Croma Security Solutions Group (AIM:CSSG) expects full-year revenue of approximately £11.0 million for the year ended 30 June, slightly ahead of market expectations and up around 15% from £9.6 million in FY2025.
The AIM-listed locksmith and security systems group said EBITDA should also come in marginally ahead of expectations at around £1 million, against £1.1 million the prior year, reflecting planned increased investment in the business flagged at the interim results.
Growth was driven by two acquisitions completed in the second half and continued organic demand from retail and commercial customers investing in security infrastructure amid tightening regulatory requirements.
In June, Croma received the final £0.4 million deferred payment from its 2023 disposal of Vigilant Security, completing the £6.5 million sale and allowing the group to concentrate on its higher-margin locksmith and security systems businesses.
Since that disposal, Croma has merged two sites and acquired six locksmith businesses, expanding its network to 17 security centres, including TLS Security Systems in Taunton in January and Southern Security Services in Poole in March, both trading in line with expectations.
Net cash, excluding lease liabilities, stood at £4.9 million at 30 June, ahead of market forecasts and up from £4.4 million at the end of December, with no bank debt.
"Today, Croma is financially stronger than at any point in its history, with a debt-free balance sheet, growing cash resources and an attractive platform for further expansion," said chief executive Roberto Fiorentino.
The group said it holds a healthy pipeline of acquisition opportunities and is actively progressing further discussions.
News Intelligence what this means for the company
Croma Security beat consensus on FY2026 revenue (£11.0m, up 15% YoY) and EBITDA (£1.0m), while strengthening its balance sheet to £4.9m net cash with zero bank debt. Growth came from two H2 acquisitions (TLS Security Systems and Southern Security Services) and organic demand from retail and commercial customers, though EBITDA declined slightly from £1.1m in FY2025 due to planned investment in the business.
The company has moved from a disposal-focused strategy (Vigilant Security, 2023) to an acquisition-led expansion of its higher-margin locksmith and security systems platform. A debt-free balance sheet and growing cash position (up £0.5m in six months) provide capacity for the stated pipeline of further bolt-on acquisitions, though near-term EBITDA margin compression from investment spending warrants monitoring.
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