Tekmar builds record order book and boosts visibility as Project Aurora gains traction

Tekmar Group plc ( (GB:TGP) ) just unveiled an update.

Tekmar Group reported audited results for the year to 30 September 2025 showing revenue of £28.7m and adjusted EBITDA of £0.1m, in line with expectations but down on the prior year, while gross margins improved to 34% as its Project Aurora restructuring created a leaner cost base and sharper commercial focus. The company highlighted a strong second-half recovery, substantial progress in resolving legacy defect notifications with no cash impact, a record £40.7m order book with £26m of FY26 revenue already secured, and a strengthened balance sheet following the sale of Innovation House, giving management greater visibility and confidence to pursue its strategy of organic and acquisition-led growth in structurally expanding offshore energy markets.

The board said momentum has continued into FY26, with £43m of new orders since July 2025 and expectations that first-half performance will exceed the prior year and full-year results will meet current market forecasts. Management argues that the successful execution of Project Aurora, supported by a refreshed board and new CFO, is positioning Tekmar as a more diversified and profitable engineering technology business poised to outperform its growing markets and deliver sustainable returns for shareholders.

The most recent analyst rating on (GB:TGP) stock is a Sell with a £5.00 price target. To see the full list of analyst forecasts on Tekmar Group plc stock, see the GB:TGP Stock Forecast page.

Spark’s Take on GB:TGP Stock

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

Tekmar Group plc’s overall stock score is primarily impacted by its weak financial performance, characterized by negative profitability and cash flow issues. The technical analysis provides some positive signals, but these are not strong enough to offset the financial challenges. The valuation is also unattractive due to the negative P/E ratio and lack of dividend yield.

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

More about Tekmar Group plc

Tekmar Group plc is a UK-headquartered provider of asset protection technology and offshore energy services, focused on engineering-led solutions that support the global energy transition. Through its Offshore Energy and Marine Civils divisions, the group supplies geotechnical design, simulation and engineering analysis, bespoke equipment, and subsea protection and stability technologies for offshore wind farms, other offshore energy assets and marine infrastructure worldwide.

Average Trading Volume: 413,533

Technical Sentiment Signal: Buy

Current Market Cap: £12.91M

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