RE: The down side, 80% lower than all time high.31 May 2026 13:59
Key Contracts & AwardsPublic Sector Space Contract: RC Fornax secured a £370,000, 6-month contract as the lead contractor and integrator on a UK government space-sector program, heading a consortium of specialists and academics.Tier-1 Defence Client Extension: The company inked a £470,000 contract extension with an existing tier-one defense client to continue providing specialist engineering services.Framework Bids: They are actively bidding across seven major public sector frameworks and are included on the Aurora Engineering Partnership's Evolve network, which widens their access to larger, long-term programs.Financial & Operational HighlightsRevenue Growth: The company reported record-breaking first-half momentum for FY26, with revenue up 40% half-on-half and a firm order book/sales visibility of approximately £4.5M to £5.1M.Business Model Shift: Higher-value, outcome-based services now make up over 70% of their revenue mix, increasing profit margins.Balance Sheet: Following a successful £2.1M equity fundraise, the company reported £1.8M in cash to support ongoing strategic growth.