Petards Group plc (AIM: PEG), the AIM quoted developer of advanced security, communication and surveillance systems, is pleased to report its interim results for the six months ended 30 June 2025.

Key Highlights:

Operational

o Strong interest in the new QRO Harrier Mini ANPR camera with first revenues in Q2
o Commenced building QRO’s presence and pipeline in overseas markets
o Continued new product development in both ANPR and eyeTrain solutions
o Circa 50% of Group revenues from service and engineering support, spares, repairs, and managed services of a recurring nature
o Order book at 30 June 2025 of £6.7 million (31 Dec 2024: £7.1 million) of which £4.8 million scheduled for delivery in H2
o Post June 2025:

• several larger order wins totaling over £1.5 million, across Rail, RTS, and QRO
• multi-year framework contract wins for Affini and QRO anticipated to generate annual revenues in excess of £1.25 million

Financial

o Revenue up 78% to £7.9 million (H1 2024: £4.4 million)
o Gross profit margin achieved of 48.7% (H1 2024: 49.0%)
o Adjusted EBITDA profit of £509,000 (H1 2024: £33,000)¹
o Significantly reduced operating loss of £185,000 (H1 2024: loss of £878,000)
o Post-tax loss £312,000 (H1 2024: loss of £928,000)
o Continued cash generative operating performance with cash inflow from operating activities of £860,000 (H1 2024: £438,000)
o Net debt at 30 June 2025 £1,295,000 (31 Dec 2024: net debt £1,535,000)²
o Diluted EPS loss of 0.51p (H1 2024: loss of 1.63p)

¹ Adjusted EBITDA is earnings before depreciation, amortisation, exceptional items, and acquisition costs
² Net debt comprises cash and cash equivalents less interest-bearing loans and borrowings (excluding lease liabilities)

Commenting on the current outlook, Raschid Abdullah, Chairman, said:

“Clear progress was made in the first half of 2025 in terms of the overall Group’s performance, including an improved trading result from Petards Rail, a good performance at Affini since its 2 acquisition last year, and with the steps being taken to expand QRO’s presence into overseas markets with its new Harrier ANPR products.

“The order book at 30 June 2025 of £6.7 million (31 Dec 24: £7.1 million), combined with the orders received in July and August, has increased revenue cover for 2025 to around 92%.

“While the Group still requires to book and deliver further orders in the final four months of the year, the Board remains confident in anticipating a much improved trading performance for the 2025 full year, in line with current market expectations.”

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This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Contacts:

Petards Group plc  | www.petards.com
Raschid Abdullah, Chairman  | Mob: 07768 905 004

Zeus Capital Limited, Nomad and Joint Broker  |  Tel: 020 3829 5000
Mike Coe / Darshan Patel (Investment Banking)

Hybridan LLP, Joint Broker  | www.hybridan.com
Claire Louise Noyce  | Tel: 020 3764 2341  | claire.noyce@hybridan.com