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Synectics PLC on Tuesday said it expects revenue in its current financial year to fall, as it posted an annual jump in profit and revenue and recommended a higher dividend. Synectics shares fell 16% to 187.25 pence each on Tuesday afternoon in London. The Sheffield, England-based surveillance and surveillance solutions firm said pretax profit rose 29% to £5.4 million in the financial year ended November 30, from £4.2 million a year ago. Adjusted earnings before interest, tax, depreciation and amortisation were 37% higher, at £7.9 million from £5.7 million. Revenue climbed 22% to £68.1 million from £55.8 million. Cost of sales increased 22% to £38.9 million from £31.9 million. The firm said: ‘Growth was driven primarily by a significant increase in revenue from the leisure and hospitality sector, with a major contract with a leading global casino operator in South-East Asia successfully delivered during the period.’ Synectics recommended a final dividend per share of 2.8 pence, up 12% from 2.5p a year ago. This brings the total payout for financial 2025 to 5.0p, up 11% from 4.5p. The company said the order book as at November 30 stood at £26.5 million, down 31% from £38.5 million a year ago. This reflected the completion of a ‘significant gaming contract’ in Southeast Asia Synectics it has completed. Looking ahead, the company said the current financial year 2026 ‘will be a focus transitional investment year, supported by a strong balance sheet, solid order book and good pipeline visibility.’ Synectics expects financial 2026 revenue to be around 10% lower than in financial 2025, citing an absence of a ‘significant’ one-off contract in financial 2025. Further, the firm expects financial 2026 to deliver mid-single-digit Ebitda margins. For financial 2027, Synectics anticipates double-digit revenue growth, exceeding ‘normalised’ financial 2025 levels which excludes the impact of the non-recurring contract. For financial 2028, the company anticipates a ‘further acceleration’ of revenue growth and Ebitda margins, as strategic initiatives during financial 2025 and financial 2026 ‘ create a robust platform for accelerating returns and sustainable growth.’ Chief Executive Officer Amanda Larnder said: ‘Over the past year, I have focused on building the right leadership capability, bringing greater clarity to how we operate and setting a clear direction for a more scalable, product-led, partner-enabled future. FY26 will be a year of disciplined transition as we embed these changes and continue to invest in the capabilities required to scale effectively. With a strong balance sheet, solid order book and improving pipeline visibility, I am confident that the work we have already undertaken in FY25, and the progress we will continue to make in FY26 positions us well to generate higher and more sustainable returns from FY27 and beyond.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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