CML Microsystems Plc, a developer of mixed-signal, RF, and microwave semiconductors, has released its full-year preliminary results for the fiscal year ending March 31, 2025. Despite challenging market conditions, the company maintained robust revenues of £22.90 million, similar to the previous year. The profit from operations decreased to £0.53 million due to higher costs related to the full-year inclusion of MwT and the factory relocation. Profit before taxation, excluding exceptional items, was £0.88 million. The company ended the period with cash balances of £9.92 million and recommended a final dividend of 6.0p per share.
During the year, CML Microsystems successfully completed its post-acquisition plans for MwT, including a relocation to new premises and the appointment of a local VP of Operations. They also restructured their UK R&D resources and expanded their product portfolio with the launch of multiple high-performance RF and microwave products. The companys opportunity pipeline is at record levels, providing confidence in future growth.
The Chairmans statement highlights the resilience of the companys performance despite global headwinds and expresses confidence in the direction and prospects of the business. The strategy of exiting the Storage market and expanding into new markets with the acquisition of PRFI and MwT is outlined, along with the benefits of the broadened product portfolio.
The operational and financial review details the solid operational progress, continued investment in R&D, and customer engagement. The companys transition into a global semiconductor innovator serving a wider range of industries and applications is emphasized. The review also covers market conditions, strategic investments, and growth expectations.
The financial review provides insights into revenue, gross profit, distribution and administration costs, R&D investment, and profit. The cash reserves at the end of the period were £9.92 million, with a net cash inflow from operating activities of £3.09 million.
Overall, CML Microsystems demonstrated resilience in challenging market conditions and is well-positioned for future growth with its expanded product portfolio and strong financial foundation.
