Audited results for the year ended 31 March 2026

Time To ACT PLC

29 September 2026

 

Time To ACT plc

("Time To ACT", "the Company" or "the Group")

Audited results for the year ended 31 March 2026

Time To ACT plc (AQSE: TTA), the Aquis-listed specialist engineering group, is pleased to announce audit clearance for its results for the year ended 31 March 2026.  

Financial highlights

·    Unqualified (clean) audit opinion with no going concern issues

·    Turnover of £2,420,068 (prior year £2,281,394), representing growth of 6%

·    Gross profit margin of 69% (47%)

·    Cash at year end £942,337 (£964,555)

·    The annual report and signed financial statements for the year ended 31 March 2026 will be available from the company's website, www.timetoactplc.com. The statutory accounts will be delivered to Companies House in due course.

Chris Heminway, Chief Executive & Chief Strategy Officer of Time To ACT plc, said:

"As previously stated, I am keen to switch investor focus from looking in the rear-view mirror to the view through our front windscreen.   In these audited accounts, the view presented through the front windscreen that we are justifiably pleased with is the unqualified audit opinion with no going concern issues noted for the twelve-month period starting from now.

I am otherwise pleased to reiterate the continuing positive shift in momentum in the business outlook.  Order intake in September (including a few orders drifting into the first few days of October) will be towards the upper end of the communicated £1.1-1.2m range, with MTE closing out the best month since its acquisition in May".

Engage with the Time To ACT management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here: https://investors.timetoactplc.com/announcements

Enquiries:

Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor hub
Time To ACT plc Chris Heminway, Chief Executive & Chief Strategy Officer Jason Moody, Chief Operating Officer	Tel: [phone] Email: [e-mail] Email: [e-mail]
Oberon Capital, Corporate Broker and AQSE Corporate Advisor Nick Lovering, Adam Pollock	Tel: [phone]

Subscribe to our news alert service: https://investors.timetoactplc.com/s/c18e13

Business review

Turnover in 2026 was £2,420,068. This represents growth of 6% compared to underlying turnover for 2025 of £2,281,394. Hydrogen sector opportunities form a material and growing percentage of the turnover base. From 2022 to 2026 the Compound Annual Growth Rate ('CAGR') in underlying turnover is 18.1%.

Gross profit in 2026 was £1,663,650 with a margin of 69% compared to 2025 where gross profit was £1,073,590 with a margin of 47%. Margin increase was largely driven by a single sale of surplus coating compound executed in September 2025.

Closing cash in the Group was £942,337. A reduction of £22,218 from the opening balance of £964,555. In addition to cash used in operations, the Group continued to invest in capital equipment such as £55,347 (2025: £132,359) in preparation for expected material increase in Hydrogen sector revenues going forward. This preparation and capital investment is largely complete. The Group also continued to invest with £33,782 (2025: £55,993) in the prosecution of patents related to the GreenSpur Axial Flux Generator Technology. The ongoing cost of patent expenditure is expected to remain broadly stable at around these levels given the progress of current patent prosecution.

In May 2024, Time To ACT plc listed on the Aquis Stock Exchange. The Group continues sees Aquis as an important entry point to the public markets and for delivering a permanent capital vehicle and value for its new and existing shareholders. 

Outlook

The Group continues to work on growing its cleantech and general industrial customer base and moving towards breakeven. Strategic partnerships and deals continue to be a focus as a way to create value.

   

NOTES TO THE FINANCIAL STATEMENTS

1.   Basis of preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements 

2.   Audit opinion

These financial statements are audited and have been given an unqualified opinion with no emphasis of matter paragraphs and no going concerns issues noted.

3.   Directors' responsibility

The directors of the company are responsible for the preparation of the accounts and state that the financial statements give a true and fair view.

 4.   Post balance sheet events

In April 2026, the Group raised £430,000 in new equity (before costs).

In May 2026, the Group purchased the business and assets of MTE Heat Treatment Limited - In Administration via a newly formed subsidiary, Metal Treatment and Engineering Limited.

In May and June 2026, the Group used a portion of its cash reserves to repay £308,790 of debt in the form of Convertible Loan Notes and CBILS loans outstanding at year-end.

 5.   Availability of annual report and financial statements

The annual report and financial statements for the year ended 31 March 2026 will shortly be available from the company's website www.timetoactplc.com. The statutory accounts will be delivered to Companies House in due course.

About Time To ACT plc

Time To ACT plc is a growth-focused specialist engineering group operating through two established businesses (Diffusion Alloys and MTE) that are combined into the Thermal Processing division and one earlier-stage development activity (GreenSpur).  As the parent company of the Group, Time To ACT provides strategic and operational support to the operating companies and capital to enable their growth.

About Diffusion Alloys 

Diffusion Alloys is an established specialist provider of high-temperature diffusion coating and thermal processing technologies for critical industrial applications.

The business supports customers operating in demanding environments where components are exposed to high temperatures, corrosion, erosion and aggressive process conditions, including sectors such as hydrogen, sustainable fuels, nuclear, petrochemical processing and energy transition infrastructure.

Diffusion Alloys operates through two complementary business units:

·    Coating Technology, focused on licensing, technical partnerships and flexible-capacity deployment models; and

·    Coating Services, the operational processing business centred on its Middlesbrough facility.

Alongside its coating technologies, Diffusion Alloys is developing a broader thermal processing platform through the integration of complementary metallurgical and heat treatment capabilities. The business combines large-scale industrial processing capacity with specialist technical expertise in surface engineering and high-temperature metallurgy.

About MTE

MTE is a specialist thermal processing and precision engineering business providing heat treatment, induction hardening, gear cutting, grinding and metallurgical processing services for industrial engineering applications.

The business supports customers across sectors including automotive, energy, marine, heavy industry and precision engineering, supplying critical components requiring high levels of dimensional accuracy, durability, wear resistance and process consistency.

MTE combines sealed quench heat treatment capability, induction hardening expertise and precision gear manufacturing with specialist knowledge in distortion control, quenching techniques, metallurgical verification and associated metrology.  Its integrated processing model enables customers to access multiple complementary engineering services through a single specialist supplier, combining precision metallurgical control with scalable production capability for both specialist low-volume and higher-throughput industrial applications.

The business operates from its facility in West Yorkshire and provides subcontract engineering services to a broad industrial customer base, supported by in-house laboratory, quality assurance and technical inspection capabilities.

About GreenSpur

GreenSpur is a generator technology and intellectual property company focused on advanced electrical machine systems for renewable energy and industrial power applications.

The company develops scalable axial flux generator technologies designed for implementation across a range of sectors, including wind, marine, distributed energy and other specialist power generation applications.  GreenSpur's platform-based approach enables the development of customised generator solutions that are optimised for differing operational, environmental and commercial requirements.

GreenSpur's technologies are supported by an extensive intellectual property portfolio and are designed to provide flexibility across magnetic materials, cooling systems, drive configurations and deployment environments.  GreenSpur has developed the world's first credible Rare Earth-free technology which is competitive with existing Rare Earth magnet-based radial flux machines.  This generator design eliminates the need for Rare Earth magnets and copper coils without any loss in electrical performance.

The business operates primarily through technology development, engineering services and licensing partnerships, while also selectively supporting manufacturing and industrialisation activities where appropriate.

 

END