Filtronic Share News (FTC)

(Alliance News) - Filtronic PLC on Tuesday said it had a "record order book" as it entered the second financial half confident of continuing planned growth, as it posted a lower interim profit.

The Sedgefield, England-based maker of advanced micro electronics said pretax profit fell 61% to GBP2.6 million in the six months to November 30 from GBP6.7 million a year ago.

Revenue edged down 1.3% to GBP25.3 million from GBP25.6 million. Material cost of goods sold increased 13% to GBP11.0 million from GBP9.7 million, while employee costs were 29% higher at GBP7.8 million from GBP6.1 million. Expenses classified as "other" increased 31% to GBP2.9 million from GBP2.2 million.

The firm said financial results are in line with its expectations with "very positive momentum" in new business activity.

Following "strong order levels" in the first half of the year, it said it enters the second half with a record order book, which provides "clear visibility and confidence in our strategy and sustained long-term growth".

The company added that around 90% of financial 2026 revenue is covered by contracted orders.

It remained confident in meeting current market expectations for revenue and earnings before interest, tax, depreciation and amortisation in the current financial year ending May 31.

The company said market expectations for the financial year are for revenue of GBP55.5 million, with a range of GBP54 million to GBP56.9 million, and Ebitda of GBP10.9 million with a range of GBP10.1 million to GBP12.0 million.

The expected revenue of GBP55.5 million would be 1.4% lower than GBP56.3 million in financial 2025, while the anticipated Ebitda would be down 36% from an adjusted Ebitda of GBP17.0 million.

Chief Executive Officer Nat Edington said: "The first half of the year demonstrated the strength of Filtronic's positioning in markets where performance, reliability and security are mission critical. Demand across our space, aerospace and defence markets remains robust, and our focus on high-frequency RF [radio frequency] technologies continues to differentiate us with customers operating in the most demanding environments.

"With a record order book, increasing customer diversification and the business now operating at greater scale, we have entered the second half confident of continuing our planned growth."

Filtronic shares fell 0.3% to 182.51 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.