Filtronic ends year ahead of market expectations
By Josh White
Date: Wednesday 25 Jun 2025
(Sharecast News) - Filtronic said in an update on Wednesday that it expects to report full-year results ahead of market expectations after delivering strong revenue growth and margin expansion in the year ended 31 May.
The AIM-traded RF technology specialist, which serves the space, aerospace, defence and telecoms markets, said it expected to report revenue of £56.3m, more than double the £25.4m recorded in the prior year, with adjusted EBITDA rising to no less than £16.6m from £4.9m.
It said trading momentum continued in the second half, supported by growing customer demand, particularly in the European space and defence sectors.
Contract wins included orders from Viasat, the European Space Agency, and Airbus for its OneWeb constellation, as well as a £0.8m contract from Leonardo, marking entry into a new aerospace and defence programme.
Cash at year-end stood at £14.5m, up from £7.2m at the half-year, with net cash of £12.3m.
Filtronic highlighted growing demand driven by rising European defence spending, increased need for sovereign capability, and shortages in RF engineering.
The company also noted progress in technology development, including chipsets for new frequency bands, expected to be ready by early 2026.
It recently launched the Prometheus V-band amplifier, which it described as a major advancement for long-range satellite communications.
"We are delighted with this strong trading performance, demonstrating our ability to ramp quickly and respond to market needs," said chief executive Nat Edington.
"This has positioned us well with our lead customer where there is strong alignment on rapid execution.
"We look forward to 2026 with further optimism as we continue to invest in the business and capitalise on the expanding market opportunity in front of us."
The company added that a strong order book and growing pipeline, including opportunities in geostationary and medium Earth orbit markets, left it well placed to meet expectations for the year ahead.
Full-year results would be announced on 29 July.
At 1212 BST, shares in Filtronic were down 1.23% at 153.1p.
Reporting by Josh White for Sharecast.com.
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