Solid State reports strong full-year growth

(Sharecast News) - Solid State reported strong full-year growth on Monday, with revenue up 23.2% to £154.1m and adjusted pre-tax profit rising 72.0% to £8.6m, driven by defence and security demand, AI-related data centre activity and improved performance across all three divisions.

Reported pre-tax profit rose to £5.8m from £0.3m, while adjusted diluted earnings per share increased 77.4% to 11.0p.

The AIM-traded group lifted its full-year dividend 10.0% to 2.75p and reduced net debt to £4.2m from £7.4m, while the open order book stood at £102.4m at 31 May.

Solid State said trading had started well in the new financial year, with the initial $10.8m Project CAIN shipment completed in the first quarter, and said it expected to exceed current market expectations for FY26/27.

Victor Chavez CBE has taken over as non-executive chairman with immediate effect, replacing Nigel Rogers, who will support a transition until the end of the calendar year.

At 1413 BST, shares in Solid State were up 7.74% at 207.4p.

Reporting by Josh White for Sharecast.com.

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