County Durham-based Filtronic plc, a manufacturer of products for the aerospace, defence, telecoms infrastructure, space and critical communications markets, said it has entered the second half of FY2026 with a record order book.
Announcing its half year results for the six months ended November 30, 2025, Filtronic reported “continued deepening of the relationships with key customers, including largest-ever contract with SpaceX, valued at $62.5 million.”
The firm reported an “accelerating diversification of customer base, with new multi-year contract wins including a €7.0 million agreement with a European space customer and a £13.4 million contract with a leading European defence prime, strengthening the Company’s position across space, aerospace and defence markets.”
First-half revenue was broadly in line with the prior period at £25.3 million.
“As previously communicated, deliberate and targeted investment in the business, to achieve sustainable long-term revenue growth in high-growth markets, meant profits were lower in the period than the same period last year with adjusted EBITDA of £5.1m (H1 2025: £8.7m) and an operating profit of £2.6m (H1 2025: £6.8m),” said the firm.
Nat Edington, Chief Executive Officer, commented: “The first half of the year demonstrated the strength of Filtronic’s positioning in markets where performance, reliability and security are mission critical. Demand across our space, aerospace and defence markets remains robust, and our focus on high-frequency RF technologies continues to differentiate us with customers operating in the most demanding environments.
“With a record order book, increasing customer diversification and the business now operating at greater scale, we have entered the second half confident of continuing our planned growth.”
In its outlook, Filtronic cited “growing visibility and quality of revenues, with approximately 90% of FY2026 revenues covered by contracted orders, providing strong visibility into H2 and beyond
“After a good first half, with strong momentum in the business, the board remains confident in meeting current market expectations for revenues and EBITDA for FY2026.”
Filtronic said it understands that market expectations for FY2026, based on published analyst forecasts, are for revenue of £55.5 million, within a range of £54 million to £56.9 million and EBITDA of £10.9 million, within a range of £10.1 millio to £12.0 million.