Tekmar Group plc (LSE:TGP) has issued a trading update for the financial year ending September 2025, noting a healthy pipeline of bids but slower-than-expected conversion into firm orders. This has shifted part of its expected revenue into FY2026, weighing on the outlook for the second half of FY2025. Nevertheless, the company anticipates breaking even on an adjusted EBITDA basis for the year, an improvement compared with its first-half loss. Under the leadership of CEO Richard Turner, Tekmar is advancing “Project Aurora,” a strategy designed to boost medium-term value through stronger order intake, disciplined cash management, and expansion into new business lines. Growth in the Offshore Energy Services division and targeted mergers and acquisitions remain central to enhancing shareholder returns.
While profitability and cash flow pressures continue to shape Tekmar’s short-term outlook, the company has recently secured major contracts and undergone leadership changes that strengthen its long-term prospects. Technical indicators suggest neutral momentum with room for upside, though valuation remains constrained by ongoing losses.
About Tekmar Group plc
Tekmar Group plc is a global provider of offshore asset protection technology and energy services, with a strong presence in offshore wind and marine infrastructure. With nearly four decades of industry experience, the company delivers geotechnical design, subsea protection systems, and customized engineering solutions aimed at reducing risk, improving safety, and lowering project costs. Headquartered in Newton Aycliffe, UK, Tekmar operates internationally across Europe, Africa, the Middle East, Asia-Pacific, and North America through offices and strategic partnerships.
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