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(Sharecast News) - Solid State reported strong full-year growth on Monday, with revenue up 23.2% to 154.1m and adjusted pre-tax profit rising 72.0% to 8.6m, driven by defence and security demand, AI-related data centre activity and improved performance across all three divisions.
Reported pre-tax profit rose to 5.8m from 0.3m, while adjusted diluted earnings per share increased 77.4% to 11.0p.
The AIM-traded group lifted its full-year dividend 10.0% to 2.75p and reduced net debt to 4.2m from 7.4m, while the open order book stood at 102.4m at 31 May.
Solid State said trading had started well in the new financial year, with the initial $10.8m Project CAIN shipment completed in the first quarter, and said it expected to exceed current market expectations for FY26/27.
Victor Chavez CBE has taken over as non-executive chairman with immediate effect, replacing Nigel Rogers, who will support a transition until the end of the calendar year.
At 1413 BST, shares in Solid State were up 7.74% at 207.4p.
Reporting by Josh White for Sharecast.com.
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