A previously disclosed contract delay with one client and a cybersecurity incident affecting another have led EnSilica to adopt a more conservative outlook. Management now expects EBITDA for FY2025 (year ended May 2025) of minus £1.3m (excluding a £1.6m provision the result would have been +£0.3m), versus our prior forecast of +£0.5m. For FY 2026, a guidance range of +£3.5m to +£4.5m has been given, compared with our previous estimate of +£5.1m. We have updated our model to reflect the revised g ....
