SRT Marine Systems (LON:SRT) – watch the Friday 11th July 8am Company Webcast ***

This morning’s Trading Update, for the year to end-June 2025, reported that the global provider of integrated maritime surveillance and MDA management systems and technologies for security, safety and environmental protection, enjoyed a 423% increase in its group revenues for the year, up to £77.5m (£14.8m), while it showed a massive swing around from £14.4m of losses to pre-tax profits of £4.4m.

CEO Simon Tucker stated that:

"This year's performance is a reflection of our proven technologies and products, and SRT's established position in the global maritime surveillance and management market.

This market remains in its early stages of development as marine stakeholders seek to harness digital technologies such as AI to reveal insights that enable them to enhance security, safety and sustainability and therefore I expect to continue to see our business grow substantially from this base in the future."    

The group, which is an established leader in the growing global market for maritime domain awareness, provides advanced technologies, products and systems, that integrate multiple proprietary technologies such as advanced analytics, data fusion, augmented visualisation, which enhance maritime safety, security and environmental protection and sustainability.

The business, whose customers range from governments to vessel owners around the world, stated that it has a current new system prospects validated pipeline valued at up to £1.4bn, while it has system contracts with an aggregate of £320m now active and being implemented.

It also noted that its NEXUS transceiver is expected to be shipped out within this current half-year.

Analysts Kimberley Carstens and Michael Hill, at Cavendish Capital Markets, have a 100p Target Price out on the group’s shares, which are now 75p.

They have estimates for the current year to end-June 2026 for £115.8m revenues, £10.2m adjusted pre-tax profits, and earnings of 4.1p per share.

They consider that FY25 was a transformational year for the company as it delivers on milestones on five contracts worth £320m for highly demanding sovereign customers with decade long strategic plans.

“Over time, diversified revenue streams will provide repeatable and recurring revenue streams from long-term Systems contracts (support, maintenance, services, data revenues).

We also expect repeatable implementation revenue as part of long-term strategic projects as sovereign nations build up civilian maritime surveillance and management capabilities.

Systems revenue is complemented by ongoing performance in the Transceivers division, where further growth is expected from initial shipments of the first-to-market combined voice and data transceivers system, Nexus, in 1H26.

Against the backdrop of heightened geopolitical tensions and conflict, SRT Marine Systems is excellently positioned to execute on growing global demand for technology-enabled national largescale maritime security solutions, where growth in the addressable market is supported by regulatory and government defence/maritime security demand.”

*** I recommend that investors watch CEO Simon Tucker this Friday morning when he presents the next quarterly live shareholder webcast at 8.00 a.m., providing an update on Company operations and trading activities – you can use this connection -  investor@srt-marine.com to participate.

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