Synectics said full-year profit would come in at the top of its guided range, helped by stronger margins and progress on its turnaround strategy.
The AIM-listed security and surveillance technology company said revenue for the year to 30 November would be in line with expectations, while adjusted EBITDA would reach the top of its £3.7m to £4.1m range.
It attributed the upgrade to stronger margins and the early benefits of its “5P” strategy, which involves simplifying how it deploys products and tightening commercial discipline.
The company said the energy market opportunities it had flagged as uncertain at its half-year results, particularly in the Middle East, remained active but were now expected to extend into its next financial year.
It said it has a significant pipeline in the sector and remains confident in its growth prospects entering 2027.
Amanda Larnder, Chief Executive Officer, said: “We are pleased to announce expected adjusted EBITDA at the top end of the range communicated at our interim results, particularly given that some of the Energy opportunities we had expected to contribute in FY26 are now moving into the new financial year. This reflects stronger margins and performance across the Group and provides early evidence of the stronger, more resilient business we are building.”
“Over the past year we have made deliberate changes to how we develop our products, work with partners, target our priority markets and operate the business. There is still plenty to do, but many of the foundations are now in place and we are moving increasingly from building those capabilities to executing against them, and we are beginning to see early evidence of the benefits.”
“We enter FY27 with a significant Energy pipeline alongside growing opportunities across the wider critical security markets we serve. Our focus is on converting those opportunities, increasing the pace of execution and continuing to build a larger, more scalable business, with the benefits of the changes we are making increasingly reflected in our financial performance.”