Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon talked with Proactive's Stephen Gunnion about the company’s continued margin growth across all three divisions — Passive Fire Protection (PFP), AgTech, and Contract Electronics Manufacturing (CEM). He noted that overall margins have risen from 26.6% in 2024 to 36.3%, a change that has significantly boosted EBITDA.
The company has swung to its first interim operating profit, underpinned by a sharp improvement in margins and a shift towards higher-value work.
Deacon explained that the company’s revenue mix is shifting, with PFP now contributing 18.8% of revenue, up from 5.7% the prior year, and AgTech increasing to 10.9% from 7.3%. This “levelling up” of divisions is enhancing overall margins, as PFP and AgTech deliver higher returns than CEM.
On PFP, Deacon said a £24 million quoted project pipeline could soon convert rapidly into revenue as regulatory delays ease. In AgTech, partnerships — including one with Agrolux, part of Scotts Miracle-Gro — are driving international expansion, with new orders delivered in France, Poland, and Germany.
Looking ahead, Deacon expects the group’s £58 million total quoted pipeline to start converting faster, with new defence market opportunities in CEM and recurring revenue growth from AgTech sensor products.
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