MS International Posts Robust Interims as Defence Focus and Forecourt Integration Drive Strategic Shift

MS International ( (GB:MSI) ) has shared an announcement.

MS International reported broadly flat interim results for the half year to 31 October 2025, with revenue edging up to £55.81m from £54.72m and profit before tax dipping slightly to £8.47m, though underlying profit excluding derivative effects rose to £9.28m from £7.98m and the balance sheet remained robust with £35.73m in cash. The group highlighted 2025 as a transformational year marked by a strategic decision to focus on its Defence and Security division and pursue disposals of non-core units, the strengthening and rejuvenation of its board, and continued operational momentum across all divisions despite slower reported growth due to defence order timing. Defence and Security secured another one-year US Navy contract for its MSI-DS 30mm naval weapon system and is investing in a stronger footprint in the US and Europe, including a support and maintenance facility and expanded business development capabilities to target both naval and land defence markets. The Forgings division faces softer short-term demand in the UK and US amid trade-policy uncertainty but is benefiting from solid performance in Brazil and the start of US deliveries to Mitsubishi Logisnext America, with a strong pipeline of potential business from other major lift-truck and material-handling OEMs. The merged Petrol Station Superstructures and Branding division continues to trade strongly, benefiting from large-scale forecourt modernisation and the trend towards multi-purpose fuel hubs, and is planning capacity expansion as integrated offerings gain traction with major retailers, positioning the group to capture further growth in this niche infrastructure market while it explores trade buyers for these successful but non-core assets.

The most recent analyst rating on (GB:MSI) stock is a Hold with a £1509.00 price target. To see the full list of analyst forecasts on MS International stock, see the GB:MSI Stock Forecast page.

Spark’s Take on GB:MSI Stock

According to Spark, TipRanks’ AI Analyst, GB:MSI is a Neutral.

MS International’s overall stock score is driven by strong financial performance and recent corporate events, particularly the significant contracts with the US Navy. However, technical analysis indicates bearish momentum, and cash flow challenges pose potential risks. The valuation is fair, but not compelling enough to offset the technical weaknesses.

To see Spark’s full report on GB:MSI stock, click here.

More about MS International

MS International PLC is a UK-based engineering group operating through three principal divisions: Defence and Security, Forgings, and Petrol Station Superstructures and Branding. The company supplies naval and land defence weapon systems, industrial forgings for global OEMs, and end-to-end design, manufacture, installation and branding solutions for fuel forecourts, with growing exposure to multi-purpose fuel hubs that combine fossil fuels, EV charging and retail services. Its market focus spans defence contracts with major navies, particularly the US Navy, industrial customers in the UK, US and Brazil, and large independent and branded fuel retailers undergoing network modernisation.

Average Trading Volume: 23,544

Technical Sentiment Signal: Buy

Current Market Cap: £254.2M

See more data about MSI stock on TipRanks’ Stock Analysis page.