Oxford Metrics (LSE:OMG) reported continued trading momentum across its Motion Capture and Smart Manufacturing businesses since 1 October 2025, as the company transitions to a new 31 December financial year-end ahead of a 15-month FY26 reporting period. Management highlighted solid demand across key markets and reiterated its focus on improving profitability while growing revenues, supported by an expanding sales pipeline and upcoming product launches.
Within Motion Capture, the Vicon division secured two significant entertainment contracts valued at £2.7 million across Eastern Europe and Japan, alongside additional stage expansion projects in China and turnkey life sciences agreements in India. Trading in the United States remained broadly stable year on year. Interest in markerless motion capture technology continues to increase globally, with planned product enhancements aimed at expanding applications — particularly in life sciences — while supporting stronger conversion rates and higher recurring software income.
In Smart Manufacturing, Oxford Metrics recorded several metrology contract wins with a major UK engineering group, repeat orders from an international food and beverage client, and new vision inspection projects covering medical vials, surgical blades, laboratory-grown diamonds and advanced semiconductor applications. As part of a structural reorganisation, Sempre and Industrial Vision Systems will merge into Industrial Vision and Metrology Systems Limited from 1 March 2026, a move intended to streamline execution, improve order-to-revenue conversion, and enhance operational efficiency as the division evolves toward a scalable, product-focused model.
The board confirmed it is continuing to evaluate acquisition opportunities aligned with its long-term strategy while maintaining disciplined capital allocation. Management expects further progress in FY26 driven by a strong order pipeline, new Motion Capture product introductions and efficiency benefits from the Smart Manufacturing restructuring, with a refreshed three-year strategy and capital allocation framework scheduled for presentation later this year.
Oxford Metrics’ overall investment profile is supported by strong technical momentum and a stable balance sheet, although profitability pressures remain. An attractive dividend yield offers some offset to a negative P/E ratio, while limited earnings call data and corporate developments constrain deeper assessment.
More about Oxford Metrics
Oxford Metrics is a UK-based smart sensing and measurement technology company serving customers in more than 70 countries across life sciences, entertainment, engineering and smart manufacturing sectors. Through its Vicon motion capture business and its Smart Manufacturing operations — including Industrial Vision Systems and Sempre — the group delivers motion measurement, machine vision and metrology solutions to blue-chip clients in industries such as healthcare, pharmaceuticals, aerospace and automotive.
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