Synectics plc

("Synectics", the "Company" or the "Group")

AGM Trading Update

Synectics plc (AIM: SNX), a leader in advanced security and surveillance solutions, today provides shareholders with an update on trading ahead of its Annual General Meeting, taking place later this morning.

Positive activity has continued across a number of the Group's core markets with trading in the first five months of the year ending 30 November 2026 ("FY 2026") broadly in line with management expectations.  

In the leisure and hospitality sector, the Company has seen strong order intake in the North American gaming market and secured contracts with several new customers, further expanding its market presence. This includes the Company's largest contract win to date in Canada, with its surveillance solution selected for a large-scale casino and integrated resort in Ontario.

The Group has also secured additional contracts with both existing and new customers across its critical infrastructure, public space and transport sectors. This includes recent contract wins totalling over £1.4 million with a UK regional authority, covering approximately 220 buses, which will focus on enhancing operational efficiency and improving passenger and driver safety.

Within the energy sector, against a backdrop of ongoing geopolitical uncertainty, some customers have delayed project and infrastructure investment decisions although the scale and quality of these opportunities remain unchanged. As a result, the timing of certain contract awards and project activity in the energy sector is unclear at this stage.

Revenue and profitability for the full year will be weighted towards the second half of the year, consistent with the historical profile of the business¹.

Subject to energy sector activity normalising through the second half, the Board currently expects trading for FY 2026 to be in line with market expectations².

The Company continues to make good progress with its strategic transition, announced as part of the final results in March. The simplification of the Synergy deployment and development of the partner programme is progressing well, alongside strengthening the go to market strategy, and value proposition development. The operating model review is also progressing as planned.

These planned initiatives will be funded from existing cash resources, and are essential to positioning the business for scalable, repeatable growth.

The Company expects to publish unaudited interim results in August.

Amanda Larnder, Synectics' Chief Executive Officer, commented:

"Synectics has secured important customer wins during the first five months of FY 2026 and it is particularly encouraging to see this momentum that we're building with new and existing customers.

"Management continues to closely monitor the current geopolitical backdrop particularly given the Company's exposure to the energy sector. Whilst the timing of some customer investment decisions and contract awards is currently uncertain, our underlying new business pipeline remains encouraging.

"We have made clear progress in reshaping the business, with early signs that these initiatives are already supporting improved commercial execution, including better customer engagement and more efficient delivery. We are focused on delivering a more scalable, repeatable model that can support stronger and more consistent growth over time.

"The Board remains confident in the Group's strategic direction and the progress being made to position the business for more scalable and sustainable growth."

¹ With the exception of FY25 which was impacted by a significant one-off contract the majority of which was delivered in the first half of FY25

² Management understands current market expectations for FY 2026 to be revenue of £62.0m and adjusted EBITDA of £4.1m.

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About Synectics plc

Synectics plc (AIM: SNX) is a leader in advanced security and surveillance solutions that help protect people, property and assets around the world.

It transforms customer operations by seamlessly integrating systems, technologies, and data into a unified solution-enhancing safety, improving efficiency, and enabling smarter, faster decision-making and response capabilities.

With its technical expertise, decades of experience, and strong partnerships, Synectics sets itself apart by delivering innovation and service that drive real value and long-term success.

Find out more at www.synecticsplc.com.