Detection technology business, Kromek Group, is celebrating its maiden profit as revenues surge, marking a transformative year for the AIM-listed business.<\/p>\n
In the year to 30 April 2025, group revenue jumped 37% to \u00a326.5m, with the advanced imaging division leading growth at \u00a320.3m, more than double the previous year\u2019s \u00a39.0m. This strong performance offset a decline in CBRN Detection revenues, which fell to \u00a36.2m from \u00a310.4m.<\/p>\n
Gross margin improved sharply to 81%, compared with 55% last year, underpinning a swing in profitability. Adjusted EBITDA increased more than threefold to \u00a310.3m (2024: \u00a33.1m), while the company reported a profit before tax of \u00a33.1m, compared with a loss of \u00a33.5m in the previous year.<\/p>\n
The Sedgefield-based group also strengthened its balance sheet by repaying a \u00a35.5m term loan and \u00a35.9m short-term loan facilities. At year-end, cash and equivalents stood at \u00a31.7m.<\/p>\n
Dr Arnab Basu, CEO of Kromek, said: \u201cThis year has been pivotal for Kromek, marked by our maiden profit, which exceeded market expectations, and a significant reduction in debt. These achievements were driven by a landmark agreement with Siemens Healthineers, showcasing the strength of our Advanced Imaging division. While the CBRN Detection division had a slower start, the second half saw a sharp acceleration in momentum due to contract awards under UK Government frameworks, US federal contracts and a healthy international sales pipeline.<\/p>\n
\u201cLooking ahead to FY 2026, we expect to deliver further revenue growth and profitability, in line with market expectations. The CBRN Detection division is on track for a strong year-on-year revenue increase, while Advanced Imaging is set to deliver growth on a like-for-like basis. With a strengthened balance sheet and strong operational momentum, we are well-positioned to capitalise on growth opportunities across both divisions and drive sustained, long-term profitable growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Kromek Group is marking a transformative year with surging revenue<\/p>\n","protected":false},"author":271992,"featured_media":2076851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53262,50204],"coauthors":[137100],"class_list":["post-2143957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-technology","tag-featured-story","tag-yorkshire"],"yoast_head":"\n