Solid State plc (LSE:SOLI) has released its final results for the year ending 31 March 2025, revealing a 23.4% drop in revenue to £125.1 million alongside a 64.7% decrease in adjusted operating profit to £6.0 million. These declines were largely driven by the acceleration of revenues into the previous year and delays in a major defense contract.
Despite these setbacks, the company remains upbeat about its prospects for the coming year, supported by a robust order pipeline and ongoing strategic investments in acquisitions and infrastructure development. Recent contract wins include a $25 million order for communications equipment and a $5.1 million Internet of Things (IoT) deal, underscoring Solid State’s resilience and capacity to capitalize on long-term growth trends across key sectors.
Solid State continues to demonstrate solid financial health with consistent profitability, steady cash flow, and a strong balance sheet. While technical indicators advise cautious optimism, the company’s fair valuation and recent strategic moves position it well for sustainable growth. Overall, Solid State stands as a compelling option within the Hardware, Equipment & Parts sector.
About Solid State plc
Solid State plc is a prominent value-added electronics provider, delivering durable components, assemblies, and systems primarily for industrial and defense applications in demanding environments. Its offerings span ruggedized computing, battery power solutions, antennas, secure radio communications, imaging technology, and electronic components & displays. Operating through two divisions—Systems and Components—Solid State serves diverse industries including defense, aerospace, energy, environmental monitoring, oceanography, robotics, medical, life sciences, and transportation. Headquartered in Redditch, UK, the company employs over 400 staff across 14 sites worldwide.
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