SRT Marine Systems 1H25 results to December are in line with the January trading update. Commencement of several projects from the £320m Systems project order book and rapid delivery of first revenue milestones led to +376% revenue growth to £26.2m, of which 83% came from Systems. Strong gross margins and operational leverage from previous headcount investment delivered £3.0m adj PBT with 1H25 £9.8m net debt, since improved to c.£4m. Significant growth in FY25 and future years are highly depende ....
