SRT Marine Systems – end-June Finals show quadrupled revenues, £325m of contracts and a prospects pipeline of £1.8bn, shares 81.20p, SQC TP 150p

Mark Watson-Mitchell
Oct 22
2 min read

Mark Watson-Mitchell – 22.10.2025

Commenting on today's results for his group’s results for the year to end-June, Simon Tucker, CEO of SRT Marine Systems (LON:SRT) stated that:

"The marine domain is critically important in many ways to everyone.

And yet what goes on there is mostly unseen and remains a mystery.

SRT is working to solve this global issue with our integrated marine domain systems that deliver Ai driven insight and intelligence to stakeholders that range from sovereign states seeking territorial and border security to mariners focused on safer and efficient navigation.

Todays' results are indicative of the latent demand waking up to the availability of our systems and the valuable insight and intelligence they can access on demand.

I believe we are right at the start of this global adoption."

The Business

SRT Marine Systems is a global company which develops and provides integrated maritime surveillance, monitoring, management and safety systems used by coast guards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain.

Applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection and environment monitoring.

The Final Results

The group today reported a 426% increase in revenues for the year to end-June, reaching £78.0m for the year.

The company achieved a profit before tax and exceptional items of £4.9m.

Basic earnings per share were 0.85p.

System contracts totalled £325m, with a new system contract prospects pipeline valued at £1.8bn.

The unrestricted cash balance at year-end was £4.3m, increasing to £13.6m by 30^th September.

The company recognised a non-cash exceptional finance charge of £3.5m related to warrants granted for a performance bond.

Outlook

Chairman Kevin Finn stated that:

“The outlook for our business is very positive, and growing, as the world seeks to acquire a new generation of integrated systems that empower them with insight and intelligence to secure borders, detect and deter illegal activities, navigate more safely, efficiently manage and sustain marine domains, and transform operations to an intelligence lead doctrine.

SRT's pioneering strategic decision to enter this market years ago has allowed us the time to develop the extensive technologies and knowhow to deliver into this demand.

In the short term, we are focused on delivering against our existing £325m of contracts, whilst in the medium and longer term we expect to be further expanding those systems as our customers' aspirations and needs grow, as well as welcoming new customers into our Sovereign Partnership program.”

My View

I will be commenting further on the group later today; however, the shares at just 81.20p still represent an excellent growth opportunity.

I remain confident that my £ 150 target price will be achieved.