H1 results are as expected, with revenue of £29.9m (H1’24: £26.0m) and an adj. loss before tax of £3.8m (H1’24: £0.4m loss). Since the General Election, project visibility has improved, with policy direction clearer and demand remaining strong. The order book has increased to £114m (Jan. ‘24: £102m). Whilst the H2 revenue weighting is large at 63%, our forecast is fully covered by secured orders, with 40% of the order book for delivery in H2. Management therefore reiterates guidance and we make ....
