Solid State revenues rose 23.2% to £154.5 million for FY 2026 on buoyant demand from the defence, security, and AI-driven data centre sectors.
Divisional breakdowns reveal Systems revenues grew 47.8% to £62.5 million, mainly driven by recognition of a £23.3 million communications programme in H1, following delays in the prior year. Components rose 8.1% to £59.8 million, and Power increased 15.6% to £31.8 million, reflecting significant contract wins and improving market conditions.
The Group’s order book stood at £102.4 million as of late May, driven by non-NATO and AI demands. This included an initial $10.8 million order for Project CAIN for the British Army.
The board expect to exceed current market expectations for FY26/27.
Nigel Rogers, Chairman of Solid State, said: “The Group has reported a strong performance in FY25/26, with all three divisions delivering year-on-year improvements, supported notably by AI-driven demand and the defence and security market.
“Solid State is well positioned to unlock untapped organic growth and to explore opportunities in adjacent structurally growing markets through a sharpening of customer and market focus, as well as an accelerated pace of investment to strengthen operational depth and scale.”
Rogers noted that recent geopolitical uncertainty combined with AI data centre demand has created supply chain challenges, bringing both risks and opportunities. “The company’s strong customer relationships position it well to navigate these conditions and capitalise on opportunities,” he added.
Rogers also announced he was standing down as Chairman.
“I am very pleased to announce that Victor Chavez CBE will be assuming the post of Non-Executive Chairman with immediate effect. He has impeccable credentials to lead the business forward with its ambitious growth plans. I will be supporting through a transitionary period until the end of the calendar year.”
