FY 2024 profit expected to be materially ahead of expectations; order book growth underpins confidence in FY 2025

Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, provides an update on trading for the year ended 30 November 2024 (“FY 2024”).

The Company expects profit before tax for FY 2024 to be materially ahead of market expectations^*, reflecting continued momentum in the second half of the year across all of its market verticals.

The Company ended FY 2024 with a strong order book, totalling approximately £37.8 million (31 May 2024: £30.2 million; 30 November 2023: £29.2 million), underpinning the Board’s confidence for the year ending 30 November 2025.

Cash at 30 November 2024 was £9.6 million (31 May 2024: £6.4 million; 30 November 2023: £4.6 million), with undrawn bank facilities of £3.0 million.

Synectics expects to announce its audited results for FY 2024 in early March 2025.

^*Prior to this announcement, FY 2024 market expectations were revenue of £55.4m and adjusted PBT of £3.9m.

For further information, please contact:
Synectics plc
Amanda Larnder, Chief Executive Officer and Chief Financial Officer
Claire Stewart, Company Secretary
Tel: +44 (0) 114 280 2828
info@synecticsplc.com

Shore Capital
Corporate Advisory: Tom Griffiths / David Coaten / Rachel Goldstein
Corporate Broking: Fiona Conroy 
Tel: +44 (0) 207 408 4090

Vigo Consulting
Jeremy Garcia / Fiona Hetherington / Peter Jacob
Tel: +44 (0) 20 7390 0230
synectics@vigoconsulting.com