Time To ACT (LSE:TTA), the Aquis-listed specialist engineering group, reported a 6% increase in turnover, to £2.42m from £2.28m a year earlier, with hydrogen-sector work providing a growing share of the base.
Gross margin jumped to 69% from 47%, though the company attributed most of the increase to a single sale of surplus coating compound in September 2025 rather than underlying trading.
Cash closed at £942,337, down £22,218 from the opening balance, after £55,347 of capital investment tied to expected hydrogen-sector growth and £33,782 spent prosecuting patents on its GreenSpur axial flux generator technology.
Time To ACT's Diffusion Alloys unit, its high-temperature diffusion coating and thermal processing business, has been merging with Metal Treatment & Engineering (MTE) since MTE's acquisition in May, forming a new Thermal Processing division targeted at £8m in FY28 sales.
That division's short-cycle repeat work has been running at an annualised £5m to £6m, covering core group overhead on a cash basis, while bespoke project revenue stayed subdued through the summer.
Chris Heminway, chief executive and chief strategy officer, said order intake in September, including a few orders slipping into early October, would land towards the top of the previously flagged £1.1m to £1.2m range, "with MTE closing out the best month since its acquisition in May".
Since the year-end, the group raised £430,000 in new equity in April, then used £308,790 of cash to repay convertible loan notes and CBILS debt outstanding at year-end.