Oxford Metrics (LSE:OMG) reported higher revenue for the six months ended 31 March 2026 as growth in its Motion Capture business and improved gross margins helped support progress against its strategic objectives. The technology group also maintained a strong cash position while continuing to invest in operational improvements and business integration initiatives.
Motion Capture Growth Offsets Softer Metrology Performance
Interim revenue increased by 3% to £20.7 million, supported primarily by a 10% rise in Motion Capture sales. The division continued to benefit from demand across its core markets, contributing to overall top-line growth during the period.
Revenue within the Vision Metrology business was lower year-on-year, largely due to the timing of project deliveries rather than underlying market conditions. Despite this, the group achieved stronger gross margins and reported a reduction in adjusted EBIT losses compared with the prior period.
Integration and Efficiency Measures Continue
Oxford Metrics continued to execute its strategy of simplifying operations and improving profitability through greater scale and efficiency.
During the period, acquired businesses were integrated into the newly established Industrial Vision and Metrology Systems platform, creating a more unified structure across the group’s industrial technology activities.
Management also progressed property rationalisation and broader cost optimisation programmes as part of efforts to improve operating leverage and support future margin expansion.
Focus on Recurring Revenue and Long-Term Growth
Alongside operational improvements, the company has refined its capital allocation strategy to support sustainable long-term growth.
Management remains focused on increasing recurring revenue streams, enhancing profitability and scaling the business across its target markets. Full-year revenue guidance for FY26 remains unchanged at approximately £56 million.
Looking further ahead, Oxford Metrics continues to target a doubling of group revenue over the medium term while aiming to achieve adjusted EBIT margins in the mid-teens.
Strong Balance Sheet Supports Outlook
The group ended the reporting period with cash balances of £31.7 million despite shareholder returns through dividends and share buybacks, highlighting the strength of its financial position.
While profitability remains a work in progress, Oxford Metrics benefits from supportive share price momentum and a solid balance sheet. The dividend yield also provides additional support for investors, although conventional valuation measures remain constrained by the company’s negative earnings position.
More About Oxford Metrics
Oxford Metrics is a UK-listed technology company specialising in smart sensing, motion capture and precision measurement solutions. The group serves customers across life sciences, engineering, entertainment, manufacturing and industrial markets worldwide.
Founded in 1984, the company has developed leading positions in motion capture technology and high-accuracy vision inspection and metrology systems. Its products are used by thousands of customers across more than 70 countries, supporting applications ranging from scientific research and healthcare to industrial quality control and digital content creation.
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