Image Scan Holdings trading "significantly ahead" of financial 2025

(Alliance News) - Image Scan Holdings PLC on Wednesday announced it is trading "significantly ahead" in the current financial year compared to financial 2025.

In response, shares in the company closed up 20% at 1.80 pence each in London on Wednesday.

Despite the loss of a UK defence subcontract earlier this month, the Loughborough, UK-based security solutions group said it ended January with GBP1.1 million worth of orders, compared to GBP700,000 million at the end of September, the close of financial 2025.

It retains a cash position of the same value, also increased from GBP700,000 at the end of September.

This is attributed to "a strong order book" containing a number of orders for their latest system, 'ThreatScan-AS2', the introduction of which has "broadened" the company's competitive position. Already-announced contract wins support this strong performance also.

Image Scan expects to record a small loss at the half-year, reflecting "stronger demand" and "an increased volume of activity across multiple markets" compared with the first half of financial 2025.

"We have had a much stronger start to the year compared with the same period last year, with several key contract wins and increased activity across all major markets. While the termination of the UK defence programme is disappointing, it was not performance-related, and we continue to progress discussions around its orderly conclusion.

Our strengthened order book, promising sales momentum, and continued innovation, particularly with the ThreatScan‑AS2, give us confidence as we move into the second half of the year," says Vincent Deery, Chief Executive Officer of Image Scan.

Image Scan's financial year runs to end-September.

By Abena Oppon, Alliance News reporter

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