Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Filtronic ends year ahead of market expectations
(Sharecast News) - Filtronic said in an update on Wednesday that it expects to report full-year results ahead of market expectations after delivering strong revenue growth and margin expansion in the year ended 31 May. The AIM-traded RF technology specialist, which serves the space, aerospace, defence and telecoms markets, said it expected to report revenue of £56.3m, more than double the £25.4m recorded in the prior year, with adjusted EBITDA rising to no less than £16.6m from £4.9m.
It said trading momentum continued in the second half, supported by growing customer demand, particularly in the European space and defence sectors.
Contract wins included orders from Viasat, the European Space Agency, and Airbus for its OneWeb constellation, as well as a £0.8m contract from Leonardo, marking entry into a new aerospace and defence programme.
Cash at year-end stood at £14.5m, up from £7.2m at the half-year, with net cash of £12.3m.
Filtronic highlighted growing demand driven by rising European defence spending, increased need for sovereign capability, and shortages in RF engineering.
The company also noted progress in technology development, including chipsets for new frequency bands, expected to be ready by early 2026.
It recently launched the Prometheus V-band amplifier, which it described as a major advancement for long-range satellite communications.
"We are delighted with this strong trading performance, demonstrating our ability to ramp quickly and respond to market needs," said chief executive Nat Edington.
"This has positioned us well with our lead customer where there is strong alignment on rapid execution.
"We look forward to 2026 with further optimism as we continue to invest in the business and capitalise on the expanding market opportunity in front of us."
The company added that a strong order book and growing pipeline, including opportunities in geostationary and medium Earth orbit markets, left it well placed to meet expectations for the year ahead.
Full-year results would be announced on 29 July.
At 1212 BST, shares in Filtronic were down 1.23% at 153.1p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
