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Tekmar Group plc ( (GB:TGP) ) has issued an announcement.
Tekmar Group plc has provided a trading update for the fiscal year ending September 2025, highlighting a strong bidding pipeline but slower-than-expected conversion to orders. This delay has impacted the financial outlook for the second half of FY2025, with some revenue moving to FY2026. Despite these challenges, Tekmar expects to achieve an adjusted EBITDA break-even for the year, marking an improvement from a first-half loss. Under CEO Richard Turner’s leadership, the company is progressing with Project Aurora, aiming for medium-term value creation through increased order intake, cash control, and new business verticals. The strategic focus includes growing the Offshore Energy Services division and executing mergers and acquisitions to enhance shareholder value.
The most recent analyst rating on (GB:TGP) stock is a Hold with a £6.00 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 influenced by its financial performance challenges, particularly in profitability and cash flow. However, recent corporate events, including securing major contracts and strategic leadership changes, provide a positive outlook for future growth. Technical analysis indicates neutral momentum with potential for improvement, while valuation metrics remain a concern due to ongoing losses.
To see Spark’s full report on GB:TGP stock, click here.
More about Tekmar Group plc
Tekmar Group plc is a leading provider of asset protection technology and offshore energy services, specializing in engineering solutions for offshore wind farms and marine infrastructure. With nearly 40 years of experience, the company offers geotechnical design, subsea protection technology, and bespoke equipment design to optimize and de-risk projects, improve safety, and lower costs. Headquartered in Newton Aycliffe, UK, Tekmar operates globally with offices and partnerships across Europe, Africa, the Middle East, Asia Pacific, and North America.
Average Trading Volume: 121,924
Technical Sentiment Signal: Strong Sell
Current Market Cap: £7.47M
See more insights into TGP stock on TipRanks’ Stock Analysis page.