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Budget & Fiscal Hardware & Electronics Calnex Solutions

Calnex Solutions posts 73% rise in pre‑tax profit as revenue grows 19%

“This has been a strong year for Calnex, delivering double‑digit revenue growth, improved profitability and material progress against our diversification strategy,” said Tommy Cook, Chief Executive Officer.

by tickstock newsroom
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Calnex Solutions (LSE:CLX) reported pre‑tax profit of £1.2m for the year ended 31 March, up 73% from £0.7m, with revenue increasing 19% to £21.9m.

The results reflect progress in diversifying beyond telecoms into digital infrastructure and government & defence, and the board proposed a final dividend of 0.68p taking total FY26 dividends to 0.99p per share (FY25: 0.95p).

“This has been a strong year for Calnex, delivering double‑digit revenue growth, improved profitability and material progress against our diversification strategy,” said Tommy Cook, Chief Executive Officer.

The group said digital infrastructure remained 49% of orders while government and defence rose to 21% (FY25: 15%), repeat business represented 79% of orders on a three‑year average and the top 10 customers accounted for 55% of orders.

Calnex ended the year with £9.3m of cash, secured a further £1.9m after the period to £11.2m at 22 May, and said targeted FY27 investment in product launches and market access will position the business for further growth in FY28.

by tickstock newsroom