Cohort (LON:CHRT) – excellent Finals point to even higher share price

Mark Watson-Mitchell
Jul 16
2 min read

16.07.2025

This morning’s record Final Results to end-April reported a 33% improvement in group revenues to £270.0m (£202.5m), with a 30% increase in adjusted operating profits at £27.5m (£21.1m), lifting earnings up 27% to 54.44p (42.89p), taking dividends up 10% to 16.30p (14.80p) per share.

The group, which is a gathering of seven innovative, agile and responsive businesses based in the UK, Australia, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets, reported a record closing order book some 19% higher at £616.4m (£518.7m).

Chairman Nick Prest stated that:

"Cohort has reported another record revenue and profit performance, with robust operating cash generation and a record closing order book stretching out into the mid-2030s.

This gives good visibility for the coming years, and along with our net funds and market position provides a robust foundation for future organic growth as well as the ability to make further strategic additions to the Group, as we did this year.

Our performance is also a result of several strategic initiatives including the acquisition of EM Solutions, which has already contributed to the growth of our Communications and Intelligence division, as well as our investment in technologies to meet the challenges faced by global defence customers - initiatives underpinned by our strong balance sheet.

Within the shifting landscape of global security, mid-tier defence and technology companies like those within the Cohort Group play an important role in creating and delivering advanced defence solutions at speed. Our businesses supply products and services that enhance the security of the UK's allies across the globe.

In the UK, our capabilities support the UK Government's commitment to investing in a defence architecture that will make Britain safer and stronger.

We are optimistic that the Group will continue to advance in the coming 2025/26 year as demand for our products and services continue to grow, and accordingly our adjusted EPS is now likely to be ahead of our previous expectations.

Overall our longer term prospects remain strong."

In response to these results the group’s shares have opened this morning nearly 35 better at 1582p, a 42p uplift.

The shares have progressed well since my 1532p mention last Friday morning.

There is still more to come.