Cohort FY profits, revenues grow to record levels

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