one-off gaming contract’ delivered in financial 2025. As of November 30, the company’s order book stood at approximately £26.5 million, down 31% year-on-year from £38.5 million. Synectics attributed this to the completion of the gaming contract, as well as project approvals delayed by ‘global economic conditions’. The company’s cash balance stood at £14.1 million, up 47% from £9.6 million last year. Synectics recommended a final dividend of 2.8p per share, up 12% year-on-year. This brings the total dividend for the year to 5.0p per share, rising 11% from 4.5p. ‘FY 2025 has been a positive year for Synectics, with the delivery of a solid financial performance and strong early progress on the strategic transformation of the business,’ said Chief Executive Amanda Larnder. ‘We enter FY 2026 with a solid order book, a robust balance sheet, growing traction across our core and emerging markets and real momentum in delivering our strategy. I am confident that the changes we are making now will deliver long-term growth and stakeholder value creation,’ Larnder added. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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