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Calnex Solutions PLC on Monday said it delivered against a challenging global macroeconomic backdrop, noting it traded ‘slightly ahead of market expectations.’ Linlithgow, Scotland-based Calnex produces equipment for the telecommunications and cloud computing industries. The company said it slightly beat market expectations, expecting to report a revenue of £21.9 million for the financial year ended March 31, up 19% from £18.4 million a year ago. Cash as at March 31 was £9.3 million, down 15% from £10.9 million a year prior. The company said diversification across the cloud computing & datacentres and government & defence markets continued to gain traction amid a stable telecommunications market. Looking ahead, Calnex said its diversification supports confidence in continued growth in financial years 2027 and 2028. The firm said: ‘Channel and operational enhancements continued to strengthen market access during the year. The Group expanded its global partner network, onboarded new North American partners and increased its focus on partner enablement to enhance sales coverage, particularly in higher growth markets.’ Chief Executive Officer & Founder Tommy Cook said: ‘I am pleased to report on a good performance in FY26, our 20th year of operations, delivered against a challenging global macroeconomic backdrop. We achieved double digit revenue growth and improved profitability, reflecting the successful diversification beyond our core telecoms heritage. We are seeing growing traction across cloud computing, datacentres, government and defence and are continuing with important development programmes to address these growth markets. ‘With a strong balance sheet, expanding partner network, increasingly developed and diversified offering, and strengthened sales and marketing capability we are well positioned to build on this momentum and deliver sustainable growth in FY27 and beyond.’ Calnex will publish annual results on May 26. Calnex shares rose 11% to 54.00 pence each on Monday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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