Synectics Regulatory News (SNX)

Synectics plc

("Synectics" or the "Company" or the "Group")

Full Year Trading Update

Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, provides an update on trading for the year ended 30 November 2025 ("FY 2025").

FY 2025 Update

The Group has delivered a solid performance in FY 2025, reflecting continued momentum across core markets and the successful delivery of a significant contract in the leisure and hospitality sector.

Revenue for the year is expected to be approximately £68 million (FY 2024: £55.8 million), with adjusted* EBITDA of £8.5 million (FY 2024: £6.3 million) and adjusted* PBT of no less than £6.0 million (FY 2024: £4.7 million). This performance includes the delivery of a significant, non-recurring gaming contract in South-East Asia, previously highlighted in the Group's interim results, which contributed approximately £12 million to FY 2025 revenue.

As at 30 November 2025, the Group had an order book of approximately £26.5 million (31 May 2025: £35.1 million; 30 November 2024: £38.5 million). The change in order book from the prior year end predominantly reflects the completion of the significant gaming contract which had previously been included in this figure, as well as some impact from global economic conditions delaying the timing of certain project approvals, particularly in oil and gas.

At 30 November 2025, the Group had a record cash balance of £14.1 million (31 May 2025: £12.1 million; 30 November 2024: £9.6 million). This strong position provides the Group with the ability to fund its investment programme and continue exploring selective acquisition opportunities aligned with its strategic priorities.

Reflecting the Board's continued confidence in the business' prospects, an increased final dividend of 2.8 pence per share (FY 2024: 2.5p) is recommended, giving an increased total dividend up 11% to 5.0 pence per share (FY 2024: 4.5p).

Strategic Progress and Outlook

In its FY 2024 results, Synectics outlined a refreshed strategy to align long-term objectives, accelerate growth and position the Group for long-term value creation. Throughout FY 2025, the Group has made positive initial progress on this strategy, which has evolved into a business-wide transformation, transitioning from a bespoke, project-led model to a scalable, product-led software platform with defined sector focus and partner centric global reach. As part of this progress, key leadership roles have been appointed to support delivery and execution. This strategy will drive higher margin growth, improve the quality of revenue and scale the business in a sustainable way.

Looking ahead, the Group enters FY 2026 with a solid order book and growing momentum in strategic execution. FY 2026 will reflect the absence of the one-off gaming contract delivered in FY 2025; however, the Group continues to see solid demand and has good visibility on its new business pipeline. Recent contract wins in the renewables and decarbonisation sectors reflect early traction from the Company's strategic initiatives to broaden its market reach and diversify its end markets.

As previously highlighted in the Group's interim results and the 16 October 2025 trading update, increased investment is anticipated in line with the Group's long-term growth priorities, funded from existing cash resources, as the Group executes its strategic transformation and continues to build the capabilities required to scale.

Given the evolving nature of this transformation, a more detailed view of FY 2026 and future year expectations will be provided alongside the full year results in March 2026. The Board remains confident in Synectics' strategy and prospects.

Amanda Larnder, Chief Executive Officer, commented:

"FY 2025 has been a positive year for Synectics, with the delivery of a solid financial performance and strong early progress on the strategic transformation of the business. We are focussed on aligning Synectics to the scale of the opportunity ahead - building a more scalable, product-led software platform business with stronger technology, a clearer go-to-market model, and a structured partner ecosystem.

We enter FY 2026 with a solid order book, a robust balance sheet, growing traction across our core and emerging markets and real momentum in delivering our strategy. I am confident that the changes we are making now will deliver long-term growth and stakeholder value creation."

*before share-based payment charge and exceptional items

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About Synectics plc

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance solutions that help protect people, property and assets around the world.

It transforms customer operations by seamlessly integrating systems, technologies, and data into a unified solution-enhancing safety, improving efficiency, and enabling smarter, faster decision-making and response capabilities.

With its technical expertise, decades of experience, and strong partnerships, Synectics sets itself apart by delivering innovation and service that drive real value and long-term success.

Find out more at www.synecticsplc.com.