**Summary of Synectics PLC Final Results and Strategic Update (March 2026)**
**Financial Performance (FY25)**
**Revenue Growth** Increased by 22.0% to £68.1 million (FY24: £55.8 million), driven by a significant gaming contract in South-East Asia contributing £12 million.
**Adjusted EBITDA** Rose by 36.1% to £8.5 million (FY24: £6.3 million).
**Adjusted Diluted EPS** Surged to 28.0p (FY24: 21.7p).
**Cash Position** Record cash balance of £14.1 million with no bank debt (FY24: £9.6 million).
**Order Book** Solid at £26.5 million (FY24: £38.5 million), with the decrease primarily due to the completion of the gaming contract.
**Dividend** Recommended final dividend of 2.8p per share, up 11.1% to a total of 5.0p per share (FY24: 4.5p).
**Operational Highlights**
**Synectic Systems** Revenue up 21%, led by growth in leisure and hospitality sectors.
**Ocular Integration** Revenue up 24%, driven by transport and critical infrastructure markets.
**Strategic Transformation** Focus on building a scalable, product-led business model, including enhanced partner programs and a new Senior Leadership Team.
**Innovation** Synergy DETECT won the Surveillance/CCTV Innovation category at the Benchmark Innovation Awards.
**Strategic Update**
**FY26 Transition Year** Expected revenue dip of ~10% due to the absence of the one-off gaming contract, with mid-single-digit EBITDA margins as investment continues.
**FY27 and Beyond** Double-digit revenue growth anticipated, with EBITDA exceeding normalised FY25 levels.
**5 "P" Strategy** Priorities include People, customer-driven Product, Partner-led growth, market Presence, and Productivity.
**Focus Areas** Simplifying product deployment, re-engineering the COEX camera range, and expanding the partner ecosystem.
**Leadership and Governance**
**Board Appointments** Paul Williams joined as Chief Financial Officer in August 2025.
**Governance** Strong focus on disciplined governance, capital allocation, and strategic direction for sustainable growth.
**Outlook**
**FY26** Transitional year with disciplined investment, supported by a strong balance sheet and solid order book.
**FY27-FY28** Accelerated growth and improved margins as strategic initiatives mature.
**Long-Term Vision** Positioned for sustainable growth, higher returns, and enhanced shareholder value.
**CEO’s Perspective (Amanda Larnder)**
FY25 marked robust financial growth and strategic repositioning for scalability.
FY26 will focus on embedding changes and investing in capabilities for long-term success.
Confident in delivering higher, sustainable returns from FY27 onwards.
**Chair’s Statement (Bob Holt OBE)**
Strong results driven by operational execution and cost management.
Board supports the transition to a scalable, product-led, partner-enabled model.
Committed to progressive dividend policy and long-term shareholder value.
**Conclusion**
Synectics PLC demonstrated strong FY25 performance while initiating a strategic transformation to drive scalable, sustainable growth. Despite a transitional FY26, the company is well-positioned for accelerated returns from FY27, underpinned by a robust balance sheet, strategic clarity, and operational focus.