The company has announced a significant order for a new North American customer in the energy sector with an aggregate value of £1.75m. This order is significantly greater than earlier expectations and as a result performance is expected to be materially ahead of expectations in FY26. We therefore upgrade our EPS expectation for FY26 by 76% to 1.5p, with the shares now looking compelling value on a FY26E P/E of just 4.5x as earnings and commercial traction are accelerating.
