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Chesterfield Special Cylinders Holdings PLC on Thursday expressed confidence in ‘significant earnings growth’ in financial 2026, as it narrowed its full-year loss. The Sheffield, England-based engineering firm reported a pretax loss of £809,000 for the financial year that ended September 27, narrowed from £2.7 million a year prior. Driving the improved bottom line was a 12% top line gain, as revenue from continuing operations advanced to £16.6 million from £14.8 million. Chesterfield Special said the revenue gain reflects strong growth from overseas defence and UK hydrogen contracts and as well as from lifecycle services. Defence saw revenue rose 15% to £12.8 million from £11.1 million, with the company noting strong growth from overseas contracts that were secured in the first half of the financial year, and from UK Integrity Management services. The company also reported a ‘strong order intake’ during the financial year of £23.4 million, up 79% from £13.1 million. It added that this is underpinned by an order book of £16.3 million at the period end, improving from £9.5 million. Administration expenses edged lower as they fell 1.9% to £7.1 million. Shares in the company were up 1.8% at 39.70 pence on Thursday afternoon in London. Looking ahead, Chesterfield Special Cylinders noted a ‘robust’ defence order book and said ‘significant opportunities’ in the UK hydrogen market underpin a positive outlook for significant earnings growth in financial 2026. ‘We were pleased to deliver good strategic progress and significantly improved financial performance in FY25, with earnings ahead of market expectations, starting FY26 with a strong balance sheet and a positive outlook,’ said Chief Executive Chris Walters. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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