Cohort FY profits, revenues grow to record levels

Defence contractor Cohort said on Wednesday that both profits and revenues had grown to record levels in the year ended 30 April.

Cohort said annual revenues were up by 11% to £202.0m, while pre-tax profits were 42% ahead at £19.8m.

Orders during the year came to £392.0m with Cohort's year-end order book up 58% at £518.0m.

As a result, the AIM-listed group hiked its full-year dividend by 10% to 14.8p.

Chairman Nick Prest said: " We are reporting another strong performance for Cohort with improved revenue, profit and net funds, and one that has exceeded expectations. Our order book surpassed £500m for the first time and provides a solid foundation for the future.

"We are optimistic that the group will make significant further progress in 2025/26 and beyond, based on current orders for long-term delivery, our continued investment in the businesses and our pipeline of opportunities."

Separately, Cohort revealed its Marlborough Communications subsidiary had been awarded two orders from a "UK government customer" worth a total value of £21.4m. Cohort said work will commence immediately and was expected to be completed within twelve months.

As of 1140 BST, Cohort shares were up 4.07% at 859.60p.

Reporting by Iain Gilbert at Sharecast.com