IN BRIEF: NARF wins USD3.6 million contract from US government agency

NARF Industries PLC - London-based cybersecurity provider - Government Research & Development segment wins 2-year, USD3.6 million contract from a US government research and development agency. Narf will develop novel approaches to accelerate computer system recovery after cyber-attacks.

Chief Executive Officer Steve Bassi comments: "This award and Narf's advancement into larger mission-aligned research programs demonstrate the effectiveness of our strategy to use government-funded innovation as the foundation for scalable capabilities. With total awards now exceeding USD10 million, Narf is generating the cash flow necessary to mature and scale these efforts, including the continued development of Ranger.ai. Opportunities for Ranger.ai are progressing well, and we expect to secure initial contract awards in [the first quarter of 2026]."

Current share price: 0.51 pence, closed down 2.9% in London on Thursday, for a market cap of GBP8.5 million

12-month change: down 23%

By Aidan Lane, Alliance News reporter

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