MS International Refocuses on Defence as Interim Profits Hold Steady and Cash Grows

The latest announcement is out from MS International ( (GB:MSI) ).

MS International reported broadly flat interim results for the half year to 31 October 2025, with profit before tax of £8.47m on revenue of £55.81m, a slight dip year-on-year, though like-for-like profit excluding derivative impacts rose to £9.28m and cash balances strengthened to £35.73m. The group highlighted 2025 as a pivotal year following a strategic decision to refocus on its Defence and Security division and seek buyers for its Forgings and Petrol Station Superstructures and Branding operations, alongside an enhanced, younger board and strengthened US and European footprint. In Defence and Security, the company secured a further annual contract from the US Navy for its MSI-DS 30mm naval weapon system, expanded support and maintenance facilities in the US and Poland, and upgraded its US business development capability, positioning it for growth in both naval and land defence markets. The Forgings division faces subdued near-term demand in the UK and US amid trade-policy uncertainty, but has begun deliveries to Mitsubishi Logisnext America and is quoting for additional major lift-truck OEM programmes, indicating a potentially substantial US growth pipeline. The Petrol Station Superstructures and Branding businesses have been successfully merged and continue to trade strongly, benefiting from large-scale fuel forecourt transformation projects and the rise of multi-purpose fuel hubs with EV charging and food-to-go offerings, prompting plans to expand manufacturing capacity and capitalise on increased demand from major retailers.

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 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 weapon systems, industrial forgings and components, and designs, manufactures and installs petrol station superstructures and branding for fuel forecourts, targeting defence markets in the UK, US and Europe and forecourt infrastructure projects driven by refurbishment and multi-purpose fuel hub developments.

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.