Synectics (LSE:SNX), a leader in advanced security and surveillance solutions, said in an AGM trading update that trading in the first five months of the year ending 30 November (FY 2026) was broadly in line with management expectations and that, subject to energy-sector activity normalising, the Board currently expects full-year trading to be in line with market expectations.
The company highlighted strong order intake in the North American gaming market, including its largest contract win to date in Canada for a large-scale casino and integrated resort in Ontario, and said it had also secured further contracts across critical infrastructure, public space and transport, including recent wins totalling over £1.4 million with a UK regional authority covering approximately 220 buses.
Synectics warned that some customers in the energy sector have delayed project and infrastructure investment decisions amid geopolitical uncertainty, creating timing risk for awards, and reminded investors that revenue and profitability are typically weighted to the second half of the year with management understanding current market expectations for FY 2026 to be revenue of £62 million and adjusted EBITDA of £4.1 million.
"We are focused on delivering a more scalable, repeatable model that can support stronger and more consistent growth over time," Amanda Larnder, Chief Executive Officer, said.
The Group said the simplification of Synergy, development of the partner programme, go-to-market changes and operating-model review will be funded from existing cash resources and it expects to publish unaudited interim results in August.
