Synectics (LSE:SNX) posted a robust set of results for the year ended 30 November 2025, with revenue climbing 22% to £68.1 million. Adjusted EBITDA rose 36% to £8.5 million, reflecting operational leverage and strong execution across its business units.
The group ended the period with a record £14.1 million cash balance and no bank debt, underlining its financial strength. Total dividends were increased by 11%. Performance was supported by growth in both the Synectic Systems and Ocular Integration divisions, alongside the successful completion of a £12 million international gaming contract.
Synectics has now moved into the delivery phase of a group-wide transformation aimed at building a more scalable, product-focused and partner-driven organisation. Initiatives include strengthening the senior leadership team and expanding its global systems integrator programme.
Management cautioned that FY26 will represent a transitional year, with revenue and margins expected to decline due to the absence of the one-off gaming project. However, the company is targeting a return to double-digit revenue growth and improved EBITDA from FY27, with further acceleration anticipated in FY28 as the benefits of the new operating model take hold.
From an investment standpoint, Synectics’ solid financial performance, net cash position and strategic repositioning are key positives. While technical indicators present mixed signals, valuation metrics suggest potential upside. The company appears well placed within the Security & Protection Services sector, supported by a strengthened balance sheet and a clearer long-term growth trajectory.
More about Synectics
Synectics plc is an AIM-listed provider of advanced security and surveillance technologies. The company integrates video management, cybersecurity, artificial intelligence and real-time analytics to safeguard people, assets and critical infrastructure. Its solutions serve markets including leisure and hospitality, gaming, transport and critical infrastructure, with increasing emphasis on scalable, product-led offerings delivered through global systems integrator partnerships.
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