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Tekmar Group plc
(LSE:TGP)
Tekmar Group plc (TGP) vs. iShares MSCI United Kingdom ETF (EWC)
Tekmar Group plc Business Overview & Revenue Model
Tekmar Group plc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.94M | 32.81M | 39.91M | 30.19M | 47.03M | 40.94M |
| Gross Profit | 9.13M | 10.52M | 9.30M | 7.04M | 10.72M | 11.88M |
| EBITDA | -4.38M | -1.97M | -7.20M | -2.10M | -1.75M | 4.24M |
| Net Income | -8.32M | -6.41M | -10.12M | -5.13M | -5.44M | 1.96M |
Balance Sheet | ||||||
| Total Assets | 43.27M | 50.91M | 53.26M | 56.94M | 56.42M | 63.67M |
| Cash, Cash Equivalents and Short-Term Investments | 3.90M | 4.63M | 5.22M | 8.50M | 3.48M | 2.13M |
| Total Debt | 6.96M | 7.48M | 7.88M | 7.39M | 6.34M | 814.00K |
| Total Liabilities | 18.22M | 22.74M | 18.60M | 17.73M | 16.20M | 17.70M |
| Stockholders Equity | 25.05M | 28.16M | 34.65M | 39.21M | 40.22M | 45.98M |
Cash Flow | ||||||
| Free Cash Flow | 2.21M | 1.37M | -7.00M | -71.00K | -4.03M | -68.00K |
| Operating Cash Flow | 3.75M | 3.30M | -5.67M | 1.57M | -1.52M | 2.37M |
| Investing Cash Flow | -417.00K | -1.95M | -1.29M | -1.64M | -2.50M | -4.07M |
| Financing Cash Flow | -864.00K | -1.61M | 3.97M | 4.76M | 5.53M | -355.00K |
Tekmar Group plc Technical Analysis
Tekmar Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £37.96M | 6.17 | 11.79% | 8.33% | -25.56% | -42.49% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £36.79M | 19.77 | 5.90% | 3.53% | -6.46% | -56.20% | |
57 Neutral | £50.50M | 32.34 | 1.28% | 2.48% | 15.39% | 1240.00% | |
48 Neutral | £8.12M | ― | -25.08% | ― | -24.64% | 39.47% | |
48 Neutral | £11.07M | ― | -10.69% | 2.45% | -3.17% | 69.15% |
Tekmar Group plc Corporate Events
Tekmar Group plc has secured a significant contract exceeding US$10 million with a leading international EPC contractor for an offshore energy project in the UAE. This contract involves the design and manufacture of Tekmar’s TekDuct cable protection system and ballast modules, with work starting immediately and delivery set for Q1 2026. This award reinforces Tekmar’s strong market position in the Middle East and is seen as a step towards sustained growth, reflecting the company’s ability to convert its project pipeline into substantial orders.
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.
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.
Tekmar Group plc has announced the issuance of 166,667 new ordinary shares to its Chief Financial Officer, Leanne Wilkinson, following the exercise of options under the Company’s Share Option Plan. This move increases the company’s total voting rights to 138,888,737 shares, which will be used by shareholders to determine their interests in the company. The new shares are set to commence trading on AIM, reflecting Tekmar’s ongoing commitment to strengthening its market position and shareholder engagement.
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.
Tekmar Group plc has reached a commercial settlement with a customer regarding legacy defect notifications related to cable protection systems at offshore wind farms. The settlement, covered by insurance proceeds, resolves all known defect claims with the customer without affecting Tekmar’s ongoing commercial relationships or its position in the industry. This resolution is part of Tekmar’s broader effort to address historical challenges and focus on developing market-leading products and expanding its order book in the global offshore energy market.
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.
Tekmar Group plc has issued 166,667 new ordinary shares to its Chief Financial Officer, Leanne Wilkinson, following the exercise of options under the company’s Share Option Plan. This issuance increases the company’s total share capital to 138,888,737 ordinary shares, which will be admitted to trading on AIM. This move is part of Tekmar’s strategy to reinforce its position in the offshore energy market by enhancing its financial structure, potentially impacting shareholder interests and market dynamics.
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.
Tekmar Group plc has appointed Philip Lanigan as the new Chief Financial Officer and Executive Director, effective immediately. This strategic appointment is expected to bolster Tekmar’s leadership team, potentially enhancing its operational efficiency and market positioning in the offshore energy sector.
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.
Tekmar Group plc announced an update regarding its Non-Executive Chairman, Steve Lockard, who is also a director at TPI Composites, Inc., a company that has initiated voluntary chapter 11 proceedings in the US Bankruptcy Court. Additionally, Tekmar confirmed that its CEO, Richard Turner, was previously a director at Change Architecture Ltd within the last five years. These disclosures are in compliance with AIM Rule 17 and Schedule 2(g), ensuring transparency in the company’s governance.
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.
Tekmar Group plc has secured two significant offshore grouting contracts in Qatar, valued at approximately US$1.6 million, to support subsea infrastructure Inspection Maintenance and Repair campaigns. These contracts, awarded by existing customers, enhance Tekmar’s regional presence and demonstrate its strategic growth in grouting services, reflecting strong demand and trust in its offshore energy solutions.
Tekmar Group plc has announced a significant change in its executive leadership, with Phil Lanigan set to join as Chief Financial Officer and Executive Director, following the departure of current CFO Leanne Wilkinson. Lanigan brings extensive experience in business transformation, growth, and mergers and acquisitions, which is expected to enhance Tekmar’s strategic initiatives, including their 3-5 year plan, Project Aurora. This leadership change is anticipated to strengthen Tekmar’s position in the offshore energy sector and drive future growth, benefiting stakeholders and aligning with the company’s strategic goals.
Tekmar Group plc has secured a significant contract to supply bespoke subsea infrastructure technology for a major pipeline project in the Middle East. Valued at approximately £2.0 million, this contract highlights Tekmar’s expertise in delivering complex offshore projects and strengthens its position in the growing offshore energy market. The project is expected to be completed by September 2025, reinforcing Tekmar’s reputation for providing high-value infrastructure solutions and maintaining strong customer trust.