Trading Update

Concurrent Technologies PLC

13 July 2026

 

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain.

13 July 2026

Concurrent Technologies Plc

("Concurrent", the "Company" or the "Group")

Trading Update

Record H1 performance and strong order momentum

Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems and mission critical solutions used in high-performance markets by some of the world's major OEMs, provides an update on trading for the six months to 30 June 2026 ("H1 FY26").

Based on its unaudited management accounts for H1 FY26, the Company expects to report record results for a first half, with revenue of approximately £23.1m (H1 FY25: £21.1m) and profit before tax of approximately £3.3m (H1 FY25: £2.7m).

Order intake for H1 FY26 was significantly ahead of the prior year at £46.9m, up 110% (H1 FY25 £22.3m), driven by demand across the Group's key geographies and end markets. This included the c.£17m multi-year order secured from a European customer announced in June 2026. Excluding this order, the Group nevertheless achieved record order intake compared to any prior half-year period.

The Systems business secured approximately $8m of orders during the period and delivered a profitable first half. The business continues to make progress and is expected to become an increasingly material contributor to Group performance over the medium term. The Products business experienced more modest order intake in the first quarter, followed by an improvement in the second quarter, providing greater revenue visibility into the second half.

During H1 FY26, the Group continued to secure further design wins across both its Products and Systems businesses, with a projected lifetime value (LTV) of approximately £129m. These design wins enhance medium-term revenue visibility and underpin the Group's future growth pipeline.

The Group is also seeing increased conversion of earlier design wins, secured three to four years ago, into production orders, supporting the transition of pipeline opportunities into revenue.

To support anticipated demand, the Group's Colchester manufacturing expansion is progressing to plan, with output capacity expected to approximately double from Q3 2026.

The Group has continued to proactively manage industry-wide supply chain challenges, including securing supplier commitments for forecast DRAM requirements through 2026 and into 2027. In addition, following accelerated end-of-life announcements affecting certain Intel processor families, the Group has worked closely with customers and suppliers to secure future programme requirements through appropriate forward procurement arrangements.

The Company has entered H2 FY26 with good momentum, demonstrated by the $9.4m contract win announced post period end. Combined with a healthy backlog and pipeline and the expected conversion of design wins into production in H2, the Board believes that the Company is well positioned to at least deliver full year results for 2026 in line with current market expectations*.

Miles Adcock, CEO of Concurrent Technologies, commented: "Delivering record first-half results reflects the continued strength of demand across our key markets and the successful execution of our growth strategy across both Products and Systems. The increasing conversion of earlier design wins into production orders, as anticipated, is particularly encouraging, alongside continued new programme wins, which together are enhancing the visibility and quality of future revenues across the Group.

"Underlying demand remains strong, and alongside a solid order book, the Group is well positioned for the second half of the year and beyond."

*In so far as the Board is aware, consensus market expectations for FY26 are revenues of £53m and profit before tax of £8m.

The person responsible for the release of this announcement is Miles Adcock, CEO of Concurrent.

Enquiries:

Concurrent Technologies Plc Miles Adcock - CEO Kim Garrod - CFO	[phone]
Alma Strategic Communications Hannah Campbell / Josh Royston / Will Merison	[phone]
Investec Bank plc (Financial Adviser, Nominated Adviser and Corporate Broker) Nick Prowting / Virginia Bull / Arnav Kapoor / Tommy Jackson	[phone]

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom™ processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded operating systems. The products are sold world-wide.

For more information on Concurrent Technologies Plc and its products please visit www.concurrent.tech.

 

END