Record Order Book and Strong Growth Projections
Order intake reached GBP 781 million, up 20% year-on-year, delivering another record order book of GBP 1.3 billion, up 32% since last year. The company aims to double annual revenue to GBP 1 billion by 2030.
Energetics Segment Success
Energetics businesses achieved record order books, with revenue in the Countermeasures & Energetics segment growing by 17%. Operating profit increased by 37% and margin grew to 19.1%.
Improved Operational Efficiency
Operating margin improved from 14.3% to 14.8%, and cash conversion rose to 114%. EPS increased by 3% despite higher tax and finance costs.
Safety and ESG Progress
Total recordable injury frequency rate fell to 0.48 from 0.69, demonstrating progress towards the zero harm ambition.