LONDON - Science Group plc on Tuesday said it remains on track to deliver a resilient performance for 2026 despite geopolitical events affecting customer confidence and challenges in UK defence contracting, according to a press release.
The international services and systems company said revenue for the year is expected to be lower than the prior year, primarily due to reductions in low margin activities in the Defence sector, offset by margin improvement.
Science Group reported group cash of £68.5 million and net funds of £57.2 million as of April 30, 2026, compared to £20.9 million and net funds of £9.0 million a year earlier. The company has returned over £24 million to shareholders since the 2025 annual general meeting through share buybacks and dividend payments.
The Sagentia Services Division, which operates across MedTech, Consumer, Food & Beverage, Defence and Industrial markets, has experienced indirect effects from geopolitical instability. The UK Defence sector faced additional challenges from delays in contracting associated with the deferral of the UK Defence Investment Plan.
The CMS2 business, which provides systems to submarine programmes, has been less affected by UK Defence sector budget uncertainty. The company said CMS2 has progressed UK contracts in recent months which could position the business for growth into the 2030s.
Frontier's DAB+/SmartRadio revenue remains relatively stable. Shipments of Auria, a connected audio solution, commenced in April with products expected to be available to consumers in limited volume in late summer.
The company has repurchased 3,938,596 shares over the past year, equivalent to 8.8% of share capital at the time of the 2025 AGM. As of May 19, 2026, Science Group has 41,004,593 shares in issue, excluding treasury shares.
