Arcontech’s FY25 trading update to June reports revenue and adj EBITDA in line with expectations, and adj PBT slightly ahead. FY25E forecasts are reiterated with revenue of £3.1m, equivalent to +5% yoy growth, and adj EBITDA of £0.8m. We nudge up FY25E adj PBT to £0.9m (was £0.8mE) per management guidance due to higher-than-expected interest income. We reduce FY25E net cash to £7.4m (was £7.6mE) to account for working capital outflow, since reversed post-period end. FY26E forecasts reiterated, s ....
