Tekmar has released interim results, with revenue in the period to March 2025 of £12.3m and adjusted EBITDA loss of £0.7m. The project bidding pipeline is strong at over £400m; though the orderbook has been building slower than hoped, with order intake in the period of £10.0m and period-end order book of £12.6m but is consistent with management’s previous guidance towards a greater 2H25 weighting. However, Tekmar is seeing improving demand within the offshore wind market as it adjusts to new mar ....
