RE: Percy Results opinion please26 Feb 2026 12:12
2buyor2sell,
Thanks.
The market is aware of lower revenue, and as it’s been widely reported and forecast, I hope it doesn’t affect the sp.
We should expect to see the £5 m profit moved from 2024, to 2025, as reported ly, due to contract start dates.
The operating costs tightened due to one steel fc, one team not two, as cfo spoke about, head count probably at circa 650 from 700, perhaps even larger cut, who knows?
We don’t know if the nov’25 new deal with weichai will be split into 25/26?
So the cash and investment balance will be extremely interesting for shareholders, and runway.
More importantly, what revenue has ceres collected from doosan.
Plus the all important updates on existing contracts. Shell work in Bangalore and delta, etc.
The future prospects on existing projects is going to be critical to sp, and monetary forecasts.