Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • CNC's H1FY25 revenue increased to approximately GBP 21.3 million, up from GBP 16.8 million in H1FY24.
  • Concurrent Technologies' order intake rose to GBP 22.3 million, reflecting continued demand for its products and systems.
  • CNC's profit before tax slightly improved to GBP 2.4 million, despite currency headwinds.

Concurrent Technologies Plc (LSE:CNC), a UK-based designer and manufacturer of high-performance computer products and mission-critical systems, announced a trading update for the six-month period ending 30 June 2025 (H1FY25). The company anticipates reporting its highest-ever first-half revenue and order intake, building on the operational momentum of recent years.

According to unaudited management accounts, revenue for H1FY25 is expected to be around GBP 21.3 million, a notable rise from GBP 16.8 million in the same period last year. The company also expects to report a profit before tax of approximately GBP 2.4 million, compared to GBP 2.3 million in H1FY24, despite a foreign exchange impact of approximately GBP 600,000 from the US dollar, which negatively affected earnings.

Order intake remained solid, reaching GBP 22.3 million in the first half of the financial year, up from GBP 17.8 million in the prior year. The results reflect steady commercial traction across both of the company’s business units: Products and Systems. Design wins secured during the period support medium and long-term revenue visibility, as these typically translate into customer orders two to three years after confirmation, with revenue streams lasting up to a decade.

Concurrent Technologies noted that the Products unit has continued to deliver operational progress, while the Systems unit is advancing towards break-even following earlier investment initiatives in 2024 aimed at scaling the business. The board confirmed its outlook for the full year remains unchanged, with expectations in line with market consensus.

A key product launch during the period was "Kratos," a newly developed computer board featuring the industrial variant of the Intel® Xeon® 6 processor. According to the company, Kratos is currently the only product of its form factor using this specific chip, attracting notable customer interest in high-performance computing applications. While the second half of FY25 has begun positively, the company acknowledged that exposure to the US defence sector and potential disruptions in global supply chains remain areas of caution. The management continues to monitor these risks closely.

Concurrent Technologies was founded in 1985 and is headquartered in Colchester, UK. The company supplies embedded computing solutions for demanding environments in sectors such as defence, aerospace, and industrial automation. Products are often deployed in situations requiring high reliability, including air and ground military systems.

CNC trading at 8.20% lower at GBX 181.30 per share as on 15 July 2025.