Tekmar wins £2m Japanese offshore wind contracts to bolster Asia-Pacific growth

Tekmar Group plc ( (GB:TGP) ) has shared an update.

Tekmar Group plc, a specialist in offshore asset protection technology and energy services, has secured two contracts worth a combined £2 million for a Japanese offshore wind farm project. The main award covers the supply of its 10th-generation cable protection systems directly to the wind farm developer, with work starting immediately and revenue to be recognised through the rest of FY26 and into the first half of FY27.

The deal extends Tekmar’s presence in the Asia-Pacific offshore wind market and underscores the strength of its integrated in-house engineering, having already provided technical analysis and design for the project. Management said the win supports the Group’s Project Aurora growth strategy and evidences a more diversified, multi-year order book, reinforcing its positioning in a rapidly globalising offshore wind supply chain.

The most recent analyst rating on (GB:TGP) stock is a Sell with a £10.00 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 TGP Stock

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

The score is primarily driven by weak financial performance (persistent losses, steep FY2025 revenue decline, and a return to operating/free-cash-flow burn), which outweighs improving margins and moderate leverage. Technical indicators add pressure due to bearish trend signals and oversold momentum, while valuation remains unattractive/unclear with negative earnings (negative P/E) and no dividend yield data.

To see Spark’s full report on 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 the global energy transition and marine infrastructure markets. Operating through Asset Protection Technology and Offshore Energy Services divisions, it supplies engineering-led solutions that protect and stabilise offshore wind farms, subsea interconnectors, oil and gas assets, and port and harbour infrastructure worldwide.

With around 40 years of industry experience, Tekmar has supported more than 120 offshore wind projects across 25 countries, covering over 40GW of installed capacity and deploying thousands of cable protection and subsea stabilisation products. The Group operates internationally with offices, manufacturing sites and partnerships across Europe, Africa, the Middle East, Asia-Pacific and North America, leveraging scalable engineering and manufacturing capabilities to serve increasingly complex offshore developments.

Average Trading Volume: 367,019

Technical Sentiment Signal: Buy

Current Market Cap: £15M

See more insights into TGP stock on TipRanks’ Stock Analysis page.