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SRT Marine Systems ( (GB:SRT) ) just unveiled an update.
SRT Marine Systems reported a strong first half to 31 December 2025, with revenues almost doubling year on year to £51.1m and profit before tax rising 48% to £3.1m, driven mainly by its sovereign maritime surveillance systems business. Gross cash rose to £41.6m, including significant restricted project cash, while an active order book of about £350m across five sovereign customers and continued cash generation underpin management’s confidence in meeting market expectations.
The group’s systems business continues to scale rapidly, supported by a visible new contract pipeline of around £1.8bn and the signing of a new £195m sovereign surveillance contract pending activation, alongside a £15.3m follow-on deal with an existing customer. Operational milestones included the first unmanned surface surveillance vessel program becoming fully operational in Kuwait and the post-period launch of the NEXUS VHF/AIS communications system, which together broaden SRT’s technology offering and reinforce its positioning as a leading provider of integrated maritime domain awareness solutions.
The most recent analyst rating on (GB:SRT) stock is a Sell with a £83.00 price target. To see the full list of analyst forecasts on SRT Marine Systems stock, see the GB:SRT Stock Forecast page.
Spark’s Take on SRT Stock
According to Spark, TipRanks’ AI Analyst, SRT is a Neutral.
The score is primarily constrained by cash flow weakness despite strong revenue growth and improving operating efficiency. Technicals are currently weak with negative momentum (though potentially oversold), and valuation is stretched due to a very high P/E with no dividend support.
To see Spark’s full report on SRT stock, click here.
More about SRT Marine Systems
SRT Marine Systems is a UK-based developer and supplier of civil defence maritime intelligence and surveillance systems, as well as navigation safety and efficiency solutions. Its customers include sovereign agencies such as coast guards, fisheries and waterways authorities, alongside commercial and leisure vessel operators seeking enhanced maritime domain awareness and digital navigation capabilities.
Average Trading Volume: 293,727
Technical Sentiment Signal: Buy
Current Market Cap: £215.1M
Find detailed analytics on SRT stock on TipRanks’ Stock Analysis page.