A transformative year for Filtronic
FY2025 marked a step change in our growth journey, a year of record performance, strategic wins, and bold investment in our future.
Filtronic today has announced its full year results for the 12 months ended 31 May 2025.
Financial highlights are:
| FY2025 | FY2024 | % change | |
| Revenue | £56.3m | £25.4m | 121% |
| Adjusted EBITDA* | £17.0m | £4.9m | 247% |
| Operating profit | £13.4m | £3.6m | 272% |
| Profit before taxation | £13.4m | £3.4m | 294% |
| Profit for the year | £14.0m | £3.1m | 352% |
| Basic earnings per share | 6.42p | 1.45p | 343% |
| Diluted earnings per share | 6.05p | 1.41p | 329% |
| Cash at bank | £14.5m | £7.2m | 101% |
| Net cash when excluding right of use property leases | £12.3m | £5.2m | 137% |
| Net cash | £10.8m | £4.2m | 157% |
| Cash generated from operating activities | £13.8m | £6.3m | 119% |
This standout performance in FY2025, marks a significant step forward in the execution of its growth strategy. Strategic milestones with key partners have strengthened relationships and laid the groundwork for further contract expansion. Investments in commercial alignment, including leadership changes and the opening of a new Cambridge office, have enhanced go-to-market capability and attracted high-calibre talent.
The Group is expanding its UK manufacturing footprint with a move to a new, custom-built facility in Sedgefield, set for completion in H1 FY2026, to meet growing demand across core markets.
Engagement in the Space sector reached record levels, highlighted by a landmark agreement with SpaceX and new contracts with ESA, Viasat and Airbus. In Defence, momentum continues with a radar contract win with Leonardo and progress on programmes with QinetiQ and BAE Maritime Systems.
Innovation remains at the core, with expansion into V Band, the launch of Prometheus, the highest-power V-band SSPA on the market, and the transition from GaAs to GaN technologies ahead of the 2026 product rollout.
Commenting on the results, Nat Edington, Chief Executive, said: “FY2025 has been a transformative year for Filtronic, showcasing the successful execution of our growth strategy. Our record revenue growth and landmark wins in the Space and Defence sectors reflect the trust placed in us by global players and that our technology is meeting real world demand. As we enter FY2026, we are confident in our trajectory, with a strong order book, healthy cash position, and a strengthened leadership team in place. The transition to GaN technology, expansion into higher-frequency bands, and our move to a new, larger manufacturing facility will enable us to scale effectively and capitalise on the significant opportunities ahead.”
With strong commercial traction, a robust order book and healthy cash reserves, Filtronic enters FY2026 positioned to scale and meet rising global demand for high-frequency, resilient communications infrastructure.
For more information about Filtronic’s range of for space and defence applications, visit its website here. Alternatively, you can speak to a member of the team on +44 (0)1740 618 800.