Petards expects improved margin, earnings growth but lower revenue

Petards Group PLC on Monday said it continued to perform well in the first half of 2026 and expects to deliver a "result for the full year ahead of current market expectations."

The Guildford, England-based security, communication and surveillance systems developer said the "upward trend" in its financial performance over "recent times" has continued in the six months ended June 30.

Petards expects to report earnings before interest, tax, depreciation and amortisation growth in the first half of 2026 on-year.

Margins have improved year-on-year albeit on very slightly lower revenue, it said.

Net debt is projected to reduce to £1.2 million at June 30 from £1.3 million at the end of 2025, with an order order book at June 30 of £9.6 million, up from £9.2 million six months earlier.

Chair Raschid Abdullah said the group has "continued to perform well in the first half of 2026, generating cash and growing gross profit margins and profitability."

He expects the firm to "continue to perform well over the remainder of 2026 and to deliver a result for the full year ahead of current market expectations."

Shares in Petards fluctuated on Monday. Shortly after midday in London, the stock traded down 2.6% at 9.50 pence after trading as high as 10.50p earlier.

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