FY25 results were in line, showing strong revenue momentum and drop through to profit, generating its first PBT for many years. Positive trading momentum has continued into FY26, with 1Q trading seeing a 40% increase, ahead of expectations, benefitting from the recent energy sector order win. It generated a strong cash performance, with year-end cash of £0.8m since boosted by strong 1Q trading to £1.2m on 31 December 2025. We make no change to recently upgraded FY26E forecasts, introducing a 30p ....
