18% Rise2 Dec 2025 09:47
RC Fornax shares up 18% after bumper trading update: RC Fornax PLC (AIM:RCFX) shares jumped 18% to 7.28p after the defence consultancy revealed a blockbuster start to its financial year, delivering the strongest wave of new work it has ever seen.
The company, which supports some of the UK’s most sensitive defence programmes, reported £2.5 million in total orders during the first quarter of its FY26 year, more than 70% higher than a year ago.
A key tailwind has been the government’s Strategic Defence Review, which has prompted clients to speed up projects and revisit long-term plans.
RC Fornax also pointed to internal improvements made over the past five months, including stronger governance and better risk management, which it says have made bidding faster and more reliable.
The real standout number is the £2.2 million in fresh work booked so far, marking growth of more than 180% on last year and a jump of over 1,200% compared with the previous quarter.
Three new clients have joined the roster, adding to ongoing work.