Shares in AIM-listed computer products maker Concurrent Technologies (LON:CNC) jumped after the firm posted record H1 results. Investors also picked up on the exceptional growth in new orders with intake up 110% in H1.
Record H1 results
For the six months to June, Concurrent posted record revenue of £23.2 million. Product revenue rose 10.6% to £19.8 million, while Systems revenue rose 9% to $4.6 million (£3.4 million).
The firm noted its continued progress in turning previous design wins into production programmes. New wins during H1 represent an estimated lifetinme value of aroound £129 million.
Order intake increased 110% to £36.9 million, already matching the total for the whole of FY25. The firm has already increased cpacity at its Colchester site enabling a doubling of output as demand ramps up in H2.
Concurrent Technologies H1 2026 results
| H1 2026 | H1 2025 | Change | |
| Revenue (£m) | 23.2 | 21.1 | 10% |
| EBITDA (£m) | 4.8 | 4.0 | 20% |
| Pre-tax profit (£m) | 3.2 | 2.7 | 19% |
| Order intake (£m) | 46.9 | 22.3 | 110% |
Source: Company accounts
FY results to beat expectations
Despite the uncertain maco-economic environment and industry-wide supply chains, the firm has started H2 with strong momentum. Thanks to record orders, increasing conversion of design wins into production and a healthy pipeline of opportunities, FY results will beat expectations.
Revenue will likely ‘materially’ exceed current forecasts, while earnings will also beat on the phasing of profit recognition. As of today, the firm’s order book stands at £68 million, and the firm expects an ‘exceptionally busy’ Q4 as a result. CEO Miles Adcock revealed to Sharesify that had supply chains not been disrupted by the Middle East situation, the results would have been better still.
We’ve written about Concurrent Technologies several times and the fact its order book is growing rapidly. Not only is it winning more work, the value and length of the contracts is increasing which improves revenue and earnings visibility.
The firm has also raised its game in terms of converting lower-margin System design wins into higher-margin production programmes. The decision to double manufacturing capacity at its Colchester site means ‘the lights are bright green’ for the FY, the CEO told Sharesify.
