Investments pay off for communications tech company as revenues climb

Filtronic, which makes products for the aerospace, defence, telecoms infrastructure and critical communications markets, has highlighted healthy revenues and profits in its results for the six months ended 30 November 2024.
The Leeds-based business reports revenues of £25.6m (H1 2024: £8.5m) and pre-tax profits of £6.7m (H1 2024: £0.5m).
Jonathan Neale, chairman, said: “We are pleased to communicate these strong set of interim results. Robust order intake has resulted in the improved revenue and profit outlook in H2 which we communicated in market upgrades in December 2024 and January 2025.
“Investing in the business to underpin the orderbook has been timely and effective and we look forward to being able to communicate more about the next financial year as things develop during H2“.
The firm adds it has made excellent progress with a recruitment drive to scale its engineering team to meet demand and serve the business’s opportunity pipeline.
This has resulted in a 16 per cent headcount increase, including the recruitment of a design team in Cambridge.
Two new production lines were installed in the period to increase manufacturing capacity and support revenue growth.
Filtronic notes its robust cash position enables continued investment in revenue growth initiatives to deliver the company’s strategic plan.
The business explains the The Low Earth Orbit (LEO) space market remains a driving force for its activities, with the market still offering further significant growth potential.
Filtronic says its strategic partnership with the market leader in this sector, SpaceX, continues to strengthen and grow.
And the firm says the defence pipeline contains interesting opportunities, particularly within airborne radar systems.